09 Participating in electricity markets

This is the ninth video of the course on power system economics taught by Prof. Daniel Kirschen. This video discusses how market participants bid in energy markets.

[shivkuma]

Daniel, can an infra-marginal player in general tend to under-commit in forward markets (or schedules) - which will tend to create upward pricing pressure... and then show up in RTM or intra-day markets with the rest of the quantity ? Assuming the extra production is accepted, will this be higher profits than just committing all production in day ahead markets?