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Bilevel optimization applied to strategic pricing in competitive electricity markets
Fampa, Márcia Helena C.; Nobrega Barroso, Luiz Augusto; Candal Reis Fernandes, Denise; Simonetti, Luidi Gelabert (01/03/2008)In this paper, we present a bilevel programming formulation for the problem of strategic bidding under uncertainty in a wholesale energy market (WEM), where the economic remuneration of each generator depends on the ability ...