MATEC Web Conf.
Volume 139, 20172017 3rd International Conference on Mechanical, Electronic and Information Technology Engineering (ICMITE 2017)
|Number of page(s)||6|
|Published online||05 December 2017|
Applicability Analysis of Bidding Strategy in Electricity Market
1 Key Laboratory of Measurement and Control of Complex Systems of Engineering, Southeast University, Nanjing, 210096, PR China
2 Shanxi Electric Power Company, Xi’an, 710082, PR China
3 Hohai University, Nanjing, 210098, PR China
4 Chongqing Electric Power Company, Chongqing, 404100, PR China
* Corresponding author: email@example.com
With the development of the electricity market, competition has been introduced in the generation side. It is the overall development trend of the electricity market reformulation to optimize the allocation of different resources through bidding. Therefore, it is significant to research the bidding strategies of the generation companies and the large consumers. This paper reviews the existing research methods of bidding strategy. According to the different market mechanisms, the market participators will choose different bidding strategies based on their own cases. We analyze the applicability of bidding strategies under the different conditions, and give suggestions on how to select bidding strategy for the different market participators under different conditions.
© The Authors, published by EDP Sciences, 2017
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (http://creativecommons.org/licenses/by/4.0/).
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