Simulation on Bidding Strategy at Day-Ahead Market

<table class="table-group" width="800px"><tr class="fig-image" id="a"><td><img alt="764953.fig.0013a" src="https://static.hindawi.com/articles/jie/volume-2014/764953/figures/764953.fig.0013a.jpg"/></td></tr><tr class="fig-caption"><td align="center"><table><tr><td><b>(a) </b>Profit</td></tr></table></td></tr><tr class="fig-image" id="b"><td><img alt="764953.fig.0013b" src="https://static.hindawi.com/articles/jie/volume-2014/764953/figures/764953.fig.0013b.jpg"/></td></tr><tr class="fig-caption"><td align="center"><table><tr><td><b>(b) </b>Market clearing price</td></tr></table></td></tr><tr class="fig-image" id="c"><td><img alt="764953.fig.0013c" src="https://static.hindawi.com/articles/jie/volume-2014/764953/figures/764953.fig.0013c.jpg"/></td></tr><tr class="fig-caption"><td align="center"><table><tr><td><b>(c) </b>Contract amount of energy</td></tr></table></td></tr><tr class="fig-image" id="d"><td><img alt="764953.fig.0013d" src="https://static.hindawi.com/articles/jie/volume-2014/764953/figures/764953.fig.0013d.jpg"/></td></tr><tr class="fig-caption"><td align="center"><table><tr><td><b>(d) </b>Cost</td></tr></table></td></tr></table>

<table>Effect of operating constraint. (Demand with sensitivity.)</table>

Journal of Industrial Engineering

fig13

Figure 13

Figure 13: Simulation on Bidding Strategy at Day-Ahead Market 