Electricity producer self-scheduling in day-ahead energy and reserves markets

This paper addresses the problem of electricity producer self-scheduling in day-ahead energy and reserves markets. The electricity producer self-scheduling problem is formulated as a mixed integer linear program (MILP). It provides a tool to enable a producer to allocate optimally his degree of involvement in each one of these markets so as to maximize his profits. Residual demand curves are used to model the effect of producerpsilas interactions with his competitors. Test results on a small test system address the effect of the reserves prices as well as the producerpsilas forward commitments on the market clearing prices and the producer profits.