1 publication

• Published Subscription 3 Jun 2020

  An Optimal Bidding Strategy for Social Welfare Maximization of Microgrid

  By Ankit Kumar Singh, Rajesh Panda, Prashant Kumar Tiwari

  Abstract: Competition in power markets implies benefit to the generators as well as customer. The uncertain nature of bids and behavior of renewables makes the bidding strategy more complex. The power market comprises of Generation companies (GENCOS), Transmission companies (TRANSCOs) and Distribution companies (DISCOs) which actively participate in the auction process. In this paper, a new bidding strategy for a microgrid in day-ahead market is proposed for social welfare maximization considering …

  Published in Journal Of Network security · Vol. 8, Issue 1, 2020 · pp. 11–21 Read article →