Bidding of Retail Electricity Market Considering Uncertainty of Forecasted Nodal Price

摘要

In a competitive retail electricity market, the bidding strategy based on a forecasted nodal price is important for individual generators to guarantee a successful bid. However, sufficient attentions have not been given to the uncertainty of the forecasted nodal price. This paper focuses on bidding strategy of individual generators considering uncertainty of the forecasted nodal price. The probability of the forecasted nodal price is used to derive the expected benefit of individual generators, based on which the generators’ self-benefit is maximized. The simulation results verify the effectiveness of the proposed method.