Optimum Bidding Strategies
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1. OPTIMUM PRICE BIDDING STRATEGY IN THE SHORT-TERM MARKET OF HYDRO-DOMINATED ELECTRIC SYSTEMS / ESTRATÉGIA ÓTIMA DE OFERTA DE PREÇOS NO MERCADO DE CURTO PRAZO EM SISTEMAS COM PREDOMINÂNCIA HIDRELÉTRICA
In perfectly competitive markets, there are no loopholes that can be exploited by agents to maximize profit through non-competitive behavior. However, electricity markets look more like an oligopoly than perfectly competitive markets. If competition is not perfect, generation agents may try to establish optimum price bidding strategies to maximize profits. I
Publicado em: 2003