A stochastic programming model for the optimal electricity market bid problem with bilateral contracts for thermal and combined cycle units
Thu, 10/09/2008 - 17:27 — admin
| Publication Type | Report |
| Year of Publication | 2008 |
| Authors | Heredia, F.-Javier, Rider, Marcos.-J., Corchero, C. |
| Pages | 18 |
| Date | 10/2008 |
| Reference | Group on Numerical Optimization and Modelling, E-Prints UPC, http://hdl.handle.net/2117/2282. UPC. |
| Prepared for | Accepted for publication in Annals of Operations Research (2011) |
| City | Barcelona |
| Key Words | combined cycle units; optimal bid; bilateral contracts; day-ahead market; electricity markets; stochastic programming; modeling language; research |
| Abstract | This paper developed a stochastic programming model that integrated the most recent regulation rules of the Spanish peninsular system for bilateral contracts in the day-ahead optimal bid problem. Our model allows a price-taker generation company to decide the unit commitment of the thermal and combined cycle programming units, the economic dispatch of the BC between all the programming units and the optimal sale bid by observing the Spanish peninsular regulation. The model was solved using real data of a typical generation company and a set of scenarios for the Spanish market price. The results are reported and analyzed. |
| URL | Click Here |
| Export | Tagged XML BibTex |
New publications
- Speculation – postponement strategies in supply chain network design problems: a modelling framework for new supply chain strategies through stochastic optimization
- Optimal Participation of Energy Communities in Electricity Markets under Uncertainty. A Multi-Stage Stochastic Programming Approach
- Optimal Participation of Energy Communities in Electricity Markets under Uncertainty. A Multi-Stage Stochastic Programming Approach
- Enhancing Shopping Centre Profitability through Optimized Tenant Mix and Synergistic Placement
- A model to optimize the tenant mix in a shopping centre
