DPI2008-02153
Project DPI2008-02153: 2on year progress meeting with Gas Natural Fenosa
Tue, 12/28/2010 - 19:18 — admin| Publication Type | Conference Paper |
| Year of Publication | 2010 |
| Authors | F.-Javier Heredia; Narcís Nabona; Cristina Corchero |
| Conference Name | DPI2008-02153 progress meeting |
| Conference Date | 14/12/2010 |
| Conference Location | Madrid, Spain |
| Type of Work | Meeting with the electricity market dicision board pf Gas Natural Fenosa |
| Key Words | research; electricity market; MIBEL; DPI2008-02153 |
| Abstract | Gas Natural Fenosa
is one of the major spanish electrical utililties operating in the
Iberian Electricity Market. Gas Natural Fenosa participates in the three
years research project
This project is granted by the National Programme for Fundamental Research Projects of the Spanish government. Several members of the GNOM research group visited last December 14 the headquarters of gas Natural Fenosa in Madrid for a meeting with the board of the electricity market division of Gas Natural Fenosa. During the meeting, the GNOM team explained the progress, discussed the results and presented the future work of the research project. |
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Meeting with the electricity market division board of Gas Natural Fenosa
Mon, 12/27/2010 - 17:36 — admin
Gas Natural Fenosa is one of the major Spanish electrical utililties operating in the Iberian Electricity Market. Gas Natural Fenosa participates in the three years research project of the GNOM research group :
This project, where I participate as head researcher, is granted by the National Programme for Fundamental Research Projects of the Spanish government. Last December 14 prof. Narcís Nabona, Ms. Cristina Corchero and me, members of the GNOM research group, visited the headquarters of gas Natural Fenosa in Madrid for a meeting with the board of the electricity market division of Gas Natural Fenosa. During the meeting we explained the progress, discussed the results and presented the future work of the research project. Follow this link to see the slides of the presentation.
Exploratory Workshop on Mixed Integer Nonlinear Programming
Thu, 12/09/2010 - 15:22 — admin| Publication Type | Conference/School/Seminar attendance |
| Year of Publication | 2010 |
| Authors | F.-Javier Heredia |
| Conference Name | Exploratory Workshop on Mixed Integer Nonlinear Programming: Theory, algorithms and applications |
| Event Type | Workshop |
| Conference Organiser | Mathematical Research Institute of the University of Sevilla (IMUS) |
| Conference Dates | 01-03/12/2010 |
| Conference Location | Sevilla, Spain |
| Key Words | research; mixed nonlinear optimization; DPI2008-02153 |
| URL | Click Here |
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New proceeding paper published at IEEEXplore
Wed, 10/27/2010 - 11:28 — admin
The work "Optimal Day-Ahead Bidding in the MIBEL's Multimarket Energy Production System" by Cristina Corchero and F.-Javier Heredia presented at the 7th Conference on European Energy Market EEM10 has been published as a full text proceeding article by the Institute of Electric and Electronic Engineering. Click here to see the entry on the IEEEXplore (previously published as research report DR 2010/** ).
Optimal Day-Ahead Bidding in the MIBEL's Multimarket Energy Production System
Wed, 10/27/2010 - 11:07 — admin| Publication Type | Proceedings Article |
| Year of Publication | 2010 |
| Authors | Cristina Corchero; F.-Javier Heredia |
| Conference Name | 7th Conference on European Energy Market EEM10 |
| Series Title | Proceedings of the 7th Conference on European Energy Market EEM10 |
| Volume | 1 |
| Pagination | 1 - 6 |
| Conference Start Date | 23/06/2010 |
| Publisher | IEEE |
| Conference Location | Madrid |
| Editor | IEEE |
| ISBN Number | 978-1-4244-6838-6 |
| Key Words | research; DPI2008-02153; multimarket; MIBEL; stochastic programming; futures contracts; bilateral contracts; optimal bid; paper |
| 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 |
| DOI | 10.1109/EEM.2010.5558714 |
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A decision support procedure for the short-term scheduling problem of a generation company operating on day-ahead and physical derivatives electricity markets
Tue, 10/26/2010 - 11:24 — admin| Publication Type | Conference Paper |
| Year of Publication | 2009 |
| Authors | M.-Teresa Vespucci; Cristina Corchero; Mario Innorta; F.-Javier Heredia |
| Conference Name | 11th International Conference on the Modern Information Technology in the Innovation Processes of the Industrial Enterprises (MITIP 2009) |
| Series Title | Proceedings of the 11th International Conference on the Modern Information Technology in the Innovation Processes of the Industrial Enterprises (MITIP 2009) |
