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Generation companies are most concerned about that how to build optimal bidding strategy in order to maximize profits in a competitive electricity market. Building bidding strategy through estimating and simulating the uncertain information in market is one of the main methods to solve the problem. In wholesale competition electricity market which demand sides participate in demand sides and generation...
This paper provides a framework to obtain some optimal strategies according to different risk analysis and decisions. An optimization process is used to find the optimal production for forecasted price and several boundary prices which are defined based on different confidence level of price probability distribution. Market participants would select their most interesting prices related to its attitude...
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