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Strategic bidding in a competitive electricity market: A decomposition approach

Á. Baíllo, M. Ventosa, M. Rivier, A. Ramos

Daily bidding is an activity of paramount importance for generation companies operating in day-ahead electricity markets. The authors have developed a strategic bidding procedure based on strochastic programming to obtain optimal bids. In this paper the problem is decomposed under the Benders framework to permit the solution of large-size problems. A numerical example illustrates the advantages of the proposed approach.


Keywords: Competitive electricity market, decomposition techniques, generation scheduling, strategic bidding

IEEE Power Tech. Conference

DOI: DOI icon 10.1109/PTC.2001.964625    

Publication date: September 2001.



Citation:
Á. Baíllo, M. Ventosa, M. Rivier, A. Ramos, Strategic bidding in a competitive electricity market: A decomposition approach, IEEE Power Tech. Conference. ISBN: 0-7803-7139-9, Oporto, Portugal, 10-13 September 2001


    Research topics:
  • *Short-Term Operation, Market Bidding and Operating Reserves

IIT-01-031A

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