PROJECT TITLE :

Strategic Bidding for a Large Consumer

ABSTRACT:

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.


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