Optimal bid strategies for electricity auctions
type: Item
instance of: scholarly article
title: Optimal bid strategies for electricity auctions
zbMATH Open document ID: 1060.91053
author: Juri Hinz
published in: Mathematical Methods of Operations Research
publication date: 2003-06-26T00:00:00Z
review text: The author considers the pay-as-bid and the system-marginal price auctions at the real-time markets. Two different procedures are derived for price settlement by calculating the market equilibrium which is based on the notion of the saturated installed capacity. The method incorporates the different production technologies, the uncertainty of the electricity demand and the risk aversion of power producers.
Mathematics Subject Classification ID: 91B26
zbMATH DE Number: 1940562
zbMATH Keywords: electricity auction
zbMATH Keywords: equilibrium
reviewed by: Ernst G. Al'brekht
MaRDI profile type: Publication
full work available at URL: s001860200269
OpenAlex ID: W2107469982
DOI: 10.1007/S001860200269
description: scientific article; zbMATH DE number 1940562