Pumped-storage hydro-turbine bidding strategies in a competitive electricity market

@article{Lu2004PumpedstorageHB,
  title={Pumped-storage hydro-turbine bidding strategies in a competitive electricity market},
  author={Ning Lu and J. H. Chow and A. A. Desrochers},
  journal={IEEE Transactions on Power Systems},
  year={2004},
  volume={19},
  pages={834-841}
}
This paper develops optimal pumped-storage unit bidding strategies in a competitive electricity market. Starting from a weekly forecasted market clearing price curve, an algorithm to maximize the profit of a pumped-storage unit considering reserve bids is developed. A comparison between the optimal bidding strategy and a fixed-schedule weekly generating and pumping strategy is provided. 
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