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International Conference on Advanced Machine Learning Technologies and Applications

AMLTA 2019: The International Conference on Advanced Machine Learning Technologies and Applications (AMLTA2019) pp 400–405Cite as

Quoting Model Strategy of Thermal Power Plant Considering Marginal Cost

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Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 921))

Abstract

In the bidding market of the electricity market, most thermal power enterprises compete on the basis of marginal cost. In order to meet the needs of reform and development, thermal power generation enterprises must set up a set of practical bidding strategies to maximize the interests of enterprises while tapping potential and increasing efficiency and reducing costs to provide the basis for their competition in the electricity market. This paper first explains the theoretical basis of marginal cost bidding function. Then the mathematical model of the quotation is established. Finally, a concrete algorithm based on the mixed strategy model is given. The optimal value of the expected return of the generator is obtained to form the basis of quotation for the generator.

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Author information

Authors and Affiliations

  1. State Grid Liaoning Electric Power Co., Ltd., Shenyang, 110000, China

    Anlong Su, Shunjiang Wang, Kai Gao, Jun Yuan & Zhenjiang Lei

  2. Shenyang Institute of Engineering, Shenyang, 110136, China

    Mingyang Zhu

Authors
  1. Anlong Su
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  2. Mingyang Zhu
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  3. Shunjiang Wang
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  4. Kai Gao
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  5. Jun Yuan
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  6. Zhenjiang Lei
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Corresponding author

Correspondence to Anlong Su .

Editor information

Editors and Affiliations

  1. Faculty of Computers and Information, Cairo University, Giza, Egypt

    Aboul Ella Hassanien

  2. Faculty of Computers and Information, Benha University, Benha, Egypt

    Ahmad Taher Azar

  3. School of Computing, Science and Engineering, University of Salford, Salford, Greater Manchester, UK

    Tarek Gaber

  4. Department of Computer Science and Engineering, School of Computing and IT, Faculty of Engineering, Manipal University Jaipur, Jaipur, Rajasthan, India

    Roheet Bhatnagar

  5. Faculty of Computer and Information Science, Ain Shams University, Cairo, Egypt

    Mohamed F. Tolba

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Cite this paper

Su, A., Zhu, M., Wang, S., Gao, K., Yuan, J., Lei, Z. (2020). Quoting Model Strategy of Thermal Power Plant Considering Marginal Cost. In: Hassanien, A., Azar, A., Gaber, T., Bhatnagar, R., F. Tolba, M. (eds) The International Conference on Advanced Machine Learning Technologies and Applications (AMLTA2019). AMLTA 2019. Advances in Intelligent Systems and Computing, vol 921. Springer, Cham. https://doi.org/10.1007/978-3-030-14118-9_40

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