Efficient Solution of Optimal Multimarket Electricity Bid Models
Mon, 05/30/2011 - 15:59 — admin
| Publication Type | Proceedings Article |
| Year of Publication | 2011 |
| Authors | Cristina Corchero; F.-Javier Heredia; Eugenio Mijangos |
| Conference Name | 8th International Conference on the European Energy Market (EEM11) |
| Series Title | To be published in the IEEEXplore |
| Pagination | 244-249 |
| Conference Start Date | 25/05/2011 |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. |
| Conference Location | Zagreb, Croatia |
| Editor | Marko Delimar |
| ISBN Number | 978-1-61284-286-8/11 |
| Key Words | spot electricity markets; financial electricity markets; Iberian Electricity Market; stochastic programming; perspective cuts; research; DPI2008-02153; paper |
| Abstract | Short-term electricity market is made up of a sequence of markets, that is, it is a multimarket enviroment. In the case of the Iberian Energy Market the sequence of major short-term electricity markets are the day-ahead market, the ancillary service market or secondary reserve market (henceforth reserve market), and a set of six intraday markets. Generation Companies (GenCos) that participate in the electricity market could increase their benefits by jointly optimizing their participation in this sequence of electricity markets. This work proposes a stochastic programming model that gives the GenCo the optimal bidding strategy for the day-ahead market (DAM), which considers the benefits and costs of participating in the subsequent markets and which includes both physical futures contracts and bilateral contracts. |
| URL | Click Here |
| DOI | 10.1109/EEM.2011.5953017 |
| Export | Tagged XML BibTex |
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