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Optimal bid strategies for electricity auctions

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Abstract.

This work deals with strategy optimization for electricity producers. We consider two types of auctions used to maintain the real-time ballance for production and consumption of electricity. For both auction types, we calculate the market equilibrium and discuss its properties.

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Authors and Affiliations

  1. Mathematisches Institut, Universität Tübingen, 72076 Tübingen, Germany (e-mail: juri.hinz@uni-tuebingen.de), , , , , , DE

    Juri Hinz

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  1. Juri Hinz
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(Manuscript received: October 2002/Final version received: November 2002)

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Hinz, J. Optimal bid strategies for electricity auctions. Mathematical Methods of OR 57, 157–171 (2003). https://doi.org/10.1007/s001860200269

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  • DOI: https://doi.org/10.1007/s001860200269

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