Applicability Analysis of Bidding Strategy in Electricity Market

Suyan Zhou, Fei Chen, Yahui Qiao, Wenzhe Zhang, Kaifeng Zhang, Kun Yuan, Xuemei Dai, Bing Xu, Yinong Chen
2017 MATEC Web of Conferences  
With the development of the electricity market, competition has been introduced in the generation side. It is the overall development trend of the electricity market reformulation to optimize the allocation of different resources through bidding. Therefore, it is significant to research the bidding strategies of the generation companies and the large consumers. This paper reviews the existing research methods of bidding strategy. According to the different market mechanisms, the market
more » ... tors will choose different bidding strategies based on their own cases. We analyze the applicability of bidding strategies under the different conditions, and give suggestions on how to select bidding strategy for the different market participators under different conditions.
doi:10.1051/matecconf/201713900103 fatcat:7ayp5nh2efghpiepd4nkr2ieqy