Publication Type	Proceedings Article
Year of Publication	2013
Authors	F. -Javier Heredia; Cristina Corchero; Eugenio Mijangos
Conference Name	25th IFIP TC 7 Conference, CSMO 2011
Series Title	IFIP Advances in Information and Communication Technology
Volume	391
Pagination	511-520
Conference Start Date	12/09/2011
Publisher	Springer Berlin Heidelberg
Conference Location	Berlin
ISSN Number	1868-4238
ISBN Number	978-3-642-36062-6
Key Words	Liberalized Electricity Market; Optimal Bid Stochastic Programming; Quadratic Branch-and-Fix Coordination; research; paper; DPI2008-02153
Abstract	The electric market regulation in Spain (MIBEL) establishes the rules for bilateral and futures 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 and futures 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. In order to gain computational efficiency, we use scenario clusters and propose to use perspective cuts. Numerical results are reported.
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DOI	10.1007/978-3-642-36062-6_51
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The International Federation for Information Processing Technical Committee 7 - System Modeling and Optimization - arranges in a cycle of two years highly regarded conferences to several topics of Applied Optimization such as  Optimal Control of Ordinary and Partial Differential Equations, Modeling and Simulation, Nonlinear, Discrete, and Stochastic Optimization and Industrial Applications. This year the conference was celebrated in the Berlin Institute of Technology, and I participated with a contributed talk entitled "Solving electric market quadratic problems by Branch and Fix Coordination methods "