Strategic offering of a flexible producer in day-ahead and intraday power markets

DOI10.1016/J.EJOR.2020.01.044MaRDI QIDQ2178147zbMATH OpenOpenAlexFDO

Authors Tuomas Rintamäki, Afzal Siddiqui, Ahti Salo

Publication date 7 May 2020

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2020.01.044

zbMATH Keywords

OR in energymathematical programming with equilibrium constraintsday-ahead marketintraday marketstrategic offering

Mathematics Subject Classification ID

Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Stochastic programming (90C15)

Recommendations

• Price formation and optimal trading in intraday electricity markets
• Strategic bidding in price coupled regions
• Day-ahead market bidding taking the balancing power market into account
• Price formation and optimal trading in intraday electricity markets
• Short-term trading for electricity producers

Cites work

• Bidding in sequential electricity markets: the Nordic case
• Electricity market clearing with improved scheduling of stochastic production
• Optimal bidding of a virtual power plant on the Spanish day-ahead and intraday market for electricity
• Scikit-learn: machine learning in Python
• Stochastic programming for optimizing bidding strategies of a Nordic hydropower producer

Cited in

(10)

• Flexible supply meets flexible demand: prosumer impact on strategic hydro operations
• The spot and balancing markets for electricity: open- and closed-loop equilibrium models
• Day-ahead versus intraday valuation of flexibility for photovoltaic and wind power systems
• Optimal bidding functions for renewable energies in sequential electricity markets
• A hybrid robust-stochastic optimization approach for day-ahead scheduling of cascaded hydroelectric system in restructured electricity market
• Day-ahead market bidding taking the balancing power market into account
• Intraday power trading: toward an arms race in weather forecasting?
• Strategic investment decisions in an oligopoly with a competitive fringe: an equilibrium problem with equilibrium constraints approach
• Energy storage operation and electricity market design: on the market power of monopolistic storage operators
• Generation flexibility in ramp rates: strategic behavior and lessons for electricity market design

Describes a project that uses

Uses Software

• Scikit

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