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Proceedings of the 39th Annual Hawaii International Conference on System Sciences (HICSS'06) (2006)
Kauai, Hawaii
Jan. 4, 2006 to Jan. 7, 2006
ISSN: 1530-1605
ISBN: 0-7695-2507-5
pp: 242c
HyungSeon Oh , Cornell University
Robert J. Thomas , Cornell University
ABSTRACT
Problems such as price volatility have been observed in electric power markets. Demand-side participation is often offered as a potential solution by promising to increase market efficiency when hockey-stick type offer curves are present. However, individual end-consumer will surely value electricity differently, which makes demand-side participation as a group and at a bus difficult. In this paper demand is categorized into two groups: one that highly values reliability and the other that does not. The two types are modeled separately and a new optimal bidding function is developed and tested based on this model.
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CITATION

H. Oh and R. J. Thomas, "An Agent-Based Optimal Bidding Function," Proceedings of the 39th Annual Hawaii International Conference on System Sciences (HICSS'06)(HICSS), Kauai, Hawaii, 2006, pp. 242c.
doi:10.1109/HICSS.2006.43
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