MULTI-STAGE MULTI-MARKET OPTIMAL BIDDING STRATEGY IN ELECTRICITY MARKETS

<p>"Restructuring of power industry created the competitive situations for different MPs through designing appropriate electricity markets. Typically, in pool-based electricity markets, MPs submit their offers, and ISO clears the market and notifies MPs of the cleared power amounts and market prices. In this situation, designing an effective bidding strategy for MPs who seek to maximize their profits has thus become one of the crucial yet difficult tasks that still need further exploration. The majority of recent studies overlooked this problem for the purely financial players. Therefore, designing an efficient strategy for virtual bidder in the pool-based electricity markets is studied in this work. Moreover, this problem is extensively examined for the asset-owned MPs who are able to place virtual bids into the electricity market and the difference between the behavior of this player and the virtual bidder’s decision is highlighted employing different case studies. Transmission congestion in power system causes the price separation in different nodes in the DA electricity market, which creates the difference between the payment to the generators and the payment collected from the loads. ISO, as a nonbeneficiary organization, redistributes this surplus to the MPs through the FTR auction. The FTR value is dependent to the DA LMP. That is, the DA market and FTR auction are interrelated from a MP’s viewpoint. Furthermore, a strategic MP may tend to manipulate the FTR value employing the virtual transactions to improve its overall strategy in participating in both FTR auction and DA market. Therefore, this work also proposes a bidding strategy framework for a price-maker MP attending in both FTR auction and DA market with the consideration of virtual bidding"--Abstract, p. iii</p>

Name thesis:degree_name

Ph. D. in Electrical Engineering

Grantor

Missouri University of Science and Technology

Author dc:creator

• Mehdipourpicha, Hossein

• Electrical and Computer Engineering
• Engineering

Repository record dc:identifier

https://scholarsmine.mst.edu/doctoral_dissertations/3235

OAI identifier oai:identifier

oai:scholarsmine.mst.edu:doctoral_dissertations-4240