S. Vani, R. Kopperundevi, T. Thilagavathi, R. K. A. Presath, R. Rajathy
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OPF-based Market clearing procedure using Bacterial Foraging Algorithm and auction-based Market clearing procedures in a pool based electricity market — A comparison
This paper proposes an Optimal Power Flow (OPF) based Market clearing procedure using the Bacterial Foraging Optimization Algorithm (BFOA). A comparison is made between the proposed method and the auction-based method. The IEEE 30 bus system is taken for case study. It is found that the OPF method is more reliable for setting the price of electricity in a pool based electricity market compared to the auction-based method.
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