Research Of Bidding Simulation For Generation Companies Based On The Analysis Of Market Power

Though the simulation of electricity market, the supervisor can forecast the speculative behavior of generation companies, and the generation companies can also study and make bidding strategies. As a part of imitated system for electricity market, the paper study the bidding strategies of generation companies basing on the analysis of market power.First, the paper recites details of researches done in this domain. Then, it analyzes the causes and mechanism of the market power and shows the methods of evaluating market power. This sect sets a basement for the following chapters. With the analysis above, the Monte Carlo Algorithm is used in imitating the market power from generation companies, and the Genetic Algorithm is used in calculating the bidding strategy model. Final, it is testified available to use both the model and methods by imitating a predigested power market.