Simulation on Bidding Strategy at Day-Ahead Market

<table class="table-group" width="800px"><tr class="fig-image" id="a"><td><img alt="764953.fig.009a" src="https://static.hindawi.com/articles/jie/volume-2014/764953/figures/764953.fig.009a.jpg"/></td></tr><tr class="fig-caption"><td align="center"><table><tr><td><b>(a) </b>Profit</td></tr></table></td></tr><tr class="fig-image" id="b"><td><img alt="764953.fig.009b" src="https://static.hindawi.com/articles/jie/volume-2014/764953/figures/764953.fig.009b.jpg"/></td></tr><tr class="fig-caption"><td align="center"><table><tr><td><b>(b) </b>Market clearing price</td></tr></table></td></tr><tr class="fig-image" id="c"><td><img alt="764953.fig.009c" src="https://static.hindawi.com/articles/jie/volume-2014/764953/figures/764953.fig.009c.jpg"/></td></tr><tr class="fig-caption"><td align="center"><table><tr><td><b>(c) </b>Contract amount of energy</td></tr></table></td></tr><tr class="fig-image" id="d"><td><img alt="764953.fig.009d" src="https://static.hindawi.com/articles/jie/volume-2014/764953/figures/764953.fig.009d.jpg"/></td></tr><tr class="fig-caption"><td align="center"><table><tr><td><b>(d) </b>Cost</td></tr></table></td></tr></table>

<table>Effect of speculation by GT and COAL2.</table>

Journal of Industrial Engineering

fig9

Figure 9

Figure 9: Simulation on Bidding Strategy at Day-Ahead Market 