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Analysis
of Bidding Behavior: New York Control Area
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Analysis
of Bidding Behavior: New York Control Area
In light
of the current credit crunch and general industry malaise,
ESAI views the issue of asset optimization as critical for
participants moving forward in a market where speculation
has become a dirty word.
Companies
need to bid their generating assets dynamically according
to where they lie on the dispatch stack and what the elasticity
of demand is at that point. Generators should be developing
pricing policies that are integrated and that leverage all
available resources and inter-play opportunities.
ESAI's
recent study, Analysis of Bidding Behavior: New York
Control Area indicates that although some generators
in New York are trying to optimize the value of their asset,
the vast majority of market participants seems to disregard
optimization strategies and is content to let others determine
their asset revenue stream.
This important
finding refutes the belief held by many in the industry that
unit operators frequently attempt to manipulate power price
levels through their generator bid curves. In fact, ESAI's
study presents eight different bidding patterns that emerged
from the analysis, each with its own unique characteristics.
Cost:
$2,500.
For more
information or to order a copy, contact Jill Kinsley at
T: 781.245.2036; Email: jkinsley@esai.com.
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