This paper presents a methodology to manage the market risk faced by a hydrothermal generation company in the medium-term (one year). This risk is due to uncertainty in fuel prices, power demand, water inflows, and electricity ...

The trend towards competition in the electricity sector has led to efforts by the research community to develop decision and analysis support models adapted to the new market context. This paper focuses on electricity ...

An unprecedented process of reforms has shaken the power industry during the last two decades. In order to sell the energy produced by their plants, many generation companies are now forced to prepare and submit daily ...

The problem of scenario tree generation is closely related to that of stochastic programming. A natural approach in stochastic programming consists of replacing the continuous random parameters that represent uncertainty ...

We propose a stochastic unit commitment model for a power generation company that takes part in an electricity spot market. The relevant feature of this model is its detailed representation of the spot market during a whole ...

Los mercados de energía eléctrica se caracterizan por la extremada volatilidad del precio spot. La incertidumbre asociada al precio es una fuente de riesgo tanto para los agentes vendedores (compañías de generación) como ...