Strategic Bidding for a Large Consumer


The smart grid technology enables an increasing level of responsiveness on the demand side, facilitating demand serving entities—large consumers and retailers—to acquire their electricity desires under the simplest conditions. Such entities generally exhibit a proactive role in the pool, seeking to obtain their energy desires at minimum price. At intervals this framework, we propose a mathematical model to help large shoppers to derive bidding strategies to change pool costs to their own benefit. Representing the uncertainty concerned, we develop a stochastic complementarity model to derive bidding curves, and show the benefits of such bidding theme with respect to non-strategic ones.

Did you like this research project?

To get this research project Guidelines, Training and Code... Click Here

PROJECT TITLE : Usage of Machine Learning for Strategic Decision Making at Higher Educational Institutions ABSTRACT: Higher Educational Institutions (HEIs) make policies, plans, and actions that are influenced by strategic decisions
PROJECT TITLE :Strategic scheduling of energy storage for load serving entities in locational marginal pricing marketABSTRACT:Price-effective approaches of storing electrical energy on a large-scale can facilitate the grid operate
PROJECT TITLE :Leveraging Strategic Detection Techniques for Smart Home Pricing CyberattacksABSTRACT:In this work, the vulnerability of the electricity pricing model in the smart home system is assessed. Two closely related pricing
PROJECT TITLE :Strategic Offering for a Price-Maker Wind Power Producer in Oligopoly Markets Considering Demand Response ExchangeABSTRACT:This paper proposes an giving strategy for a wind power producer (WPP) that participates
PROJECT TITLE :Strategic Threat Probabilities with Hierarchical Spatiotemporal PredictionsABSTRACT:Once several years concerned in unconventional warfare and an increase in fiscal constraints, quantitative support for call creating

Ready to Complete Your Academic MTech Project Work In Affordable Price ?

Project Enquiry