research
Optimal day-ahead bidding strategy with futures and bilateral contracts. Scenario generation through factor models
Wed, 07/21/2010 - 15:14 — admin| Publication Type | Conference Paper |
| Year of Publication | 2010 |
| Authors | Cristina Corchero; F.-Javier Heredia; M.-Pilar Muñoz |
| Conference Name | 24th European Conference on Operational Research |
| Conference Date | 11-14/07/2010 |
| Conference Location | Lisboa |
| Type of Work | Invited Presentation |
| Key Words | research; electrical markets; stochastic programming; forecasting |
| Abstract | We propose a stochastic programming model that gives the optimal bidding, bilateral (BC) and futures contracts (FC) nomination strategy for a price-taker generation company in the MIBEL. The objective of the study is to decide the optimal economic dispatch of the physical FC and BC among the thermal units, the optimal bidding at day-ahead market (DAM) abiding by the MIBEL rules and the optimal unit commitment that maximizes the expected profits from the DAM. For the uncertainty characterization, we apply the methodology of factors models to forecast market prices in a short-term horizon. |
| URL | Click Here |
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24th European Conference on Operational Research
Wed, 07/21/2010 - 14:59 — admin
The 24th edition of the European Conference on Operational Research was held this year in Lisbon. I participate with two invited presentations. The first contribution "Optimal day-ahead bidding strategy with futures and bilateral contracts. Scenario generation by means of factor models", co-authored with Cristina Corchero , was presented in the Session Applications of stochastic programming to the energy sector-electricity. The second invited contribution, in collaboration with professor Eugenio Mijangos from the University of the Basque Country, was the work "Perspective cuts for solving the optimal electricity market bid problem with bilateral contracts", presented in the session Large-scale Mixed Optimization Problems. I also was the chairman of this last session.
7th Conference on the European Energy Market
Mon, 06/28/2010 - 16:10 — admin
The International Conference on the European Energy Market (EEM) is a premier forum to discuss the development of the energy sector in a market environment and the creation of the common European Energy Market.
The EEM 10 has been held in Madrid, Spain June 23-25 2010. Cristina Corchero, who is finishing her PhD on energy markets, and myself participated in the event with the presentation of the paper "Optimal Day-Ahead Bidding in the MIBEL's Multimarket Energy Production System", that will be published formerly by the IEEE Power and Energy Society at the IEEEXplore.
La recerca en investigació operativa / optimització a Catalunya
Mon, 06/28/2010 - 15:45 — admin| Publication Type | Book Chapter |
| Year of Publication | 2010 |
| Authors | F.-Javier Heredia |
| Editor | Manuel Castellet; Joan del Castillo; Xavier Jarque; Margarida Mitjana |
| Book Title | Llibre Blanc de la Recerca Matemàtica a Catalunya (2000-2009) |
| City | Barcelona |
| Publisher | Institut d'Estudis Catalans |
| Pages | 3 |
| Chapter | 6 |
| Language | Català |
| ISBN Number | 978-84-9965-009-8 |
| Key Words | research; catalunya; mathematics |
| URL | Click Here |
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KIC InnoEnergy CC Iberia
Mon, 06/28/2010 - 15:29 — admin| Publication Type | Conference/School/Seminar attendance |
| Year of Publication | 2010 |
| Authors | F.-Javier Heredia |
| Conference Name | KIC InnoEnergy CC Iberia |
| Event Type | Workshop |
| Conference Organiser | Universitat Politècnica de Catalunya |
| Conference Dates | 07/06/2010 |
| Conference Location | Barcelona, Spain |
| Key Words | research, power systems; renewables; sustainability |
| URL | Click Here |
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Optimal Day-Ahead Bidding in the MIBEL's Multimarket Energy Production System
Mon, 06/28/2010 - 15:17 — admin| Publication Type | Conference Paper |
| Year of Publication | 2010 |
| Authors | Cristina Corchero; F.-Javier Heredia |
| Conference Name | 7th Conference on European Energy Market EEM10 |
| Conference Date | 23-25/06/2010 |
| Conference Location | Madrid, Spain |
