A Generation Company (GenCo) can participate in the Iberian Electricity Market (MIBEL) through different mechanisms and pools: the bilateral contracts, the physical derivatives
products at the Derivatives Market, the bids to the Day-Ahead Market, the Intraday Markets or the Ancillary Services Markets.
From the short-term generation planning point of view, the most important problem to solve is the bidding strategy for the Day-
Ahead Market (DAM) given that the 85% of the physical energy traded in Spain is negotiated in it, but this participation cannot be tackled independently of other subsequent markets.
CitationCorchero, C.; Heredia, F.-Javier. Optimal day-ahead bidding strategy in the MIBEL's multimarket energy production system. A: International Conference on the European Energy Market. "7th International Conference on the European Energy Market". Madrid: 2010.
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