A stochastic programming model for the optimal electricity market bid problem with bilateral contracts for thermal and combined cycle units

Abstract

This paper developed a stochastic programming model that integrated the most recent regulation rules of the Spanish peninsular system for bilateral contracts in the day-ahead optimal bid problem. Our model allows a price-taker generation company to decide the unit commitment of the thermal and combined cycle programming units, the economic dispatch of the… (More)
DOI: 10.1007/s10479-011-0847-x

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