The power market is a typical imperfectly competitive market where power suppliers gain higher profits through strategic bidding behaviors. Most existing studies assume that a power supplier is accessible to the sufficient market information to derive an optimal bidding strategy. However, this assumption may not be true in reality, particularly when a power market is newly launched. To help power suppliers bid with the limited information, a modified continuous action reinforcement learning automata algorithm is proposed. This algorithm introduces the discretization and Dyna structure into continuous action reinforcement learning automata algorithm for easy implementation in a repeated game. Simulation results verify the effectiveness of the proposed learning algorithm.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.