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Optimal offering strategies for generation companies operating in electricity spot markets

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IIT-03-058A.pdf (405.7Kb)
Fecha
2004-05-01
Autor
Baillo Moreno, Alvaro
Ventosa Rodríguez, Mariano
Rivier Abbad, Michel Luis
Ramos Galán, Andrés
Estado
info:eu-repo/semantics/publishedVersion
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Resumen
 
 
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 offers to an electricity market under uncertainty about the offers submitted by their rivals. In this paper we describe a methodology to prepare optimal offers for a generation company operating in a day-ahead market organized as a series of twenty-four hourly uniform-price multiunit double auctions. We explicitly consider the ability of the company to affect the price of electricity as well as the company’s uncertainty about rivals’ behavior.
 
URI
https:doi.org10.1109TPWRS.2003.821429
Optimal offering strategies for generation companies operating in electricity spot markets
Tipo de Actividad
Artículos en revistas
ISSN
0885-8950
Materias/ categorías / ODS
Instituto de Investigación Tecnológica (IIT)
Palabras Clave

Electricity competition, market models, offering strategies, power generation scheduling
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Repositorio de la Universidad Pontificia Comillas copyright © 2015  Desarrollado con DSpace Software
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