Bidding Strategies: Game Theory & Market Power

In course

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Description

This lecture introduces bidding strategies in power systems, focusing on Game Theory (GT) and its variations. It covers the optimization method for solving decision problems, strategic bidding to maximize profit, and methods like Nash equilibrium. It also discusses system security requirements, ancillary services, and market power phenomena in power systems.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_5aeb79ph

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