Bidding decision-making in power markets requires generation companies to consider factors such as demand forecast level, competitor behavior, risk exposure degree, transmission network and generating unit physical constraints, market structure and its inter-relationships. The introduction of a derivatives market has added the interactions with spot market to the strategic bidding problem. As a large but fragmented mass of work has been produced on this subject in recent years, in this paper many contributions are reviewed in order to provide researchers with an interpretative framework useful for access to state-of-the-art.

Strategic Bidding with Spot and Derivatives Transaction. A Literature Review

BELLANDI, GIUSEPPE;MARTINI, ANTONELLA;PELLEGRINI, LUISA
2002

Abstract

Bidding decision-making in power markets requires generation companies to consider factors such as demand forecast level, competitor behavior, risk exposure degree, transmission network and generating unit physical constraints, market structure and its inter-relationships. The introduction of a derivatives market has added the interactions with spot market to the strategic bidding problem. As a large but fragmented mass of work has been produced on this subject in recent years, in this paper many contributions are reviewed in order to provide researchers with an interpretative framework useful for access to state-of-the-art.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11568/201764
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