We consider an open electricity market with demand uncertainty. In this market, the generators each decide on a bidding price to maximize profit. Units are dispatched in order of the bid from lowest to highest until demand is satisfied. The market clearing ...
Market power is a prominent issue in the current debate about electricity industry restructuring. Market experiments I conducted with industry subjects via the Internet show the impact of seller concentration, demand-side bidding, and transmission ...
Smart grid systems have been actively discussed to realize a sustainable and a low-carbon society that efficiently consumes electric power and to introduce photovoltaic power generation, i.e., renewable energy or electric vehicles. In this study, we ...
International Foundation for Autonomous Agents and Multiagent Systems
Richland, SC
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