Stochastic programming models for optimal bid strategies in the Iberian Electricity Market
Tue, 09/01/2009 - 13:56 — admin
| Publication Type | Conference Paper |
| Year of Publication | 2009 |
| Authors | F.-Javier Heredia; Cristina Corchero |
| Conference Name | The 20th International Symposium of Mathematical Programming (ISMP) |
| Conference Date | 23-28/08/2009 |
| Conference Location | Chicago |
| Type of Work | Invited oral presentation |
| Key Words | research; stochastic programming; electricity markets; day-ahead market; bilateral contracts; futures contracts; optimal bid |
| Abstract | The day-ahead market is not only the main physical energy market of Portugal and Spain in terms of the amount of traded energy, but also the mechanism through which other energy products, as bilateral (BC) and physical futures contracts (FC), are integrated into the Iberian Electricity Market (MIBEL) energy production system. We propose stochastic programming models that give the optimal bidding and BC and FC nomination strategy for a price-taker generation company in the MIBEL. Implementation details and some first computational experiences for small real cases are presented. |
| URL | Click Here |
| Export | Tagged XML BibTex |
| Attachment | Size |
|---|---|
| HerediaCorchero_ISMP09.pdf | 627.51 KB |
| ISMP letter Heredia.pdf | 37.68 KB |
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