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Quoting Model Strategy of Thermal Power Plant Considering Marginal Cost

  • Anlong SuEmail author
  • Mingyang Zhu
  • Shunjiang Wang
  • Kai Gao
  • Jun Yuan
  • Zhenjiang Lei
Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 921)

Abstract

In the bidding market of the electricity market, most thermal power enterprises compete on the basis of marginal cost. In order to meet the needs of reform and development, thermal power generation enterprises must set up a set of practical bidding strategies to maximize the interests of enterprises while tapping potential and increasing efficiency and reducing costs to provide the basis for their competition in the electricity market. This paper first explains the theoretical basis of marginal cost bidding function. Then the mathematical model of the quotation is established. Finally, a concrete algorithm based on the mixed strategy model is given. The optimal value of the expected return of the generator is obtained to form the basis of quotation for the generator.

Keywords

Marginal cost Quotation function Mixed strategy Quotation basis 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Anlong Su
    • 1
    Email author
  • Mingyang Zhu
    • 2
  • Shunjiang Wang
    • 1
  • Kai Gao
    • 1
  • Jun Yuan
    • 1
  • Zhenjiang Lei
    • 1
  1. 1.State Grid Liaoning Electric Power Co., Ltd.ShenyangChina
  2. 2.Shenyang Institute of EngineeringShenyangChina

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