A large generator's bids in an electrici
A large generator's bids in an electricity supply auction: Uniform pricing versus pay-as-bid pricing
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Yoshihiro Yamamoto; Etsuo Tezuka
📂
Article
📅
2007
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John Wiley and Sons
🌐
English
⚖ 374 KB
## 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