IEEE - Institute of Electrical and Electronics Engineers, Inc. - Short-term electricity market auction game analysis: uniform and pay-as-bid pricing

Author(s): You Seok Son ; R. Baldick ; Kwang-Ho Lee ; Shams Siddiqi
Sponsor(s): IEEE Power Engineering Society
Publisher: IEEE - Institute of Electrical and Electronics Engineers, Inc.
Publication Date: 1 November 2004
Volume: 19
Page(s): 1,990 - 1,998
ISSN (Electronic): 1558-0679
ISSN (Paper): 0885-8950
DOI: 10.1109/TPWRS.2004.836192
Regular:

This paper analyzes the competing pricing mechanisms of uniform and pay-as-bid pricing in an electricity market. Game theory and auction theory are adopted to analyze the strategic behavior of a... View More

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