File Download
There are no files associated with this item.
Supplementary

Citations:
 Scopus: 0
 Appears in Collections:
Article: Conceptual study on applying optimal control theory for generator bidding in power markets
Title  Conceptual study on applying optimal control theory for generator bidding in power markets 

Authors  
Keywords  Bidding Nonlinear periodic system Optimal control Power markets Sensitivity analysis 
Issue Date  2005 
Citation  Dianli Xitong Zidonghua/Automation Of Electric Power Systems, 2005, v. 29 n. 12, p. 16 How to Cite? 
Abstract  Generator strategic bidding problem in deregulated power markets has been well studied, but the common drawback is that all of them only consider the generators' myopic behavior. Considering the market dynamics and generators' longterm optimization behavior, this paper presents a conceptual and pioneer study on applying the optimal control theory for the generator bidding in power markets. In particular, the system demand is treated as a periodic function, and the generator bidding process is modeled as a dynamic, nonlinear and feedback system, where the market clearing price is the feedback signal. After that, it is assumed that one supplier will make the long term optimization, then its output is taken as the system control variable, and other generators' outputs are taken as the system state variables, and the market clearing price is the system output. Doing so, a standard optimal control problem is obtained, and a software package MISERS is used for numerically solving it. The performance of optimal control is studied, and a complete sensitivity analysis of system parameters is given with some interesting conclusions obtained. 
Persistent Identifier  http://hdl.handle.net/10722/73851 
ISSN  2015 SCImago Journal Rankings: 0.772 
References 
DC Field  Value  Language 

dc.contributor.author  Liu, YF  en_HK 
dc.contributor.author  Wu, FF  en_HK 
dc.contributor.author  Teo, KL  en_HK 
dc.date.accessioned  20100906T06:55:22Z   
dc.date.available  20100906T06:55:22Z   
dc.date.issued  2005  en_HK 
dc.identifier.citation  Dianli Xitong Zidonghua/Automation Of Electric Power Systems, 2005, v. 29 n. 12, p. 16  en_HK 
dc.identifier.issn  10001026  en_HK 
dc.identifier.uri  http://hdl.handle.net/10722/73851   
dc.description.abstract  Generator strategic bidding problem in deregulated power markets has been well studied, but the common drawback is that all of them only consider the generators' myopic behavior. Considering the market dynamics and generators' longterm optimization behavior, this paper presents a conceptual and pioneer study on applying the optimal control theory for the generator bidding in power markets. In particular, the system demand is treated as a periodic function, and the generator bidding process is modeled as a dynamic, nonlinear and feedback system, where the market clearing price is the feedback signal. After that, it is assumed that one supplier will make the long term optimization, then its output is taken as the system control variable, and other generators' outputs are taken as the system state variables, and the market clearing price is the system output. Doing so, a standard optimal control problem is obtained, and a software package MISERS is used for numerically solving it. The performance of optimal control is studied, and a complete sensitivity analysis of system parameters is given with some interesting conclusions obtained.  en_HK 
dc.language  eng  en_HK 
dc.relation.ispartof  Dianli Xitong Zidonghua/Automation of Electric Power Systems  en_HK 
dc.subject  Bidding  en_HK 
dc.subject  Nonlinear periodic system  en_HK 
dc.subject  Optimal control  en_HK 
dc.subject  Power markets  en_HK 
dc.subject  Sensitivity analysis  en_HK 
dc.title  Conceptual study on applying optimal control theory for generator bidding in power markets  en_HK 
dc.type  Article  en_HK 
dc.identifier.email  Wu, FF: ffwu@eee.hku.hk  en_HK 
dc.identifier.authority  Wu, FF=rp00194  en_HK 
dc.description.nature  link_to_subscribed_fulltext   
dc.identifier.scopus  eid_2s2.022344447525  en_HK 
dc.identifier.hkuros  101556  en_HK 
dc.relation.references  http://www.scopus.com/mlt/select.url?eid=2s2.022344447525&selection=ref&src=s&origin=recordpage  en_HK 
dc.identifier.volume  29  en_HK 
dc.identifier.issue  12  en_HK 
dc.identifier.spage  1  en_HK 
dc.identifier.epage  6  en_HK 
dc.publisher.place  China  en_HK 
dc.identifier.scopusauthorid  Liu, YF=22835324100  en_HK 
dc.identifier.scopusauthorid  Wu, FF=7403465107  en_HK 
dc.identifier.scopusauthorid  Teo, KL=35569785000  en_HK 