Richstein, Jörn C.; Lorenz, Casimir; Neuhoff, Karsten - In: Energy Economics 89 (2020)
assess different bidding formats to determine for each bidding format the optimal bidding strategy of competitive generators … facing price-uncertainty. We compare the results for simple bidding, block bidding and multi-part bidding. We find that even … under optimal simple and block bidding, generators face the risk of ex-post suboptimal solutions, whereas in multi …