This letter presents a comprehensive fuzzy approach for maximizing a GenCo's profit in a competitive electricity market considering uncertainties. The market uncertainties considered are the demand, spinning and nonspinning reserves, market prices, and probability that reserves are called and generated. The proposed technique produces an optimal profit fuzzy function that reflects the market uncertainties and helps for hedging risks.
No takes yet. Share an insight, caveat, or question.
H.Y. Yamin (2005) studied this question.
Synapse has enriched 3 closely related papers on similar clinical questions. Consider them for comparative context: