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With repeated iteration, ADN bid volume changes smaller and smaller.
The definition of ADN bid volume is as follows.
So ADN bid volume and MCP can affect each other.
ADN agents determine DG coordinated schedule and send bid volume 'request' message to the MO agent.
(36) Step 6: ADN agent determines the bid volume (P_{ADN}^{l,t,w}).
The low ADN bid volume lead to a smaller MCP in the second iteration.
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Therefore, only bid volumes need to be determined when designing the strategy of ADN.
The scheduling of DERs and bid volumes is determined to minimize the total cost.
The bid volumes in energy and ancillary services market are shown in Fig. 5.
It shows that there are some deviations between the day-ahead bid volumes and actual shed load volumes.
By repeated exchanges of MCP and bid volumes between the two sides, a market equilibrium is achieved ultimately.
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