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Study on Bidding Schemes and Decision-Making Method for Power Plant in Day-Ahead Power Market

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2 Author(s)
Zhongxiong Yuan ; Comput. & Inf. Eng. Inst., Shanghai Univ. of Electr. Power, Shanghai, China ; Danzhen Gu

This paper presents a novel method to help the bidder to make a reasonable bidding strategy. Three bidding schemes are discussed in this paper, that is, cost analytical method, time series analysis method and grey prediction method. The decision method based on multi-attribute decision-making principle is presented to choose a best bidding strategy from optional three schemes. This method is used in a certain power plant of East-China electricity market and case study verified its effectiveness.

Published in:

Artificial Intelligence and Computational Intelligence, 2009. AICI '09. International Conference on  (Volume:4 )

Date of Conference:

7-8 Nov. 2009