One of the most important issues of power suppliers is to find bidding strategy in day-ahead electricity auction market to maximize their profit. Usually, the strategies used by power suppliers are too complex to model them by standard techniques based on game theory. Q -learning algorithm can find the optimal strategy through agents' experience, which is obtained from interaction of environment directly. This property makes this algorithm well suitable for dealing with the decision-making problems of power suppliers. AMES, a famous open-source experimental platform, which gives researchers full access to implementation. In this work, a program module, which helps the agents make decision through Q -learning algorithm, has been added into the AMES. A five-bus power system is used for case studies. The results show that the economic characteristics of power suppliers can be simulated by the actions of agents who use Q -learning algorithm. Furthermore, under the same conditions, the Q -learning algorithm illustrates the better ability of exploration than VRE learning algorithm.
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Related Author
ZHANG Lei
LI Fei
ZHAN Ziao
LI Xianshan
LI Yapeng
ZHAO Lin
WANG Xiangzhen
ZHAO Zhipeng
Related Institution
Hubei Provincial Key Laboratory for Operation and Control of Cascaded Hydropower Station (China Three Gorges University)
College of Electrical Engineering & New Energy, China Three Gorges University
Institute of Hydropower System & Hydroinformatics, Dalian University of Technology
Dalian Research Center of Clean Energy Efficient Utilization & Electricity Market
Faculty of Electronic Information & Electrical Engineering, Dalian University of Technology