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 …