December 2004

32
R. Rajaraman. “Optimal Bidding Strategies in Electricity Markets”
Round 1: Everybody Bids Costs
A
B
C
Zone 1
Load=350 MW
Load=350 MW
Gen B:
100 MW @ $35/MWh
Gen A: 500 MW @ $20/MWh
Zone 2
Gen C2:
0 MW @ $55/MWh
Gen C1:
100 MW @ $25/MWh
Flow = 500 MW
Flow=250 MW
MCP = $20/MWh
MCP= $35/MWh