Closure of "New Models for Integrated Short-Term Forward Electricity Markets".

This article discusses various issues related to the article "New Models for Integrated Short-Term Forward Electricity Markets," that was previously published in the May 2003 issue of the periodical "IEEE Transactions on Power Systems." The article, New Models, emphasizes on the importance of bid structure since it has major influence on the pricing of energy markets. The selection of bid structure in an energy market, however, involves compromises among various considerations such as simplicity of the market solution, price signal transparency, schedule efficiency, and many practical issues.