... marginal prices and consumers' demand elasticity. Generation companies aim to maximize their profit. The paper proposes an approach based on a bi-level optimization technique. A statement of a scheduling problem is formulated for the market environment. An algorithm for solving the problem by the bi-level technique is developed. A numerical example for one power system is presented to test the applicability of the technique and algorithm. © 2013 IEEE. входит
Теги: algorithm for solving , bi-level optimization , demand elasticities , electricity generation , electricity producers , generation scheduling , locational marginal prices , power system operations , algorithms
