Optimal Bidding Strategies for Thermal and Combined Cycle Units in the Day-ahead Electricity Market with Bilateral Contracts

Tue, 09/08/2009 - 10:28 — admin

Publication Type	Conference Paper
Year of Publication	2009
Authors	Heredia, F.-Javier; Rider, Marcos.-J.; Corchero, C.
Conference Name	2009 Power Engineering Society General Meeting
Series Title	Proceedings of the Power Engineering Society General Meeting, 2009. IEEE
Volume	1
Pagination	1-6
Conference Date	26-30/07/2009
Publisher	IEEE
Conference Location	Calgary, Alberta, Canada
Editor	IEEE
Type of Work	Contributed oral presentation
ISSN Number	1944-9925
ISBN Number	978-1-4244-4241-6
Key Words	research; stochastic programming; electricity markets; day-ahead market, bilateral contracts; Combined Cycle Units; optimal bid
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 dayahead 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
DOI	10.1109/PES.2009.5275680
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Attachment	Size
HerediaRiderCorchero_PESGM09_presentation.pdf	150.29 KB
HerediaRiderCorchero_PESGM09_poster.pdf	90.69 KB
HerediaRiderCorchero_PESGM09_paper.pdf	427.35 KB

F.-Javier Heredia - Academic web site