Stochastic Power Generation Unit Commitment in Electricity Markets: A Novel Formulation and a Comparison of Solution Methods

@article{Cerisola2009StochasticPG,
  title={Stochastic Power Generation Unit Commitment in Electricity Markets: A Novel Formulation and a Comparison of Solution Methods},
  author={Santiago Cerisola and {\'A}lvaro Ba{\'i}llo and Jos{\'e} M. Fern{\'a}ndez-L{\'o}pez and Andr{\'e}s Ramos and Ralf Gollmer},
  journal={Operations Research},
  year={2009},
  volume={57},
  pages={32-46}
}
We propose a stochastic unit commitment model for a power generation company that takes part in an electricity spot market. The relevant feature of this model is its detailed representation of the spot market during a whole week, including seven day-ahead market sessions and the corresponding adjustment market sessions. The adjustment market sessions can be seen as an hour-ahead market mechanism. This representation takes into account the influence that the company's decisions exert on the… CONTINUE READING
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