Title :
Formulating bidding strategies to maximize GENCO profits
Author_Institution :
PCI, Raleigh, NC, USA
Abstract :
Summary form only given. The purpose for this IEEE panel session is to discuss the new challenges facing generation companies (GENCOs) when they start to operate within RTO or ISO environments. The following are covered: formulation of bidding strategies to maximize GENCO profits; building IT infrastructure to bid generation: bidding mechanisms for realizing hydro efficiencies in market operations; the experience with bidding generation in California; the impact of uncertainties on bidding strategies; and forecasting loads and prices for the New England Market. The basic bidding philosophies being used throughout the US and and the new application tools required to perform these functions are also covered.
Keywords :
costing; load forecasting; power generation economics; power markets; California; IT infrastructure; New England Market; bidding mechanisms; bidding strategies formulation; generation companies profits maximisation; hydro efficiencies; loads forecasting; market operations; prices forecasting; uncertainties; Costs; Economic forecasting; Fuels; Load forecasting; Portfolios; Power system modeling; Power system reliability; Uncertainty;
Conference_Titel :
Power Engineering Society Summer Meeting, 2002 IEEE
Conference_Location :
Chicago, IL, USA
Print_ISBN :
0-7803-7518-1
DOI :
10.1109/PESS.2002.1043571
