Stochastic model of supplier bids pool at the energy spot price auction

Mathematical Modelling: Methods, algorithms, technologies
Authors:
Valynets Elena V. Orzhenovsky Mikhail V. Ivankov Alexey A.
Abstract:

Stochastic model was developed in order to identify the structure of supplier bids pool at the sealed-bid auction of energy spot price. The data on power generation committed by spot market participants to be in use for estimation.