Research On Power Supplier's Bidding Strategy Evaluation And Its Related Issues In Electricity Market

Bidding strategy is a new problem emerged in electricity market. This paper firstly overviews development process of bidding strategy theory, and then summarize three kinds of traditional bidding theories in generation-side market. Principle and methods of bidding evaluation are introduced and a bidding evaluation indicator system was established which combined with available market information. After then, aims at the problem of generation capacity distribution between energy market and reserve market, portfolio theory was used in this paper to analyze:1) the relationship between energy market and reserve market, 2) distribution proportion of risk factor and energy market. The results show that decision of generation company should consider 1) accurate level of electricity prices estimation of energy and reserve market;2) relationship between energy and reserve market;3)the adoption of risk factor.