Optimal Day-Ahead bidding in the MIBEL´s multimarket energy production system

Author

Corchero, Cristina ; Heredia, F. -Javier

Author_Institution

Stat. & Oper. Res. Dept., Univ. Politec. de Catalunya, Barcelona, Spain

fYear

2010

fDate

23-25 June 2010

Firstpage

1

Lastpage

6

Abstract

A Generation Company (GenCo) can participate in the Iberian Electricity Market (MIBEL) through different mechanisms and pools: the bilateral contracts, the physical derivatives products at the Derivatives Market, the bids to the Day-Ahead Market, the Intraday Markets or the Ancillary Services Markets. From the short-term generation planning point of view, the most important problem to solve is the bidding strategy for the Day-Ahead Market (DAM) given that the 85% of the physical energy traded in Spain is negotiated in it, but this participation cannot be tackled independently of other subsequent markets.

Keywords

power generation planning; power markets; stochastic programming; MIBEL; ancillary services markets; bilateral contracts; derivatives market; electricity market; intraday markets; multimarket energy production system; optimal day-ahead bidding; short-term generation planning; stochastic programming; Contracts; bidding strategies; bilateral contracts; electricity spot markets; physical futures contracts; stochastic programming;

fLanguage

English

Publisher

ieee

Conference_Titel

Energy Market (EEM), 2010 7th International Conference on the European

Conference_Location

Madrid

Print_ISBN

978-1-4244-6838-6

Type

conf

DOI

10.1109/EEM.2010.5558714

Filename

5558714