A Short-term Scheduling Model for a Generation Company operating on Day-Ahead and Physical Derivatives Electricity Markets

Thu, 02/12/2009 - 12:36 — admin

Publication Type	Conference Paper
Year of Publication	2009
Authors	Vespucci, M.T.; Corchero, C.; Heredia, F.-Javier; Innorta, M.
Conference Name	Third FIMA International Conference
Conference Date	19-22/01/2009
Conference Location	Gressoney Saint Jean, Italy.
Editor	Federazione Italiana di Matematica Applicata
Type of Work	Invited oral presentation
Key Words	research; electricity markets; futures contracts; hydro-thermal
Abstract	A decision support procedure is developed for the short-term hydro-thermal resource scheduling problem of a Generation Company operating in the liberalized electric energy market and aiming at profit maximization. The generation company is supposed to be a price-taker, i.e. without influence on the electricity market price: therefore the profit maximization model of the problem faced by the GenCo must take into account both technical problems of generation and uncertainty of electricity prices. The power producer may hedge against the significant risk factor represented by energy market-price by participating in the Derivatives electricity Market. The derivatives products considered in this work are the futures contracts. T
URL	Click Here
Export	Tagged XML BibTex

Attachment	Size
VespucciCorcheroHerediaInorta_IIIFIMA_09.pdf	119.5 KB

F.-Javier Heredia - Academic web site