Participation in the 12th International Conference on the European Energy Market

 The International Conference on the European Energy Market  is the premier forum for the exchange of ideas and to discuss the development of the energy markets in Europe. It has achieved a huge success during the past eleven editions covering the electricity and gas markets policies and experiences, climate change impacts on the sector and developments at the European level. In 2015, the EEM was hosted by ISEL - Instituto Superior de Engenharia de Lisboa in cooperation with the Technical University of Lodz. I contributed to this conference with the presentation of the following two works:

Visit of prof. Eugenio Mijangos to UPC-BarcelonaTech

 Professor Eugenio Mijangos was visiting prof. F.-Javier Heredia at the UPC-BarcelonaTech research gropu GNOM during November 27 to 28 to start-up the tasks related with the research project FOWGEM . As a result, they are going to undertake the application of the implementation of the BFC algorithm developped by professor Mijangos to solve the multistage stochastic programming model for the multimarket optimal generation bid formulated by prof. Heredia and Dr. Corchero described in the work Efficient solution of optimal multimarket electricity bid models (Corchero, Heredia, Mijangos, DOI: 10.1109/EEM.2011.5953017). This is a previous step for the resolution of the IOGET model.

Participation in the 20th Conference of the International Federation of Operational Research Societies (IFORS2014)

 On July 2014 Barcelona hosted the 20th Conference of the International Federation of Operational Research Societies (IFORS2014), one the most important meetings of the international OR community. The 20th edition of this conference was organized by the OR community in the different universities of Catalonia, under the leadership of prof. Elena Fernández, from the UNiversitat Politècnica de Catalunya-BarcelonaTech. I had the opportunity to contribute to this event as a member of the Organizing Committee as well as organizing a very successfull stream on Optimization Models and Algorithms in Energy Industry (28 contributions), together with my friend and colleague Dr. Cristina Corchero (Catalonian Institute for Energy Research, IREC). I also presented the work Stochastic Optimal Bid to Electricity Markets with Emission Risk Constraints, co-authored with Julián Cifuentes , a former student of the Master in Statistics and Operations Research, and Dr. Cristina Corchero.

Two new master thesis on optimal operation of microgrids in electricity markets.

 Wind rose diagram ((c) Leire Citores)On June 2014 two new Master Thesis of the Master of Statistcs and Operations Research UPC-UB   was presented   

  • A stochastic programming model for the tertiary control of microgrids by Ms. Leire Cítores.
  • Energy Management System para una microrred domestica con participación en los servicios auxiliares de red by Ms. Irune Etxarri.
  • Dr. Cristina Corchero (IREC) and professor F.-Javier Heredia (GNOM) were the advisors of these two works developped at the facilities of the Catalonia Institute for Energy Research (IREC).

    Oferta de beca de tesis doctoral sobre optimitzación en mercados eléctricos.

    ReutersEl Grupo de Optimización Numérica y Modelización (GNOM, SGR-2014-542) del Departamento de Estadística e Investigación Operativa de la UPC, busca candidatos que deseen presentarse a la convocatoria  de becas de doctorado FI-DGR 2015 de la Generalitat de Catalunya para la realización de una tesis doctoral sobre optimización matemática en mercados eléctricos.

    La tesis doctoral se desarrollará en el grupo de investigación GNOM ( dentro del proyecto  Forecasting and Optimization of Wind Generation in Energy Markets (FOWGEM, MTM2013-48462-C2-1-R) financiado por el Programa Estatal de I+D+i Orientada a los Retos de la Sociedad del Gobierno de España. Su objetivo es el desarrollo teórico e implementación computacional de algoritmos especializados de optimización matemática para problemas de programación mixta cuadrática de grandes dimensiones. Dichos algoritmos se aplicarán a la resolución de problemas reales de programación estocástica de oferta óptima al mercado eléctrico de compañías productoras en el mercado ibérico de electricidad con generación eólica. El trabajo se realizará bajo la dirección del profesor F.-Javier Heredia Cervera.

