A Study on Bidding Strategies in a Competitive Electricity Market

경쟁적 전력시장에서의 입찰 전략에 대한 연구

Power transactions are considered as noncooperative game in that participants compete each other to win the bidding game, and as cooperative game in that they have to cooperate to apply the result of bidding game to the physically interconnected power system. This paper applies both noncooperative and cooperative game theories in analyzing the entire process of power transaction.