Optimal bidding strategy for financial transmission right

被引：0
|
作者：
Yang, Dan [1 ]
Hallam, Arne [2 ]
Chen, Yanni [2 ]
Wang, Xiaoming [3 ]
Yang, Fan [4 ]
机构：
[1] Calif Independent Syst Operator, Folsom, CA 95630 USA
[2] Iowa State Univ, Dept Econ, Ames, IA 50011 USA
[3] Midwest independent Syst Operator, Carnel, IN 46032 USA
[4] Wuhan Univ, Sch Elect Engn, Wuhan 430072, Peoples R China
来源：
2006 INTERNATIONAL CONFERENCE ON POWER SYSTEMS TECHNOLOGY: POWERCON, VOLS 1- 6 | 2006年
关键词：
auction; electricity market; financial transmission right; market power; strategic bid;
D O I：
暂无
中图分类号：
TM [电工技术]; TN [电子技术、通信技术];
学科分类号：
0808 ; 0809 ;
摘要：
Financial Transmission Right (FTR) is an important tool to hedge transmission congestion charges in electricity market. The paper presents optimal bidding strategies for Financial Transmission Rights in an auction. In the FTR auction, FTR prices are affected by bidding prices from bidders; therefore, bidders may have market power to influence the auction clearing price by bidding strategically. In the proposed method, a conjectured price influence function is used to model bidders' market power on auction price. Market equilibrium is reached through the interaction among bidders and Independent System Operator (ISO) subject to bidders' strategic bidding. The numerical examples are shown to demonstrate the impact of bidders' market power on the FTR auction.
引用
收藏
页码：2347 / 2352
页数：6
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