    A new paper published in IEEE Transactions on Smart Grids

    ie3sgThe paper Optimal Energy Management for a Residential Microgrid Including Vehicle-to-Grid System has been published in IEEE Transactions on Smart Grids. This work, done in collaboration with the Energy Economics group of the Catalonian Institute for Energy Research (IREC), proposes an optimization model to manage a residential microgrid including a charging spot with a vehicle-to-grid system and renewable energy sources. A preprint version of the paper can be downloaded from

    New national-funded research project

    Wind farmThe research project Forecasting and optimization of wind generation in energy markets (FOWGEM) has been accepted for granting by the Spanish's National Program of R+D+i for the Challenges of the Society. This is a project coordinated by the Universitat Politècnica de Catalunya (the project leaders are prof. Ma. Pilar Muñoz and prof. F.-Javier Heredia) in collaboration with the Universidad Pontificia de Comillas (where the leader is leader prof. Andrés Ramos). Besides these two universities, several other universities and electrical utilities from Spain and abroad participate in the project: 

    • Universities: Universitat Autònoma de Barcelona (Catalonia, Spain); Euskal Herriko Unibersitatea (Basc Country, Spain); Universidade Paulista Júlia de Mesquita Filho (Brasil); North Carolina State University (USA).
    • Electrical Utilities and research centers: Iberdrola, Gas Natural - Fenosa, Catalonia Institute for Energy Research
    Project FOWGEM aims at aplying a global approach to the problem of the optimal integration of the wind-enery generation of a generation company in the wholesale electricity market through the combination of statistical forecasting models, mathematical programming models for electricity markets and advanced large-scale optimization algorithms.

    Master Thesis on optimal location of electric vehicle fast charging stations

    AndinaMiss Andina R. Brown defended last February 2014 the master thesis A multi-objective approach to infrastructure planning in the early stages of EV introduction. This thesis was developped at the Energy Economics Research Group of the Catalonia Institute for Energy Research (IREC) and the advisor were Dr. Cristina Corchero (IREC) and professor F.-Javier Heredia (GNOM). This study deals with the problem of a central planner wishing to install fast charging stations for electric vehicles applying a multi-objective approach to a real-case instance of the city of Barcelona.

    New research reports on energy markets and smartgrids.

    The following three research reports on energy markets and smartgrids has been recently submitted for publication:

    • Residential microgrid (from Igualada et. al Sacripante, F.-Javier Heredia, Cristina Corchero, Stochastic optimal sale bid for a wind power producer,Research Report DR 2013/06 Dept. of Statistics and Operations Research. E-Prints UPC, Universitat Politècnica de Catalunya, 2013.
    • F.-Javier Heredia, Julian Cifuentes, Cristina Corchero, Stochastic optimal generation bid to electricity markets with emission risk constraints, Research Report DR 2013/05 Dept. of Statistics and Operations Research. E-Prints UPC, Universitat Politècnica de Catalunya, 2013.
    • Lucia Igualada, Cristina Corchero, Miguel Cruz-Zambrano, F.-Javier Heredia, Optimal energy management for a residential microgrid including a vehicle-to-grid systemResearch Report DR 2013/04 Dept. of Statistics and Operations Research. E-Prints UPC, . Universitat Politècnica de Catalunya, 2013.

    New paper published in the International Statistical Review.

     The paper Improving Electricity Market Price Forecasting with Factor Models for the Optimal Generation Bid has been recently published in the journal International Statistical Review (preprint available at ).  In this article, we apply forecasting factor models to the market framework in Spain and Portugal and study their performance. Although their goodness of fit is similar to that of autoregressive integrated moving average models, they are easier to implement. The second part of the paper uses the spot-price forecasting model to generate inputs for a stochastic programming model, which is then used to determine the company's optimal generation bid. This work is a partial result of the tasks developped in the research project DPI2008-02153 of the MINECO.
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