Study on Bidding Strategy of Generation Company based on Order Statistic
基于次序统计量的发电公司竞价策略研究

Based on the hypothesis that the bid variables of the rivals are stochastic variables drawn from same empirical distribution,electric power bidding are analyzed by game models under certain and uncertain electric power market demand with Bayesian game theory and order statistic principle,then the bidding strategys of generation company are deduced by solving the models.At last,a numerical example that the electric power bidding market consists of five generation company is presented,and the conclusion is obtained that equilibrium bid of generation company is close to upper limit permitted,or rises with its generation cost's increasing in low-level bid.