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Content Provider | IEEE Xplore Digital Library |
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Author | Borghetti, A. Frangioni, A. Lacalandra, F. Nucci, C.A. Pelacchi, P. |
Copyright Year | 2003 |
Description | Author affiliation: Dept. of Electr. Eng., Bologna Univ., Italy (Borghetti, A.) |
Abstract | The paper describes a procedure developed to assist a generating company in choosing the most convenient bidding strategies for a day-ahead electricity energy market. According to the proposed method, the profit maximization problem is transformed into a minimization problem that can be solved by a traditional hydro-thermal unit commitment program after implementing a few modifications. The paper describes the modifications introduced in a unit commitment program based on the Lagrangian relaxation approach and on a disaggregated Bundle method for the solution of the dual problem. It also presents some results obtained for a realistic data set of hydro-thermal power plants. The results arc discussed in order to emphasize how the method can be applied to assess the bidding strategy choke of a given company. |
Sponsorship | IEEE Power Eng. Soc |
File Size | 594315 |
File Format | |
ISBN | 0780379675 |
DOI | 10.1109/PTC.2003.1304673 |
Language | English |
Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
Publisher Date | 2003-06-23 |
Publisher Place | Italy |
Access Restriction | Subscribed |
Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
Subject Keyword | Power generation Production Reservoirs Electricity supply industry Cost function Minimization methods Lagrangian functions Councils Computer science Water resources |
Content Type | Text |
Resource Type | Article |
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