Day-ahead electricity market equilibrium computing using competitive coevolutionary algorithms

Abstract EN

in this paper, a competitive coevolutionary approach based on the concept of Evolution stable strategies is used to analysis a day-ahead market.

The day-ahead market is considered as a mixed bilateral / pool market, where participants can sign for forward bilateral contracts several months in advance from its delivery, and have to take part to the spot market 24h prior of the delivery.

We consider market participants interaction as an evolutionary game played by bounded agents, adapting their strategies to maximize their profits in a competitive environment.

Under the effect of the competition, the coevolved agents are led toward an equilibrium point where each agent population is invaded by an Evolutionary stable Strategy.