MTM2013-48462
Stochastic Optimal Bid to Electricity Markets with Emission Risk Constraints
Thu, 11/27/2014 - 21:20 — admin| Publication Type | Conference Paper |
| Year of Publication | 2014 |
| Authors | F.-Javier Heredia; Julián Cifuentes; Cristina Corchero |
| Conference Name | IFORS2014: 20th Conference of the International Federation of Operational Research Societies |
| Conference Date | 13-18/07/2014 |
| Conference Location | Barcelona |
| Type of Work | Invited presentation |
| Key Words | research; emission limits; risk; stochastic programming; day-ahead electricity market; combined cycle units |
| Abstract | This work allows investigating the influence of the emission reduction plan, and the incorporation of the derivatives medium-term commitments in the optimal generation bidding strategy to the day-ahead electricity market. Two different technologies have been considered: the coal thermal units, high-emission technology, and the combined cycle gas turbine units, low-emission technology. The Iberian Electricity Market (MIBEL) and the Spanish National Emission Reduction Plan (NERP) defines the environmental framework to deal with by the day-ahead market bidding strategies. To address emission limitations, some of the standard risk management methodologies developed for financial markets, such as Value-at-Risk (VaR) and Conditional Valueat- Risk (CVaR), have been extended giving rise to the new concept of Conditional Emission at Risk (CEaR). The economic implications for a GenCo of including the environmental restrictions of this National Plan are analyzed, and the effect of the NERP in the expected profits and optimal generation bid are analyzed. |
| URL | Click Here |
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A stochastic programming model for the tertiary control of microgrids
Thu, 11/27/2014 - 16:48 — admin| Publication Type | Tesis de Grau i Màster // BSc and MSc Thesis |
| Year of Publication | 2014 |
| Authors | Leire Citores |
| Director | F.-Javier Heredia, Cristina Corchero |
| Tipus de tesi | MSc Thesis |
| Titulació | Master in Statistics and Operations research |
| Centre | Faculty of Mathematics and Statistics |
| Data defensa | 27/06/2014 |
| Nota // mark | 10 MH (A with Honours) |
| Key Words | research; teaching; microgrids, stochastic programming; scenario generation; wind generation; day-ahead electricity market; imbalances; MSc Thesis |
| Abstract | In this thesis a scenario-based two-stage stochastic programming model is proposed to solve a microgrid's tertiary control optimization problem taking into account some renewable energy resource s uncertainty as well uncertain energy deviation prices in the electricity market. Scenario generation methods for wind speed realizations are also studied. Results show that the introduction of stochastic programming represents an improvement over a deterministic model. |
| DOI / handle | http://hdl.handle.net/2099.1/23235 |
| URL | Click Here |
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Energy Management System para una microrred domestica con participación en los servicios auxiliares de red
Thu, 11/27/2014 - 16:32 — admin| Publication Type | Tesis de Grau i Màster // BSc and MSc Thesis |
| Year of Publication | 2014 |
| Authors | Irune Etxarri Urtasun |
| Director | F.-Javier Heredia, Cristina Corchero |
| Tipus de tesi | MSc Thesis |
| Titulació | Master in Statistics and Operations Reseafrch |
| Centre | Faculty of Mathematics and Statistics |
| Data defensa | 27/06/2014 |
| Nota // mark | ** |
| Key Words | teaching; research; microgrids; stochastic programming; electricity market; secondary reserve; MSc Thesis |
| Abstract | En este proyecto se ha propuesto un modelo estocástico de dos etapas para la gestión de energía en una microrred doméstica, introduciendo la participación en el mercado de banda de regulación. El objetivo del modelo es determinar la potencia que se oferta al mercado diario, teniendo en cuenta la participación en el mercado de banda de regulación. Se ha introducido estocasticidad en los precios de este mercado y en los precios y probabilidades del requerimiento a subir y a bajar de la energía de regulación secundaria. Se han comparado los beneficios de la microrred en caso de participar o no en el mercado de banda de regulación, y se ha visto que la participación en dicho mercado produce grandes beneficios para sus usuarios. |
| DOI / handle | http://hdl.handle.net/2099.1/23233 |
| URL | Click Here |
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New national-funded research project
Sat, 07/19/2014 - 12:10 — admin
The research project Forecasting and optimization of wind generation in energy markets (FOWGEM) has been accepted for granting by the Spanish's National Program of R+D+i for the Challenges of the Society. This is a project coordinated by the Universitat Politècnica de Catalunya (the project leaders are prof. Ma. Pilar Muñoz and prof. F.-Javier Heredia) in collaboration with the Universidad Pontificia de Comillas (where the leader is leader prof. Andrés Ramos). Besides these two universities, several other universities and electrical utilities from Spain and abroad participate in the project:
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Universities: Universitat Autònoma de Barcelona (Catalonia, Spain); Euskal Herriko Unibersitatea (Basc Country, Spain); Universidade Paulista Júlia de Mesquita Filho (Brasil); North Carolina State University (USA).
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Electrical Utilities and research centers: Iberdrola, Gas Natural - Fenosa, Catalonia Institute for Energy Research
Project FOWGEM aims at aplying a global approach to the problem of the optimal integration of the wind-enery generation of a generation company in the wholesale electricity market through the combination of statistical forecasting models, mathematical programming models for electricity markets and advanced large-scale optimization algorithms.
