@conference { ,
	title = {Optimal day-ahead bidding strategy with futures and bilateral contracts. Scenario generation through factor models},
	year = {2010},
	month = {11-14/07/2010},
	type = {Invited Presentation},
	address = {Lisboa},
	abstract = {We propose a stochastic programming model that gives the optimal bidding, bilateral (BC) and futures contracts (FC) nomination strategy for a price-taker generation company in the MIBEL. The objective of the study is to decide the optimal economic dispatch of the physical FC and BC among the thermal units, the optimal bidding at day-ahead market (DAM) abiding by the MIBEL rules and the optimal unit commitment that maximizes the expected profits from the DAM. For the uncertainty characterization, we apply the methodology of factors models to forecast market prices in a short-term horizon.},
	keywords = {research; electrical markets; stochastic programming; forecasting},
	URL = {http://euro2010lisbon.org/},
	author = {Cristina Corchero and F.-Javier Heredia and M.-Pilar Muņoz}
}

