Recognized as an indispensable player in the future electricity supply mix of China, photovoltaic (PV) power has experienced a fast expansion in recent years. Owing to the higher cost compared with traditional coal-fired power, financial subsidy is crucial for the development of PV power....

At present, designing a proper bidding mechanism to decrease the generators' market power is considered to be one of the key approaches to deepen the reform of the electricity market. Based on the signaling game theory, the paper analyzes the main electricity bidding mechanisms in the...