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A Comparison of Pay-As-Bid and Market-Clearing Price Bidding Processes in Electric Utility Auctions

✍ Scribed by Berry, Keith


Book ID
120600183
Publisher
John Wiley and Sons
Year
2013
Tongue
English
Weight
113 KB
Volume
35
Category
Article
ISSN
0143-6570

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## Abstract A pay‐as‐bid auction has been adopted in a balancing market under New Electricity Trading Arrangements in England and Wales since 2001 instead of a uniform price auction previously used in a day‐ahead pool market. In contrast, a spot market in Japan, where a general electric utility wou