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This paper presents a dynamic bidding model of the power market based on the Nash equilibrium and a supply function. The new model is composed of different dynamic systems and semismooth equations by means of the nonlinear complementarity method. Comparing with those existing bidding models, the remarkable characteristic of the new model is twofold: First, it adopts a dynamic bid so that the bidding...
A dynamic bidding model of power markets is presented in this paper. The new model is composed of a difference dynamic system and the bounded constraints of bidding variables. The remarkable characteristics of the model include: (i) it adopts a process of dynamic adjustment bid where the limit point is the Nash equilibrium point; (ii) the transmission constraints of the network are considered; (iii)...
This paper presents a dynamic bidding model of power markets based on the supply function approach, which is composed of difference dynamic system and semismooth equations. Comparing with those existing bidding models, the remarkable characteristic of the new one is twofold: it adopts a process of dynamic adjustment bid where the limit point is the Nash equilibrium point; the transmission constraints...
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