Energy
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.