GenCos' strategic behavior monitoring on auction bidding based on state variables formulation

GenCos' strategic behavior monitoring on auction bidding based on state variables formulation

Generation companies (GenCos) are the key players in today's electricity markets. Their interactions are particularly important in studying market dynamics, market power and decision-making. This paper proposes GenCos' strategic behavior monitoring on auction bidding, based on state variab...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: Gutierrez-Alcaraz, G, Ramos-Trujillo, Raul A
Format: Tagungsbericht
Sprache:eng
Schlagworte:
Electricity Market
Market power
Monitoring
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Beschreibung
Zusammenfassung:Generation companies (GenCos) are the key players in today's electricity markets. Their interactions are particularly important in studying market dynamics, market power and decision-making. This paper proposes GenCos' strategic behavior monitoring on auction bidding, based on state variables. The analysis is founded on the dynamic properties - observability and controllability - of market clearing price.
DOI:10.1109/POWERCON.2010.5666626