Robust Optimization Model for Photovoltaic Power Producer’s Bidding Decision-Making in Electricity Market

<div>Uncertainty set for PV power outputs (with <span class="nowrap"><svg height="8.68572pt" id="M56" style="vertical-align:-0.0498209pt" version="1.1" viewbox="-0.0498162 -8.6359 34.1655 8.68572" width="34.1655pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M485 501C480 550 475 615 475 650H42V622C119 616 127 606 127 525V126C127 44 119 34 41 28V0H311V28C220 34 212 43 212 126V584C212 612 216 615 244 615H318C382 615 404 608 420 587C435 568 445 541 455 497L485 501Z"></path></g><g transform="matrix(.013,0,0,-0.013,10.227,0)"><path d="M535 323V373H52V323H535ZM535 138V188H52V138H535Z"></path></g><g transform="matrix(.013,0,0,-0.013,21.49,0)"><path d="M412 140C382 77 369 73 315 73H129L270 222C362 320 402 379 402 466C402 571 322 635 234 635C177 635 130 609 99 576L42 495L64 475C90 514 133 568 201 568C274 568 318 519 318 435C318 349 255 267 193 193C144 135 87 78 32 23V0H405C417 45 427 89 440 131L412 140Z"></path></g><g transform="matrix(.013,0,0,-0.013,27.73,0)"><path d="M456 178V225H360V632H320C217 496 115 347 20 206V178H280V106C280 40 276 34 189 27V0H445V27C364 34 360 39 360 106V178H456ZM280 225H82C149 335 214 431 278 520H280V225Z"></path></g></svg>).</span></div>

Mathematical Problems in Engineering

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Figure 1

Figure 1: Robust Optimization Model for Photovoltaic Power Producer’s Bidding Decision-Making in Electricity Market 