Comparison of flexible bidding and hourly bidding in the electricity market

Abstract Flexible bidding is an emerging electricity trading product in the Nordic spot market, which is different from hourly bidding and block bidding. It provides electricity generation enterprises and users with flexible and changeable electricity generation and consumption options and can reflect the electricity generation and demand-side behavior and habits of electricity generation and consumption, providing reference value for Chinese market participants to participate in the electricity market and demand-side response. This paper firstly introduces the two bidding models of hourly bidding and flexible block bidding; secondly, it introduces the market clearance model of flexible bidding; finally, it compares the differences between these two bidding approach.