Title :
Probabilistic optimality in long-term energy sales
Author_Institution :
Florida Atlantic Univ., Boca Raton, FL, USA
fDate :
5/1/2002 12:00:00 AM
Abstract :
This paper introduces a graphic methodology that makes it possible to compare over a wide range of probabilities the revenues that a generator obtains using different policies to decide how much energy to sell under long-term contracts and how much on the spot market. Examples are based on results for the Colombian Power System
Keywords :
contracts; electricity supply industry; power system economics; probability; Colombian Power System; electricity markets policies; long-term contracts; long-term energy sales; power generator; probabilistic optimality; revenues; spot market; Commercialization; Contracts; Costs; Graphics; Helium; Hydrology; Marketing and sales; Power system analysis computing; Power systems; Reservoirs;
Journal_Title :
Power Systems, IEEE Transactions on
DOI :
10.1109/TPWRS.2002.1007887
