Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/232520 
Erscheinungsjahr: 
2020
Quellenangabe: 
[Journal:] Energy Economics [ISSN:] 0140-9883 [Volume:] 89 [Article No.:] 104784 [Publisher:] Elservier [Place:] Amsterdam [Year:] 2020 [Pages:] -
Verlag: 
Elservier, Amsterdam
Zusammenfassung: 
Short-term electricity markets are key to an efficient production by generation units. We develop a two-period model to assess different bidding formats to determine for each bidding format the optimal bidding strategy of competitive generators facing price-uncertainty. We compare the results for simple bidding, block bidding and multi-part bidding. We find that even under optimal simple and block bidding, generators face the risk of ex-post suboptimal solutions, whereas in multi-part bidding these do not occur. This points to efficiency gains of multi-part bidding in the presence of uncertainty in electricity markets.
Schlagwörter: 
Market design
Electricity markets
Bidding formats
Auctions
JEL: 
D44
D47
Q48
L94
Persistent Identifier der Erstveröffentlichung: 
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Dokumentart: 
Article
Dokumentversion: 
Published Version

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