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math.OC2023
Intercept Function and Quantity Bidding in Two-stage Electricity Market with Market Power Mitigation
Rajni Kant Bansal, Yue Chen, Pengcheng You +1
Electricity markets typically operate in two stages, day-ahead and real-time. Despite best efforts striving efficiency, evidence of price manipulation has called for system-level m…
math.OC2023
Market Power Mitigation in Two-stage Electricity Market with Supply Function and Quantity Bidding
Rajni Kant Bansal, Yue Chen, Pengcheng You +1
The main goal of a sequential two-stage electricity market -- e.g., day-ahead and real-time markets -- is to operate efficiently. However, the price difference across stages due to…