The Research On Gencos' Bidding Strategy Based On Learning Theory Of Game

Introducing the contents of learning theory of game firstly, then applying thethought and the principle of learning theory of game, establishes the Gencos' biddingand learning model. Through analyzing of the process of Gencos' bidding and the pricetrend in the power market, gives the effect of some factor——market demands, Gencos'learning ability and original state, price cap and price bottom closely relate between themarket demand and price cap on the Gencos' bidding strategy and the price trend in thepower market. Data analysis shows that the strategies of Gencos' biding and marketprice goes high as the increase of market demand, and the Gencos' biding goes to so highwhen the ratio of market demand and market supply be about 0.6;the conclusion alsoshows that the price cap restrains the high price availably and the effect of price bottomon Gencos' biding is unconspicuous. In the initial stages of power market, information,risk and bounded rational restrict the Gencos' biding action, but the bounded rationalGencos' have learning ability and the following bidding strategy. The regulator of thepower market should induct and restrict the Gencos' biding behave form aspect ofmarket trade rule.