Optimal Demand-Side Bidding Strategies in Electricity Spot Markets

@article{Herranz2012OptimalDB,
  title={Optimal Demand-Side Bidding Strategies in Electricity Spot Markets},
  author={Ricardo Herranz and Antonio Munoz San Roque and Josex0301 Villar and Fco. Alberto Campos},
  journal={IEEE Transactions on Power Systems},
  year={2012},
  volume={27},
  pages={1204-1213}
}
This paper proposes a methodology for determining the optimal bidding strategy of a retailer who supplies electricity to end-users in the short-term electricity market. The aim is to minimize the cost of purchasing energy in the sequence of trading opportunities that provide the day-ahead and intraday markets. A genetic algorithm has been designed to optimize the parameters that define the best purchasing strategy. The proposed methodology has been tested using real data from the Spanish day… CONTINUE READING
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