Perspective cuts for solving the optimal electricity market bid problem with bilateral contracts
Wed, 07/21/2010 - 15:27 — admin
| Publication Type | Conference Paper |
| Year of Publication | 2010 |
| Authors | Eugenio Mijangos; F.-Javier Heredia |
| 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; mixed nonlinear optimization; perspective cuts |
| 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 and the optimal sale bids observing the MIBEL. 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 approach. Numerical results are reported. |
| URL | Click Here |
| Export | Tagged XML BibTex |
| Attachment | Size |
|---|---|
| MijangosHeredia_euro2010_gnom.pdf | 533.39 KB |
| EUROXXIV Lisbon CertAssis Javier Heredia.pdf | 22.74 KB |
