Market Power Mitigation
Often generators reside in load pockets where physical competition is constrained due to insufficient transmission. Virtual bidding allows virtual traders to compete to supply power within the constrained area. For this benefit to exist the type of virtual bidding must allow bid submission at the nodal level or at the constrained area level.
Read more about this topic: Virtual Bidding
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—Oscar Wilde (1854–1900)
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—Titus Livius (Livy)