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

Table 1

Literature summary.

Reference	Reseach object	Modeling method	Characteristic	Limitation
[9–11, 13]	Wind power plant, PV power plant or electric energy retailer, etc.	SO approaches	A large number of stochastic scenarios are generated to depict the uncertainties	Considerable computational effort, etc., would be caused.
[12, 14–17, 19, 20]	Wind-storage system, power system (with wind and PV penetrations), microgrid, CCHP, energy hub, etc.	RO and RO-related approaches	Stochastic scenarios are replaced with the continuous uncertainty set, which shows advantages of robustness improvement and relatively lower computational complexity	The RO-related studies for the optimal bidding strategy of a PPP in EM is still scarce at present