The degree of rationality in actual bidding of hydropower at Nord Pool

Publikation: Bidrag til bog/antologi/rapport › Konferencebidrag i proceedings › Forskning › fagfællebedømt

Standard

The degree of rationality in actual bidding of hydropower at Nord Pool. / Alnæs, Erik Nicholas; Grøndahl, Roger; Fleten, Stein-Erik ; Boomsma, Trine Krogh.

10th International Conference on the European Energy Market (EEM)),: Stockholm, Sweden, 27-31 May 2013. IEEE, 2013.

Publikation: Bidrag til bog/antologi/rapport › Konferencebidrag i proceedings › Forskning › fagfællebedømt

Harvard

Alnæs, EN, Grøndahl, R, Fleten, S-E & Boomsma, TK 2013, The degree of rationality in actual bidding of hydropower at Nord Pool. i 10th International Conference on the European Energy Market (EEM)),: Stockholm, Sweden, 27-31 May 2013. IEEE. https://doi.org/10.1109/EEM.2013.6607389

APA

Alnæs, E. N., Grøndahl, R., Fleten, S-E., & Boomsma, T. K. (2013). The degree of rationality in actual bidding of hydropower at Nord Pool. I 10th International Conference on the European Energy Market (EEM)),: Stockholm, Sweden, 27-31 May 2013 IEEE. https://doi.org/10.1109/EEM.2013.6607389

Vancouver

Alnæs EN, Grøndahl R, Fleten S-E, Boomsma TK. The degree of rationality in actual bidding of hydropower at Nord Pool. I 10th International Conference on the European Energy Market (EEM)),: Stockholm, Sweden, 27-31 May 2013. IEEE. 2013 https://doi.org/10.1109/EEM.2013.6607389

Author

Alnæs, Erik Nicholas ; Grøndahl, Roger ; Fleten, Stein-Erik ; Boomsma, Trine Krogh. / The degree of rationality in actual bidding of hydropower at Nord Pool. 10th International Conference on the European Energy Market (EEM)),: Stockholm, Sweden, 27-31 May 2013. IEEE, 2013.

Bibtex

@inproceedings{480407f159a84f27919cbdeb4e96ab8e,
title = "The degree of rationality in actual bidding of hydropower at Nord Pool",
abstract = "In deregulated electricity markets, power producersbid to sell tomorrow's generation in day-ahead auctions. We analyse bids submitted by three medium to large sized Norwegian reservoir hydropower producers over four two-week periods in 2011. Being price takers, the producers maximize their profits by bidding their marginal cost. Additionally, production must respect both external market rules and internal technical and hydrological restrictions when bidding. Patterns in the submitted bids are found and explanations for the bidding behavior are given. Furthermore, potential irrationalities in the bidding arerevealed.",
author = "Aln{\ae}s, {Erik Nicholas} and Roger Gr{\o}ndahl and Stein-Erik Fleten and Boomsma, {Trine Krogh}",
year = "2013",
doi = "10.1109/EEM.2013.6607389",
language = "English",
isbn = "978 -1-4799-2008-2",
booktitle = "10th International Conference on the European Energy Market (EEM)),",
publisher = "IEEE",

}

RIS

TY - GEN

T1 - The degree of rationality in actual bidding of hydropower at Nord Pool

AU - Alnæs, Erik Nicholas

AU - Grøndahl, Roger

AU - Fleten, Stein-Erik

AU - Boomsma, Trine Krogh

PY - 2013

Y1 - 2013

N2 - In deregulated electricity markets, power producersbid to sell tomorrow's generation in day-ahead auctions. We analyse bids submitted by three medium to large sized Norwegian reservoir hydropower producers over four two-week periods in 2011. Being price takers, the producers maximize their profits by bidding their marginal cost. Additionally, production must respect both external market rules and internal technical and hydrological restrictions when bidding. Patterns in the submitted bids are found and explanations for the bidding behavior are given. Furthermore, potential irrationalities in the bidding arerevealed.

AB - In deregulated electricity markets, power producersbid to sell tomorrow's generation in day-ahead auctions. We analyse bids submitted by three medium to large sized Norwegian reservoir hydropower producers over four two-week periods in 2011. Being price takers, the producers maximize their profits by bidding their marginal cost. Additionally, production must respect both external market rules and internal technical and hydrological restrictions when bidding. Patterns in the submitted bids are found and explanations for the bidding behavior are given. Furthermore, potential irrationalities in the bidding arerevealed.

U2 - 10.1109/EEM.2013.6607389

DO - 10.1109/EEM.2013.6607389

M3 - Article in proceedings

SN - 978 -1-4799-2008-2

BT - 10th International Conference on the European Energy Market (EEM)),

PB - IEEE

ER -

ID: 98968751