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In power market, accurate electricity price forecasting can help all market participants make optimal bidding or purchasing decisions and maximize their revenue. In recent years, much attention has been focused on the short-term electricity price forecasting. Based on the theory of ARMA-GARCH model, the paper divides the constant day series into working day series and holiday series. Then the models...
Generation capacity investment holds the origin of the electric power supply chain, and creates significant impacts on the reliability of power supply service. Based on the system dynamics theory, this paper builds up a model that describes the development of electric power generation investment, and uses the model to perform the dynamic simulation of generation capacity investment in different market...
The character of energy distribution and power demand in our country determines the development strategy of power delivery from the West to the East. As the essential energy base, the Northwest is one of the most important power out-going areas. To guarantee the implementation of China's Western campaign and power delivery from the West to the East and realize the optimization allocation of energy,...
The economic efficiency evaluation of electrical power market modeled by game theory, stated as a mixed nonlinear optimization problem, is solved using the ant colony algorithm (ACA). As a heuristic approach, ACA has proven to be robust when applied to global optimization problems of a combinatorial nature. In this work, generation companies (GenCo) join the power market in the form of grand coalition...
The standard electricity market of "grid separating from the generation, competing price to supply the electricity" has greatly enhanced the transaction enthusiasm of the whole market members and the efficiency of the market. However, at the same time, local blocks of electricity transmission networks have enormously been intensified, which causes the fluctuation of electricity prices and...
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