December 2004

25
R. Rajaraman. “Optimal Bidding Strategies in Electricity Markets”
Optimal Bidding Strategy
•Period 1:
ØBid 100 MW between $33 and $45 (say $44)
•
•Period 2 (only if selected in period 1)
ØStair 1: Bid 90 MW below $5
ØStair 2: Bid 10 MW at $30