Bidding strategies in oligopolistic dynamic electricity double-sided auctions

In this paper, the problem of developing bidding strategies in oligopolistic dynamic electricity double-sided auctions is studied. We model electricity double-sided auctions as dynamic systems and use Nash-Cournot strategies for the market participants (generating firms and load serving entities). Through simulation studies, we compare the efficiency and competitiveness of electricity double-sided auctions to those of electricity supplier-only auctions (using the developed bidding strategies).