A decision support procedure for the short-term scheduling problem of a Generation Company operating on Day-Ahead and Physical Derivatives Electricity Markets
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| Publication Type | Conference Paper |
| Year of Publication | 2008 |
| Authors | Vespucci, M.T.; Corchero, C.; Innorta, M.; Heredia, F.-Javier |
| Conference Name | 43rd Euro Working Group on Financial Modelling Meeting |
| Conference Date | 4-5/09/2008 |
| Publisher | Euro Working Group on Financial Modelling |
| Conference Location | Cass Business School, City University, London |
| Type of Work | Invited oral presentation |
| Key Words | research; electricity markets; day-ahead; futures contracts; hydro-thermal |
| Abstract | In this paper we develop a decision support procedure for a Price-Taker producer operating on Day-
Ahead and Physical Derivatives Electricity Markets. The management of the electricity generation
companies and their operation in the liberalized electricity market on a short-term horizon is an interesting
problem in continuous evolution. Specifically, the incorporation of the Electricity Derivatives Market is the natural improvement in the Electricity Day-Ahead Markets in most countries in the world. Therefore, the inclusion of the management of derivatives products in generation company models is also a natural improvement of them. In this work, the derivatives products studied are the futures contracts. |
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