Title :
Strategic bidding in competitive electricity markets: a literature survey
Author :
David, A.K. ; Wen, Fushuan
Author_Institution :
Dept. of Electr. Eng., Hong Kong Polytech. Univ., Kowloon, China
Abstract :
Participants in a competitive electricity market develop bidding strategies in order to maximize their own profits. On the other hand, it is necessary for regulators to investigate strategic bidding behavior in order to identify possible market power abuse and to limit such abuse by introducing appropriate market management rules. An interesting body of work has been done on this subject, and this paper presents a literature survey based on more than 30 research publications
Keywords :
electricity supply industry; power system economics; competitive electricity markets; literature survey; market management rules; market power abuse limitation; strategic bidding; Costs; Electricity supply industry; Energy management; Load management; Microeconomics; Oligopoly; Power generation; Power generation economics; Power markets; Power supplies;
Conference_Titel :
Power Engineering Society Summer Meeting, 2000. IEEE
Conference_Location :
Seattle, WA
Print_ISBN :
0-7803-6420-1
DOI :
10.1109/PESS.2000.866982
