Fuzzy Adaptive Particle Swarm Optimization for Bidding Strategy in Uniform Price Spot Market

  title={Fuzzy Adaptive Particle Swarm Optimization for Bidding Strategy in Uniform Price Spot Market},
  author={Prabodh Bajpai and S. N. Singh},
  journal={IEEE Transactions on Power Systems},
In a deregulated electricity market, generators have to optimally bid to maximize their profit under incomplete information of other competing generators. This paper addresses an optimal bidding strategy of a thermal generator in a uniform price spot market considering a precise model of nonlinear operating cost function and minimum up/down constraints of unit commitment. The bidding behaviors of other competing generators are described using normal probability distribution function. Bidding… CONTINUE READING
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