Determining the optimal bid direction of a generation company using the gradient vector of the profit function in the network constraints of the electricity market
Abstract One of the primary challenges faced by generation companies (GenCos), which operate multiple generation units within the electricity market, is the determination of the optimal bid price for these units to maximize profit. This paper proposes a novel approach to ascertain the optimal bid pr...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2024-11-01
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| Series: | IET Generation, Transmission & Distribution |
| Subjects: | |
| Online Access: | https://doi.org/10.1049/gtd2.13280 |
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