Abstract
Problems in deregulated power market are complex system engineering problem because any bidder can make the market change but no one can control the market completely. This paper presents how MCP is determined by PX and how many MCQ is changed under energy supply companies changing bid strategy. This research work is based on analysis on mechanisms of deregulated power market. A spectrum of formulas for calculating MCP and its change under energy supply companies changing their strategy are educed in the paper. Number testing results based on the formulas show that the formulas can describe the changes under energy supply companies changing their strategy in deregulated power market. The research work is useful to find the optimized bid strategy in the future. This project is supported by National Outstanding Young Investigator (No. 6970025).
| Original language | English |
|---|---|
| Pages (from-to) | 10-15 |
| Number of pages | 6 |
| Journal | Dianli Xitong Zidonghua/Automation of Electric Power Systems |
| Volume | 24 |
| Issue number | 7 |
| State | Published - 2000 |
Keywords
- Bid
- Market cleaning price (MCP)
- Market cleaning quantity (MCQ)
- Power exchange (PX)
- Power market