The Power Plant Bidding Strategy in Contract Market

被引：0
|
作者：
Dong Fugui [1 ]
机构：
[1] North China Elect Power Univ, Beijing, Peoples R China
来源：
ADVANCED MATERIALS, MECHANICS AND INDUSTRIAL ENGINEERING | 2014年 / 598卷
关键词：
Electricity market; Contract market; Bidding; Game theory;
D O I：
10.4028/www.scientific.net/AMM.598.656
中图分类号：
TH [机械、仪表工业];
学科分类号：
0802 ;
摘要：
Owing to the fact that the power can not be stored directly and the supply must meet the demand in real time, the price of electricity is more volatile than other commodities. In order to hedge the risk, the power plant can sign the power sale contracts with big customers by the promissory price. Using the Bayesian equilibrium theory, this paper establishes the bidding models on two power plants competing for selling the electricity to the big customer. The computing result shows that the power plant's optimal bidding strategy equals to the mean of the competitor's ceiling bidding price and its own marginal cost.
引用
收藏
页码：656 / 660
页数：5
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