Power systems
Designing an Optimal Linear Bid Function in a Pay-as-Bid Electricity Market

Javid Khorasani; Ehsan Monabbati; Habib Rajabi Mashhadi

Volume 1, Issue 2 , September 2018, , Pages 133-142


  In this paper, the bidding problem in electricity markets is formulated from the viewpoint of a generation company. With focus on Iran's electricity market structure, the objective is to design an optimal linear bid function considering pay-as-bid pricing mechanism. The market clearing price is considered ...  Read More