December 2004
24
R. Rajaraman. “Optimal Bidding Strategies in Electricity Markets”
Example 4: Generator Parameters
•
Generator has incremental costs of
$30/MWh and no other costs
•
Generator minimum = 90 MW
•
Generator maximum = 100 MW
•
Generator is off-line currently
Ø
Once online, generator has to stay online for 2
consecutive periods