bidding behaviour in pay-as-bid electricity auctions, such as the balancing mechanism of United Kingdom. Offer curves and mark … ; pay-as-bid auction ; discriminatory auction ; divisible good auction ; oligopoly ; electricity market …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction … as the number of steps increases, reconciling the apparently very disparate approaches to modelling electricity markets …. -- Auctions ; supply function equilibria ; convergence of step-functions ; electricity markets …

in a supplier.s cost sometimes result in a major change in the market price. In wholesale electricity markets, we predict …

We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity …

producers send less detailed cost information to the operator of the day-ahead market. Ideally centralized electricity markets … electricity markets, while most of Europe has decentralized wholesale electricity markets. The main problem with centralized …

Producers submit committed supply functions to a procurement auction, e.g. an electricity auction, before the uncertain …

England and Wales switched to a pay-as-bid auction with the intention of reducing wholesale electricity prices. Numerical … simultations of an electricity auction model have indicated that this should lead to decreased average prices. In this article we …