{"title":"电力市场中的竞价策略","authors":"W. Mielczarski, G. Michalik, M. Widjaja","doi":"10.1109/PICA.1999.779387","DOIUrl":null,"url":null,"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.","PeriodicalId":113146,"journal":{"name":"Proceedings of the 21st International Conference on Power Industry Computer Applications. Connecting Utilities. PICA 99. To the Millennium and Beyond (Cat. No.99CH36351)","volume":"2 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1999-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"49","resultStr":"{\"title\":\"Bidding strategies in electricity markets\",\"authors\":\"W. Mielczarski, G. Michalik, M. Widjaja\",\"doi\":\"10.1109/PICA.1999.779387\",\"DOIUrl\":null,\"url\":null,\"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.\",\"PeriodicalId\":113146,\"journal\":{\"name\":\"Proceedings of the 21st International Conference on Power Industry Computer Applications. Connecting Utilities. PICA 99. To the Millennium and Beyond (Cat. No.99CH36351)\",\"volume\":\"2 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1999-05-21\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"49\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Proceedings of the 21st International Conference on Power Industry Computer Applications. Connecting Utilities. PICA 99. To the Millennium and Beyond (Cat. No.99CH36351)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1109/PICA.1999.779387\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Proceedings of the 21st International Conference on Power Industry Computer Applications. Connecting Utilities. PICA 99. To the Millennium and Beyond (Cat. No.99CH36351)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/PICA.1999.779387","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
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.