A Reinforcement Learning Method for Power Suppliers' Strategic Bidding with Insufficient Information

Autor: Qiangang Jia, Zhaoyu Hu, Yiyan Li, Zheng Yan, Sijie Chen
Rok vydání: 2021
Předmět:
Zdroj: 2021 IEEE Power & Energy Society General Meeting (PESGM).
DOI: 10.1109/pesgm46819.2021.9638178
Popis: Power suppliers can exercise market power to gain higher profit. However, this becomes difficult when external information is extremely rare. To get a promising performance in an extremely incomplete information market environment, a novel model-free reinforcement learning algorithm based on the Learning Automata (LA) is proposed in this paper. Besides, this paper analyses the rationality and convergence of the algorithm in case studies based on the Cournot market model.
Databáze: OpenAIRE