A bilevel optimization shows that a single zero-price quantity bid by renewable producers can replicate the system-optimal outcome of any multi-price bidding curve in two-settlement markets, and it cuts simulated NYISO costs by 36%.
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Optimizing Bidding Curves for Renewable Energy in Two-Settlement Electricity Markets
A bilevel optimization shows that a single zero-price quantity bid by renewable producers can replicate the system-optimal outcome of any multi-price bidding curve in two-settlement markets, and it cuts simulated NYISO costs by 36%.