Efficient solution of optimal multimarket electricity bid models
Tipo de documentoTexto en actas de congreso
Fecha de publicación2011
EditorInstitute of Electrical and Electronics Engineers
Condiciones de accesoAcceso abierto
Short-term electricity market is made up of a sequence of markets, that is, it is a multimarket enviroment. In the case of the Iberian Energy Market the sequence of major short-term electricity markets are the day-ahead market, the ancillary service market or secondary reserve market (henceforth reserve market), and a set of six intraday markets. Generation Companies (GenCos) that participate in the electricity market could increase their benefits by jointly optimizing their participation in this sequence of electricity markets. This work proposes a stochastic programming model that gives the GenCo the optimal bidding strategy for the day-ahead market (DAM), which considers the benefits and costs of participating in the subsequent markets and which includes both physical futures contracts and bilateral contracts.
CitaciónCorchero, C.; Heredia, F.-Javier; Mijangos, E. Efficient solution of optimal multimarket electricity bid models. A: International Conference on the European Energy Market (EEM). "EEM11 8th International Conference on the European Energy Market, join us in Zagreb, Croatia, from 25 to 27 May 2011 for the premium event in the world of energy markets, where academia and industry meet". Zagreb: Institute of Electrical and Electronics Engineers, 2011, p. 244-249.
Versión del editorhttp://dx.doi.org/10.1109/EEM.2011.5953017