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Bidding strategies in electricity markets

Mielczarski, W. and Michalik, G. and Widjaja, Moeljono (2002) Bidding strategies in electricity markets. Proceedings of the 21st International Conference on Power Industry Computer Applications. Connecting Utilities. PICA 99. To the Millennium and Beyond (Cat. No.99CH36351).

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Official URL: https://ieeexplore.ieee.org/abstract/document/7793...

Abstract

In electricity markets organized as pools, electrical power producers provide offers (called sometimes bids) of power generation in defined price bands for every trading interval. Usually, the price offered reflects the variable cost of generation. Bidding behavior of market participants is determined by several factors. They include vesting and bilateral contracts, predicted demand, generation reserve, experience from the past and gaming attitudes. This paper analyses a typical bidding behavior of power generators in the Victorian and Australian national markets. Australia has a significant experience in designing of electricity market structures and construction of market simulators.

Item Type: Article
Subjects: 300 Social Sciences > 330 Economics > 333 Economics of Land and Energy
500 Science and Mathematic > 530 Physics > 537 Electricity and Electronics
Divisions: Fakultas Teknik Informatika > Program Studi Informatika
Depositing User: mr admin umn
Date Deposited: 15 Oct 2021 08:29
Last Modified: 15 Oct 2021 08:29
URI: http://kc.umn.ac.id/id/eprint/18817

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