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The strategic bidding problem for generation companies (GENCOs) in a pay as bid market is considered with respect to risk analysis for different participant types, in which GENCOs suffer from lack of complete information about other opponents bidding strategies. According to Iran power market characteristics, in which participants should declare their maximum available energy to the ISO, Bertrand...
Wind power has become the fastest growing renewable energy source around the world, and has become relatively large proportion of total system generation and this procedure will be continuing in future, because of wind power global preference. Because variable speed wind turbine generation (WTG) connects to power system indirectly through converters and other power electronic devices, this makes the...
The strategic bidding problem for generation companies (GENCOs) in a pay as bid market is considered with respect to risk analysis for different participant types, in which GENCOs suffer of lack of complete information about opponents bidding strategies. According to Iran power market characteristics, in which participants should declare their maximum available energy to the ISO, Bertrand model is...
Market power normally is defined as the ability to profitably alter prices away from competitive levels. Market power is a significant issue for restructured electricity markets around the world. One of the concerns for any power market is whether individual participants can increase their profits by withholding generation from the market. To address this concern, the existence of some tools and indices...
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