Multi-segment Bidding Behaviors of Power Units: Price-capacity-pair Analysis and Modeling

With the deregulation of the power market, power units are allowed to make strategic biddings. The bidding results of the strategic bidding market are substantially different from the ones in the previous regulated market. Such differences in the bidding results will further have impacts on the power flow and system security. Thus, it is important to analyze and establish a model to simulate the bidding behaviors of the power units. This paper proposes a price-capacity-pairs model to simulate multi-segment bidding behavior. We select five vital factors that affect biddings behaviors as input: load, capacity, supply-demand ratio, bidders’ bidding tendency and unit type. Based on the three-segment bidding rule, the price-capacity pair is used. For uncertain price or capacity, we choose a truncated normal distribution model. Scenario generation and reduction are achieved by Monte Carlo simulation and fuzzy C-means clustering algorithm. We apply our method to a case study based on Guangdong’s market in China. The simulation of wind power units, coal power units and gas power units has verified the correctness of the model.