Wang, Jianhui; Zhou, Zhi; Botterud, Audun - In: Energy 36 (2011) 5, pp. 3459-3467
In this paper we propose an evolutionary imperfect information game approach to analyzing bidding strategies in electricity markets with price-elastic demand. In previous research, opponent generation companies’ (GENCOs’) bidding strategies were assumed to be fixed or subject to a fixed...