This paper presented a new bidding strategy with risk management for power plants based on chance-constrained programming.

How to utilize existing information to determine reasonable bidding strategy and to optimize its own economic benefit are important problems that each generation company has to be faced with.

In the first place,Scenario method and resource scheduling method are two bidding strategies for the price- taker.

Traditional unit commitment or hydrothermal scheduling problems have been integrated with generation resourcebidding, but the development of optimization based bidding strategies is only at a very preliminary stage.