| Type of Work | Contributed Presentation |
| Key Words | research; multimarket; bilateral contracts; futures contracts; optimal bid; stochastic programming; MIBEL |
| Abstract | Abstract—A Generation Company (GenCo) can participate in the Iberian Electricity Market (MIBEL) through different mechanisms and pools: the bilateral contracts, the physical derivatives products at the Derivatives Market, the bids to the Day-Ahead Market, the Intraday Markets or the Ancillary Services Markets. From the short-term generation planning point of view, the most important problem to solve is the bidding strategy for the Day-Ahead Market (DAM) given that the 85% of the physical energy traded in Spain is negotiated in it, but this participation cannot be tackled independently of other subsequent markets. |
| URL | Click Here |
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Presentació del "Llibre blanc de la recerca matemàtica a Catalunya"
Thu, 06/10/2010 - 23:00 — admin
El dia 10 de juny es va celebrar a la seu de l'Intitut d'Estudis Catalans la presentació del "Llibre blanc de la recerca matemàtica a Catalunya", que recull l'activitat dels grups de recerca en matemàtiques de Catalunya durant el període comprés entre l'any 2000 i 2009. He tingut l'oportunitat de participar en aquest projecte amb la redacció del capítol "La recerca en optimització / investigació operativa a Catalunya"on es descriu quins son els grups de recerca de les diferents universitat catalanes que desenvolupen la seva activitat en l'àres de 'optimització/investigació operativa.
Nonlinear Network Flows with Side Constraints Applied to Short Term Hydrothermal Coordination of Electricity Generation
Fri, 05/28/2010 - 10:37 — admin| Publication Type | Proceedings Article |
| Year of Publication | 1992 |
| Authors | Heredia, F.-Javier; Nabona, N. |
| Conference Name | European Conference on Numerical Methods in Engineering '92 |
| Series Title | Proceedings of the First European Conference on Numerical Methods in Engineering |
| Pagination | 437-444 |
| Conference Start Date | 7/09/1992 |
| Publisher | Elsevier |
| Conference Location | Brussels, Belgium |
| Editor | Ch. Hirsch, O.C. Zienkiewicz, E. Oñate |
| ISBN Number | 0-444-89794-1 |
| Key Words | research; nonlinear network flows; side constraints; power systems; short-term hydrothermal OPF; paper |
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Optimal Bidding Strategies for Thermal and Combined Cycle Units in the Day-ahead Electricity Market with Bilateral Contracts
Fri, 05/28/2010 - 09:58 — admin| Publication Type | Proceedings Article |
| Year of Publication | 2009 |
| Authors | Heredia, F.-Javier; Rider, Marcos.-J.; Corchero, C. |
| Conference Name | 2009 Power Engineering Society General Meeting |
| Pagination | 1-6 |
| Conference Start Date | 26/07/2010 |
| Publisher | IEEE |
| Conference Location | Calgary |
| ISSN Number | 1944-9925 |
| ISBN Number | 978-1-4244-4241-6 |
| Key Words | research; Electricity spot-market; bilateral contracts; combined cycle units; optimal bidding strategies; short-term electricity generation planning; stochastic programming; paper |
| Abstract | This paper developed a stochastic programming model that integrated the most recent regulation rules of the Spanish peninsular system 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 and combined cycle programming units, the economic dispatch of the BC between all the programming units and the optimal sale bid by observing the Spanish peninsular regulation. The model was solved using real data of a typical generation company and a set of scenarios for the Spanish market price. The results are reported and analyzed. |
| URL | Click Here |
| DOI | 10.1109/PES.2009.5275680 |
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New web page of the GNOM research group
Thu, 03/25/2010 - 12:45 — admin
The Group on Numerical Optimization and Modeling (GNOM) has now a new web page at
This new site has been developed with Plone under the GenWeb framework of the UPC (http://genweb.upc.edu/).
I proudly invite you to visit this new site, where all the relevant information about our research and teaching activity will be shown. You can also sindicate to the RSS channel.
Hope you like it!!
