December 2004

12
R. Rajaraman. “Optimal Bidding Strategies in Electricity Markets”
Example 2:
Uncorrelated Price Forecast
HIGH=$30/MWh
Period 1
Period 2
LOW=$20/MWh
LOW=$15/MWh
HIGH=$40/MWh
Text Box: prob=0.5
prob=0.5
prob=0.5
prob=0.5
Text Box: prob=0.5
prob=0.5