Study On The Optimal Combination Bidding Strategy Of Power Suppliers

The research contents of this paper includes two parts. The first part analyzes the rational range of variable output of the bidder from the viewpoint of minimization of the loss of opportunity cost. And then with combination of order statistics and bidding theory, considers optimal bidding strategy under non-base auction. Considering the risk, the second part based on the bilateral contract market and day-ahead market (including day-ahead energy market and spinning reserve market), we consider the Conditional Value at Risk (CVaR) as the risk measure index and the object function, conclude the optimal bidding strategy of power suppliers in multi-period combination market at a certain confident level and the restriction conditions .