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This study aims to solve optimal pricing and power bidding strategy problem for integrated combined heat and power (CHP) system by using a modified heuristic optimization algorithm.

In electricity markets, generation companies compete according to their bidding parameters; therefore, optimal pricing and bidding strategy are solved. Recently, CHP units are significantly operated by generation companies to meet power and heat, simultaneously.

For validation, it is shown that profit is improved by 0.04%–48.02% for single and 0.02%–31.30% for double-sided auctions. As heat price curve is extracted, the simulation results show that when CHP system is integrated with other units results in profit increase and emission decrease by 3.04%–3.18% and 2.23%–4.13%, respectively. Also, CHP units significantly affect bidding parameters.

The novelties are pricing and bidding strategy of integrated CHP system is solved; local heat selling is considered in pricing and bidding strategy problem and heat price curve is extracted; the effects of CHP utilization on bidding parameters are investigated; a modified heuristic and deterministic optimization algorithm is presented.

The purpose of this study is to solve the optimal operation strategy problem of plug-in electric vehicles (PEV) parking as a demand response (DR) program and hydro storage as an energy storage system in a smart grid environment using a heuristic algorithm.

Studying the smart grid with DR, renewable energy resources and energy storage systems is necessary. To do this, the heuristic optimization algorithm is developed to solve the scheduling problem. This deterministic algorithm benefits from the definition of appropriate fitness functions.

For validation, it is shown that reduction of 1.1%–12.5% in pollution and 8.8%–34.8% in total cost are achieved, as compared with literature. Also, the suggested operation strategy of PEVs parking and hydro storage results in reducing the total cost by 6.21%.

DR programs such as PEV parking play a major role in smart grid developments. Also, energy storage systems such as hydro storage lead to better performance of distributed generations and lower costs and pollution by thermal units. However, based on the literature, the effects of PEV parking and hydro storage on smart grid operation strategy are not considered. Therefore, contributions of this study are: effects of hydro storage on the smart grid are considered, effects of PEV parking on the smart grid are considered, a heuristic algorithm is developed to solve operation strategy problem for PEV parking and hydro storage in a smart grid environment.