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

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most … as the number of steps increases, reconciling the apparently very disparate approaches to modelling electricity markets …