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CMOT
2000

Generation Supply Bidding in Perfectly Competitive Electricity Markets

13 years 10 months ago
Generation Supply Bidding in Perfectly Competitive Electricity Markets
This paper reports on the development of a comprehensive framework for the analysis and formulation of bids in competitive electricity markets. Competing entities submit offers of power and energy to meet the next day's load. We use the England and Wales Power Pool as the basis for the development of a very general competitive power pool (CPP) framework. The framework provides the basis for solving the CPP dispatcher problem and for specifying the optimal bidding strategies. The CPP dispatcher selects the winning bids for the right to serve load each period of the scheduling horizon. The dispatcher must commit sufficient generation to meet the forecasted load and reserve requirements throughout the scheduling horizon. All the unique constraints under which electrical generators operate including start-up and shut-down time restrictions, reserve requirements and unit output limits must be taken into account. We develop an analytical formulation of the problem faced by a bidder in ...
George Gross, David Finlay
Added 17 Dec 2010
Updated 17 Dec 2010
Type Journal
Year 2000
Where CMOT
Authors George Gross, David Finlay
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