December 2004

56
R. Rajaraman. “Optimal Bidding Strategies in Electricity Markets”
GenOptimizer Inputs
•Energy and reserve price forecasts
•Price volatilities
•Fuel costs
•Generator heat rate
•Minimum and maximum energy dispatch constraints
•Maximum reserve dispatch constraints
•Likelihood that offered reserve services will be called
•Start up time of a cold generator vs. a hot generator
•Minimum down time of a generator