Study of impacts, of physical contracts and financial contracts on bidding strategies of GENCOs

被引：13

作者：

Chen, XL

He, Y

Song, YH ^{[1
]}

Nakanishi, Y

Nakanishi, C

Takahashi, S

Sekine, Y

机构：

[1] Brunel Univ, Brunel Inst Power Syst, Uxbridge UB8 3PH, Middx, England

[2] Sichuan Elect Power Co, Chengdu, Sichuan, Peoples R China

[3] Fuji Elect Grp, Fuji, Shizuoka, Japan

来源：

INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS | 2004年 / 26卷 / 09期

关键词：

electricity markets; bidding strategy; contract; risk management;

D O I：

10.1016/j.ijepes.2004.06.001

中图分类号：

TM [电工技术]; TN [电子技术、通信技术];

学科分类号：

0808 ; 0809 ;

摘要：

This paper studies the impacts of physical contracts and financial contracts on the bidding strategies of GENCOs, including Physical Bilateral Contracts, Contracts for Difference (CfDs), Call Options and Put Options under discriminatory pricing mechanism. The integrated bidding decision model is applied, which has three main modules-probabilistic local marginal price simulator, market-oriented unit commitment model and multi-criteria decision system. The numerical results show that the GENCO will choose different bidding strategies if it holds different types of contract. The results also suggest that CfDs have the best performance for risk alleviation. (C) 2004 Elsevier Ltd. All rights reserved.

引用

页码：715 / 723

页数：9

共 18 条

[1] Financial risk management in a competitive electricity market [J].