Journal
IEEE TRANSACTIONS ON POWER SYSTEMS
Volume 25, Issue 2, Pages 657-666Publisher
IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
DOI: 10.1109/TPWRS.2009.2032658
Keywords
Offering strategy; risk management; stochastic programming; weekly forward contracting; weekly self-scheduling
Categories
Funding
- Government of Castilla-La Mancha [PCI08-0102]
- Ministry of Education and Science of Spain, CICYT [DPI2006-08001]
Ask authors/readers for more resources
Within a weekly market horizon, this paper considers a power producer that sells its energy both in the pool and through weekly forward contracts. The paper provides a methodology that allows the producer to derive the self-scheduling of its production units, to select weekly forward contracts, and to obtain the offering strategy for Monday's pool. The proposed technique is based on stochastic programming and allows the producer to maximize its expected profit while controlling the risk of profit variability. A comprehensive case study is used to illustrate the characteristics of the proposed methodology. Appropriate conclusions are finally drawn.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available