ABSTRACT
Li, J.J. and Zhao, L.F., 2020. Game analysis of hydropower bidding under incomplete information. In: Guido Aldana, P.A. and Kantamaneni, K. (eds.), Advances in Water Resources, Coastal Management, and Marine Science Technology. Journal of Coastal Research, Special Issue No. 104, pp. 398–401. Coconut Creek (Florida), ISSN 0749-0208.
In this paper, the law of price formation in hydropower market is explored from the perspective of incomplete information, in order to realize the research objectives of determining the reasonable electricity price by designing a fair online competition mechanism of electrical energy to effectively restrain the market power of power plants. The game analysis on spot market shows the volatility and uncertainty of on-grid price under the change of market demand. The analysis of actual cases proves that the selection of different auction mechanisms by power grid will affect the selection of competition strategies by power plants, thus further affecting the balanced development of on-grid price.