| Conference Date | 15-16/10/2009 |
| Conference Location | Bergamo, Italy |
| Type of Work | invited presentation |
| ISBN Number | 978-88-89555-09-05 |
| Key Words | research; hydro-thermal; futures; day-ahead; GAMS, CPLEX |
| Abstract | We consider a generation company operating in the liberalized electricity market, whose production system consists of hydro and thermal plants. Production is sold either directly to customers, by means of bilateral contracts, or on the spot market, where the electricity price is unknow until the market clearing process has taken place. Price risk may be hedged by financial tools provided by the Derivative Electricity Market. In this work futures contracts are considered, i.e. agreements to sell electricity in the future for a specified price. A Mixed Integer Linear Programming model is introduced for determining the unit commitment of thermal units and the dispatchment of available thermal units and hydro plants, aiming at maximizing profits. Numerical results on a case study are reported |
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Conference on Numerical Optimization and Applications in Engineering (NUMOPEN-2010)
Fri, 10/15/2010 - 18:29 — admin
The Centre de Recerca Matemàtica (Center for Mathematical Research) organized on October 13 and 14 the Conference on Numerical Optimization and Applications in Engineering. The workshop provided a forum for researchers working on different aspects of optimization to present their recent discoveries, and to interact with people working on complementary aspects of optimization and mathematical programming. I was kindly invited to present the talk "Electricity Market Optimization: finding the best bid through stochastic programming".
Electricity Market Optimization: finding the best bid through stochastic programming.
Fri, 10/15/2010 - 17:49 — admin| Publication Type | Conference Paper |
| Year of Publication | 2010 |
| Authors | F.-Javier Heredia; Cristina Corchero; M.-Pilar Muñoz; Eugenio Mijangos |
| Conference Name | Conference on Numerical Optimization and Applications in Engineering (NUMOPEN-2010) |
| Conference Date | 13-15/10/2010 |
| Conference Location | Centre de Recerca Matemàtica. UAB. Barcelona, Spain. |
| Type of Work | Invited presentation |
| Key Words | research; electricity markets; stochastic programming; perspective cuts; TSFA; DPI2008-02153 |
| Abstract | The participation in national and international electricity markets has became a very complex decision making process. Electrical utilities participating in such liberalized market have to decide daily the operation, generation scheduling and optimal bid of each one of their generation units in several consecutives day-ahead markets. In the talk, we will describe the operation rules of the Iberian Electricity Market (MIBEL), how this operation can be mathematically modelled with the help of stochastic programming into large scale nonlinear integer problems and how these difficult optimization problems can be solved with specialised algorithms. Finally, the results found for several cases with real data of Spanish utilities and MIBEL market prices will be shown. |
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Solving electric market problems by perspective cuts
Wed, 10/06/2010 - 14:34 — admin| Publication Type | Conference Paper |
| Year of Publication | 2010 |
| Authors | Eugenio Mijangos; F-Javier Heredia; Cristina Corchero |
| Conference Name | International Conference on Operations Research |
| Conference Date | 01-03/09/2010 |
| Conference Location | Zurich, Switzerland |
| Type of Work | contributed presentation |
| Key Words | research; perspective cuts; mixed nonlinear optimization; optimization; optimal bid; electricity market |
| 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 as a deterministic MIQP problem by using perspective cuts to improve the performance of Branch and Cut. Numerical results are reported. |
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Optimal day-ahead bidding strategy in the MIBEL's multimarket energy production system
Thu, 07/29/2010 - 12:14 — admin| Publication Type | Report |
| Year of Publication | 2010 |
| Authors | Cristina Corchero; F.-Javier Heredia |
| Pages | 6 |
| Date | 07/2010 |
| Reference | Research report DR 2010/**, Dept. of Statistics and Operations Research. E-Prints UPC, http://hdl.handle.net/2117/8390. Universitat Politècnica de Catalunya |
| Prepared for | Published by the IEEE at the proceedings of the 7th Conference on European Energy Market EEM10, Madrid, Spain |
| Key Words | research; electricity markets; multimarkets; day-ahead market; intraday market; AGC market; stochastic programming |
| 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 |
| Export | Tagged XML BibTex |
