The optimal bidding models for power energy producer based on Static Bayesian Game theory

With the increasingly perfect power market in China, competitive generation bidding based on contracts for differences has become a inevitable direction. Independent generator, as one of market competition participants, will operate with a goal of maximizing benefits and care for optimal bidding strategy considering contracts for differences. Based on power grid company pursuing minimum purchasing electricity charges, the paper constructs relationship matrix between the generation amount, bidding and the rivalpsilas, then with static Bayesian game theory establishes the optimal bidding model considering contracts for differences. By solving the model, the Bayesian Nash equilibrium of the bidding and power generation amount in system may be confirmed. Example shows the model is feasible, and it is useful for power producerpsilas decision.