Optimal Bidding Strategies for Load Server Entities in Electric Power Markets

2008 ◽  
Author(s):  
Goodarz Ghanavati ◽  
Saeid Esmaeili
Keyword(s):  
Electric Power ◽  
Power Markets ◽  
Bidding Strategies ◽  
Electric Power Markets ◽  
Optimal Bidding

scholarly journals Alternative Auction Institutions for Electric Power Markets

1998 ◽  
Vol 27 (2) ◽  
pp. 125-131 ◽  
Author(s):  
John C. Bernard ◽  
Timothy Mount ◽  
William Schulze
Keyword(s):  
United States ◽  
Electric Power ◽  
The United States ◽  
Power Markets ◽  
Wholesale Market ◽  
Short Term ◽  
Uniform Price Auction ◽  
Uniform Price ◽  
Electric Power Markets ◽  
Price Auction

Restructuring of electric power markets is proceeding across the United States and in many other nations around the world. The performance of these markets will influence everything from the prices faced by consumers to the reliability of the systems. The challenges of these changes present many important areas for research. For much of the northeastern United States, restructuring proposals include, at least for the short term, the formation of a single-sided auction mechanism for the wholesale market. This research uses experimental methods to analyze how these markets may function. In the experiments, the two basic uniform price auction rules are tested under three different market sizes. Early experimental results suggest the commonly proposed last-accepted-offer auction works well, but market power could be a real concern.

Discussion of "Gaming and price spikes in electric power markets" [and closure]

2002 ◽  
Vol 17 (2) ◽  
pp. 529-530
Author(s):  
D. Chattopadhyay ◽  
Xiaohong Guan ◽  
Yu-Chi Ho ◽  
D. Pepyne
Keyword(s):  
Electric Power ◽  
Power Markets ◽  
Electric Power Markets ◽  
Price Spikes
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