DocumentCode
1186337
Title
Price-Maker Self-Scheduling in a Pool-Based Electricity Market: A Mixed-Integer LP Approach
Author
de la Torre, Sebastian ; Arroyo, J. M. ; Conejo, Antonio J. ; Contreras, Javier
Author_Institution
Castilla-La Mancha University; University of Castilla-La Mancha
Volume
22
Issue
8
fYear
2002
Firstpage
65
Lastpage
65
Abstract
In a pool-based electricity market, this paper addresses the self-scheduling problem faced by a price-maker to achieve maximum profit. An exact and computationally efficient mixed-integer LP formulation of this problem is presented. This formulation models precisely the price-maker capability of altering market-clearing prices to its own benefits, through price-quota curves. No assumptions are made on the characteristics of the pool and its agents. A realistic case study is presented, and the results obtained are analyzed in detail.
Keywords
Contracts; Electricity supply industry; Frequency; Narrowband; Power generation; Power markets; Reservoirs; Stochastic resonance; Stochastic systems; Synchronous generators; Electricity pool market; market power; mixed-integer LP; price-maker;
fLanguage
English
Journal_Title
Power Engineering Review, IEEE
Publisher
ieee
ISSN
0272-1724
Type
jour
DOI
10.1109/MPER.2002.4312492
Filename
4312492
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