Annual Report 2011-2012

Annual Research Report 2011-2012
Project Title:
Designing an optimal bidding software for Gilan regional
electricity company in order to optimal contribution in
electricity market
Department: Electricity management and Economics
Employer: Gilan regional electricity company (GREC)
Project Manager: peyman mousavi
Project Code:CMABG02
Project Staff:F.Fallahi, S.Davari, V.Vahidinasab, N.Mahdavi, L.Khorsand
Project Summary:
In order to be a successful player in electricity market of Iran, GREC have to play with
complete insight and knowledge about real cost of per Megawatt produced electricity,
market opportunities and be aware of its units potentials to choose the best strategy in
every time period so as to reach its targeted profit. This information includes the
following costs:
• Technical costs
• fixed costs such as investment and capital costs
• variable costs such as operation and maintenance costs (including fuel cost)
These costs have been calculating in different time periods with respect to operation
characteristics of system.
The main goal of this project was to design professional software that to be able to
process the production costs of each unit of GREC accurately based on attainable
information. Moreover, with the aid of Neural Network algorithms, our software is able
to run in both Web and Windows environment. Information is gathered from units
(daily or weekly) and after some analysis and evaluation, is represented via managerial
and expertise reports.
The second target of this project was to promote and enhance the place of GREC in
electricity market. So, with investigating the potential and performance of each unit and
foreseeing the behavior of other competitors, our software is able to analyze the
strategic behavior of others and to determine an optimal bidding for each hour of every
unit of GREC.
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