The Modeling of Dynamic Optimal Bidding in Electricity Market of Iran

Abstract:

The main goal of this paper is to modeling of producers’ strategic

suggestions for each electricity manufacturer in an oligopolistic

structure. According to the proposed structure of the electricity

market modeling; this paper uses a dynamic model based on

cournot equilibrium. Due to the large volume of required

information, the implementation of the model is limited to a

regional electricity market and the model is be implemented in such

as a way to compare the results for low, medium and peak load

consumption. Market actors in the research are active power plants

in Isfahan electricity region and MATLAB software has been used

for solving the model. The empirical results of model with the

actual behavior of actors in selected hours have been compared and

finally by comparing the actual behavior of actors with the results

of the simulation model, the analysis and results are presented.

Accordingly it is clear that the producers did not use cournot

strategy. Although the proposed strategy can be more profitable for

them.