Price-Maker Strategies of a Hydro Producer in a Day-ahead Electricity Market

• Type: Article in International Conference Proceedings Book
• Date: 2012

Authors

Pousinho, HMI (Author) Other; Catalao, JPS (Author) Other; Contreras, J (Author) Other

Conference proceedings International

Title: 2012 16TH IEEE MEDITERRANEAN ELECTROTECHNICAL CONFERENCE (MELECON)

Pages: 249-252

16th IEEE Mediterranean Electrotechnical Conference (MELECON)

Hammamet, TUNISIA, MAR 25-28, 2012

Indexing

ISI Web of Knowledge - 2 Citations

Scopus - 2 Citations

Other information

Authenticus ID: P-002-F9W

DOI: 10.1109/melcon.2012.6196425

Abstract (EN): In this paper, a stochastic mixed-integer linear programming approach is proposed to find the optimal operations planning of a hydro producer acting as a risk-neutral price-maker trading in the day-ahead market based on a pool. The proposed approach optimizes a set of scenarios using as decision variables the amount of power supplied by each generation unit facing the 24-hours residual demand curves of each scenario. The supply competitive curves are built and the optimal bidding strategy is developed in the day-ahead market, in order to maximize the expected profit of the price-maker hydro producer. Results from a real-world case study are presented. Finally, conclusions are duly drawn.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 4