A mixed-integer stochastic programming model for the day-ahead and futures energy markets coordination
Sat, 09/22/2007 - 12:55 — admin
| Publication Type | Conference Paper |
| Year of Publication | 2007 |
| Authors | Corchero, C.; Heredia, F. J. |
| Conference Name | EURO XXII: 2nd European Conference on Operational Reserach |
| Conference Date | 08/07/2007 |
| Publisher | The Association of European Operational Research Societies |
| Conference Location | Prague, Czech Republic |
| Type of Work | Oral presentacion |
| Key Words | stochastic programming; electricity markets; day-ahead market; future contracts; research |
| Abstract | The participation in spot-market and in financial markets has traditionally been studied independently but there are some evidences that indicate it could be interesting a joint approach. We propose a methodology based on stochastic mixed-integer programming to coordinate the day-ahead market and the physical futures contracts. It gives the optimal bid for the spot-market as long as the simultaneous optimization for power planning production and day-ahead market bidding for the thermal units of a price-taker generation company. Implementation details and some first computational experiences for small real cases are presented. |
| URL | Click Here |
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| Attachment | Size |
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| CorcheroHeredia_EUROXII_07.pdf | 572.55 KB |
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