WIREs Energy and Environment
Bidding Strategies in Austrian and German Balancing Power Auctions

Bidding Strategies in Austrian and German Balancing Power Auctions

In the current Austrian and German market design, suppliers submit a three-dimensional bid that consists of a power offer (MW), a power bid (Euro/MW) and an energy bid (Euro/MWh). The scoring rule, which determines the winners of the auction, is based on the power bid exclusively, and pay-as-bid pricing is applied, i.e., an awarded bidder receives the bid figure.