Impact of uncertainties on bidding strategies

Summary form only given, as follows. The author talks about the need to model uncertainties in formulating bidding strategies. He asks: can one determine a bidding strategy that maximizes the expected profits from both the day-ahead and hour-ahead markets?; and how much should one bid in the day-ahead market versus holding back and playing in the real-time market? He argues that, in order to properly address this issue, traders need to assess risks-volumetric risks caused by unit forced outages as well as market-price risks.