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

DOI10.1007/s10479-011-0847-xzbMath1254.90138OpenAlexW2069458935MaRDI QIDQ1931631

Marcos J. Rider, Cristina Corchero, F.-Javier Heredia

Publication date: 15 January 2013

Published in: Annals of Operations Research (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/2117/2282

zbMATH Keywords

stochastic programmingelectricity day-ahead marketoptimal bidbilateral contractscombined cycle units

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Stochastic programming (90C15)

Related Items

Short-term balancing of supply and demand in an electricity system: forecasting and scheduling ⋮ A new optimal electricity market bid model solved through perspective cuts ⋮ Optimizing product service system by franchise fee contracts under information asymmetry

Uses Software

• AMPL
• CPLEX

Cites Work

• A Modeling Language for Mathematical Programming
• A stochastic programming model for the thermal optimal day-ahead bid problem with physical futures contracts
• Optimal capacity allocation in multi-auction electricity markets under uncertainty
• A stochastic integer programming model for incorporating day-ahead trading of electricity into hydro-thermal unit commitment
• Using Supply Functions for Offering Generation into an Electricity Market
• Offer Stack Optimization in Electricity Pool Markets
• Introduction to Stochastic Programming
• Optimal Offer Construction in Electricity Markets

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