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
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;
Journal_Title :
Power Engineering Review, IEEE
DOI :
10.1109/MPER.2002.4312492
