Solving electricity market quadratic problems by Branch and Fix Coordination methods
Fri, 09/16/2011 - 16:37 — admin
| Publication Type | Conference Paper |
| Year of Publication | 2011 |
| Authors | F.-Javier Heredia; Cristina Corchero; Eugenio Mijangos |
| Conference Name | 25th IFIP TC7 Conference on System Modeling and Optimization |
| Conference Date | 12-16/09/2011 |
| Conference Location | Berlin |
| Type of Work | contributed presentation |
| Key Words | research; optimal bid; day-ahead electricity market; branch and fix coordination; perspective cuts; bilateral contracts; futures contracts; stochastic programming |
| Abstract | The electric market regulation in Spain (MIBEL) establishes the rules for
bilateral contracts in the day-ahead optimal bid problem. Our model allows a
price-taker generation company to decide the unit commitment of the thermal units, the economic dispatch of the bilateral contracts between the thermal units and the optimal sale bids for the thermal units observing the MIBEL regulation. The uncertainty of the spot prices is represented through scenario sets. We solve this model on the framework of the Branch and Fix Coordination
metodology as a quadratic, two-stage stochastic problem. Numerical results are reported. |
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