Short-term trading for electricity producers

Chefi Triki, Antonio J. Conejo, Lina P. Garcés

Research output: Chapter in Book/Report/Conference proceedingChapter

3 Citations (Scopus)

Abstract

This chapter considers a price-taker power producer that trades in an electricity pool and provides models for weekly scheduling, contracting, and daily offering. On a weekly basis, a stochastic programming model is formulated to derive the on–off schedule of the production units, the contracting for the entire week and the offering curves for Monday day-ahead market. On a daily basis, a different stochastic programming model is formulated to derive the offering curve in the day-ahead markets of weekdays other than Monday. As a spinoff of the daily model, offering curves for adjustment markets within each day are also derived. Two illustrative examples clarify the models proposed.

Original languageEnglish
Title of host publicationInternational Series in Operations Research and Management Science
PublisherSpringer New York LLC
Pages181-201
Number of pages21
Volume163
DOIs
Publication statusPublished - 2011

Publication series

NameInternational Series in Operations Research and Management Science
Volume163
ISSN (Print)08848289

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Keywords

  • CVaR
  • Daily offering
  • Multi-stage stochastic programming
  • Price-taker power producer
  • Risk
  • Weekly contracting
  • Weekly scheduling

ASJC Scopus subject areas

  • Management Science and Operations Research
  • Strategy and Management
  • Applied Mathematics
  • Computer Science Applications
  • Software

Cite this

Triki, C., Conejo, A. J., & Garcés, L. P. (2011). Short-term trading for electricity producers. In International Series in Operations Research and Management Science (Vol. 163, pp. 181-201). (International Series in Operations Research and Management Science; Vol. 163). Springer New York LLC. https://doi.org/10.1007/978-1-4419-9586-5_9