Analysis of bidding regulations and practices by gencos in competitive markets
Date of Issue2011
School of Electrical and Electronic Engineering
Competition is introduced into the power market when the industry underwent unprecedented changes and the structure of the power industry changed from government regulated utilities to deregulated companies. The participants of the power market can make their own profit and it becomes critical for them to make the optimal decisions. The generation companies are the most active participators who are involved in the bidding process in most markets. So the studies of bidding strategies are mostly from the generation side.
Nanyang Technological University