Bidding Strategy of Virtual Power Plant for Participating in Energy and Spinning Reserve Markets-Part I: Problem Formulation

This paper addresses the bidding problem faced by a virtual power plant (VPP) in a joint market of energy and spinning reserve service. The proposed bidding strategy is a non-equilibrium model based on the deterministic price-based unit commitment (PBUC) which takes the supply-demand balancing const...

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Bibliographic Details

Published in:	IEEE transactions on power systems Vol. 26; no. 2; pp. 949 - 956
Main Authors:	Mashhour, E, Moghaddas-Tafreshi, S M
Format:	Journal Article
Language:	English
Published:	New York IEEE 01.05.2011 The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subjects:	Bidding strategy Computational modeling Density estimation robust algorithm Electricity energy market Europe Portfolios Power generation Spinning spinning reserve market virtual power plant
ISSN:	0885-8950, 1558-0679
Online Access:	Get full text
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