December 2004

57
R. Rajaraman. “Optimal Bidding Strategies in Electricity Markets”
GenOptimizer Inputs (2)
•Time it takes for a hot generator to become cold
•Ramping rate of the generator
•Cost to start a cold generator vs. a hot generator
•Cost to shut down the generator from a low dispatch vs. a high dispatch
•Banking costs
•No-load costs
•Ramping costs
•Planned generator outages and must-run conditions
•