• Corpus ID: 238354146

Joint optimization of sales-mix and generation plan for a large electricity producer

  title={Joint optimization of sales-mix and generation plan for a large electricity producer},
  author={Paolo Falbo and Carlos Ruiz},
The paper develops a typical management problem of a large power producer (i.e., he can partly influence the market price). In particular, he routinely needs to decide how much of his generation it is preferable to commit to fixed price bilateral contracts (e.g., futures) or to the spot market. However, he also needs to plan how to distribute the production across the different plants under his control. The two decisions, namely the sales-mix and the generation plan, naturally interact, since… 

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