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In an open competitive electricity market generators (suppliers) and large consumers (buyers) need a suitable bidding strategy to maximize their own profit. Therefore, each generator (supplier) and large consumer (buyers) will have to bid strategically under incomplete information of other rival generators. This initiated a significant research effort by the researchers and practitioners in deregulated electricity market throughout the world. As a part of this, many authors have presented different methodologies and tools to solve the bidding strategy problem in a competitive electricity market. The purpose of this paper is to provide an overview of optimal bidding strategy for GENCOs and Large consumers in deregulated electricity market. This paper also presents a literature review based on optimal bidding strategy applied so far in the area of power system deregulation.
"A Literature Review on Bidding Strategy in a Deregulated Electricity Market", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.3, Issue 7, page no.215 - 218, July-2018, Available :http://www.ijrti.org/papers/IJRTI1807033.pdf
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator