The bidding in power market is modeled as a two-level optimization problem, where in top level the ISO solves an optimal power flow (OPF) for maximizing the social welfare, and in the second level individual supplier (generator) seeks the maximum profits by the bidding of linear supply function to ISO.

The impacts of power suppliers learning behaviors on the market equilibrium under repeated linear supply function bidding are studied.

Research on existence of piecewise linear supply function equilibria in electricity markets;

To accurately simulate the dynamic decision-making of market participants,taking into account the inherent features of power network,the paper proposed a dynamic supply model of electricity market considering power network constraints based on the supply function approach and Nash equilibrium theory.

This thesis studies the influence of the price elactricity of demand in generation market based on supply function model.

It is found that in the unilateral open electricity market,the generation market equilibrium and the electricity market stabilization will be existent through the CfD between the grid company and the generators based on the supply function model.