•Multiple
markets, e.g.,
ØEnergy and
reserve markets
•Auction
design rules, e.g.,
ØPay-as-bid
versus uniform price
ØDeclining
cost curves allowed?
ØSequential
versus simultaneous
•Discontinuity/non-convexity
of generator costs
•Complex
operational restrictions
•Effect of
price uncertainty
ØPrice
volatility (not just its mean)
ØPrice
correlation over time and over markets