Pay-as-bid pricing in combined pool / bilateral electricity markets

I. Kockar, P. Cuervo Franco, F. Galiana

Research output: Contribution to conferencePaper

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In the context of combined pool/bilateral operation of electricity markets, this paper compares two pricing strategies; pay-as-bid strategy defines three types of services: bilateral contract generation, transmission loss and congestion management required by the bilateral contracts, and pool demand generation including associated transmission loss and congestion
Original languageEnglish
Number of pages8
Publication statusPublished - Jun 2002
Event14th Power Systems Computation Conference - Seville, Spain
Duration: 24 Jun 200228 Jun 2002


Conference14th Power Systems Computation Conference
CitySeville, Spain


  • pay-as-bid
  • pricing
  • combined pool
  • bilateral
  • electricity markets

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