THE RESEARCH OF THE BIDDING STRATEGY OF GENERATION CONSIDERING THE SPINNING RESERVE
Huang Wen-ying · Proceedings of the CSEE · 2004
From the viewpoint of minimization of the loss of opportunity cost, this paper analyzes the rational range of variable output of the bidder. Based on the forecast of the bidding strategy of rival and the market condition, the method chooses the bidding output and bidding price to get the maximum profit using the probability theory. Meanwhile, sign the option contract in the reserve market to ensure the safety of the system. An example is served for illustrating the presented method.