electricity market
Oferta òptima multi–mercat al Mercat Ibèric d'Electricitat.
Mon, 03/02/2009 - 18:25 — admin| Publication Type | Tesis de Grau i Màster // BSc and MSc Thesis |
| Year of Publication | 2009 |
| Authors | Eva Romero i Beneyto |
| Director | F.-Javier Heredia |
| Tipus de tesi | Tesi Final de Màster // MSc Thesis |
| Titulació | Màster en Enginyeria Matemàtica |
| Centre | Facultat de Matemàtiques i Estadística, UPC |
| Data defensa | 04/03/2009 |
| Nota // mark | 9 (over 10) E |
| Key Words | teaching; MEM; electricity market; multimarket; optimal offer; stochastic programming; MSc Thesis |
| Abstract | El present projecte analitza, estudia i desenvolupa diversos models multi - mercat estocàstics per al Mercat Ibèric d'Electricitat. A partir de l'artcile "Multimarket Optimal Bidding for a Power Producer" de Plazas et al, s'analitzen i es proposen diverses possibles millores: incorporació de costos quadràtics de generació i una nova definició de funció d'oferta. Aquestes millores es desenvolupen donant lloc un nou model competitiu amb l'anterior. Tenint en compte el reglament de MIBEL, i com a millora al primer proposat, finalment es desenvolupa un tercer model multi – oferta que contempla la definició de la funció d'oferta de forma esglaonada. Els resultats obtinguts mostren com la consideració de la determinació dels graons dins la pròpia modelització és rellevant respecte les funcions d'oferta obtingudes. |
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Optimal multimarket bid
Thu, 02/12/2009 - 18:13 — admin
Pla de treball:
Estudiar normativa mercat reserva (P.O. 7.2)- (CC) Modelització mercat de reserva: variables aleatòries rellevants-> arbres.
- (JH) Pensar com afecta secundària a l'oferta el mercat diari.
A decision support procedure for the short-term scheduling problem of a Generation Company operating on Day-Ahead and Physical Derivatives Electricity Markets
Thu, 02/12/2009 - 13:04 — admin| 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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A Short-term Scheduling Model for a Generation Company operating on Day-Ahead and Physical Derivatives Electricity Markets
Thu, 02/12/2009 - 12:36 — admin| Publication Type | Conference Paper |
| Year of Publication | 2009 |
| Authors | Vespucci, M.T.; Corchero, C.; Heredia, F.-Javier; Innorta, M. |
| Conference Name | Third FIMA International Conference |
| Conference Date | 19-22/01/2009 |
| Conference Location | Gressoney Saint Jean, Italy. |
| Editor | Federazione Italiana di Matematica Applicata |
| Type of Work | Invited oral presentation |
| Key Words | research; electricity markets; futures contracts; hydro-thermal |
| Abstract | A decision support procedure is developed for the short-term hydro-thermal resource scheduling problem of a Generation Company operating in the liberalized electric energy market and aiming at profit maximization. The generation company is supposed to be a price-taker, i.e. without influence on the electricity market price: therefore the profit maximization model of the problem faced by the GenCo must take into account both technical problems of generation and uncertainty of electricity prices. The power producer may hedge against the significant risk factor represented by energy market-price by participating in the Derivatives electricity Market. The derivatives products considered in this work are the futures contracts. T |
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Beca FPI-MICINN de doctorado en Mercados Eléctricos
Mon, 01/12/2009 - 12:15 — admin
(ATENCIÓN: CONVOCATORIA CERRADA Y RESUELTA) . ACCESO A LA CONVOCATORIA .
El Grupo de Optimitzación Numérica y Modelización (GNOM) del Departament d'Estadística I Investigació Operativa de la Universidad Poltécnica de Catalunya, dispone de una Beca de Formación de Personal Investigador (FPI) del Ministerio de Ciencia e Innovación, para la realización de una tesis doctoral dentro de un proyecto de investigación sobre Optimización de Mercados Eléctricos financiado por el Plan Nacional de I+D+i. La duración de la beca es de hasta cuatro años.
Optimal Bidding Strategies for Thermal and Generic Programming Units in the Day-ahead Electricity Market
Fri, 12/19/2008 - 10:57 — admin| Publication Type | Report |
| Year of Publication | 2008 |
| Authors | Heredia, F.-Javier, Rider, Marcos.-J., Corchero, C. |
| Pages | 12 |
| Date | 11/2008 |
| Reference | Research report DR 2008/13, Dept. of Statistics and Operations Research. E-Prints UPC, http://hdl.handle.net/2117/2468. Universitat Politècnica de Catalunya |
| Prepared for | Published on august 2010 at IEEE Transactions on Power Systems |
| Key Words | research; stochastic programming; electricity markets; day-ahead market, bilateral contracts; Virtual Power Plants; optimal bid |
| Abstract | This paper develops a stochastic programming model that integrates the day-ahead optimal bidding problem with the most recent regulation rules of the Iberian Electricity Market (MIBEL) for bilateral contracts, with a special consideration for the new mechanism to balance the competition of the production market, namely virtual power plants auctions (VPP). The 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 generic programming unit (GPU) and the optimal sale/purchase bids for all units (thermal and generic) observing the MIBEL regulation. The uncertainty of the spot prices is represented through scenario sets built from the most recent real data using scenario reduction techniques. The model was solved with real data from a Spanish generation company and spot prices, and the results are reported and analyzed. |
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A decision support for a Price-Taker producer operating on Day-Ahead and Physical Derivatives Electricity Markets
Wed, 12/17/2008 - 12:18 — admin| Publication Type | Report |
| Year of Publication | 2008 |
| Authors | Vespucci, M.T.; Corchero, C.; Innorta, M.; Heredia, F.-Javier |
| Pages | 10 |
| Date | 12/2008 |
| Reference | Working paper n12/MS-2008, Dipartimento di Ingegneria dell'Informazione e Metodi Matematici, Università degli Studi di Bergamo |
| City | Bergamo, Italy |
| Key Words | research; stochastic programming; electricity markets; futures contracts; hydro-thermal |
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