A study of approach for best bidding price in competitive power market

Considering importance of determining the appropriate price in power market in this paper presented a pricing strategy for the optimal producer company in the perfectly competitive power market with uniform settlement law. Based on this strategy if power optimal producer company, Consider its bidding price about actual cost of production, the company will reach to all objectives. To prove this strategy, we simulate a power system by Q-Learning algorithm that results proved this strategy. The strategy also has been proved by logical mathematical principles.