Study on deregulated power market under energy supply companies changing bid strategy

Problems in deregulated power market are complex system engineering problem because any bidder can make the market change but no one can control the market completely. This paper presents how MCP is determined by PX and how many MCQ is changed under energy supply companies changing bid strategy. This research work is based on analysis on mechanisms of deregulated power market. A spectrum of formulas for calculating MCP and its change under energy supply companies changing their strategy are educed in the paper. Number testing results based on the formulas show that the formulas can describe the changes under energy supply companies changing their strategy in deregulated power market. The research work is useful to find the optimized bid strategy in the future. This project is supported by National Outstanding Young Investigator (No. 6970025).