15th Power Systems Computation Conference - PSCC 2005, Liege (Belgium). 22-26 agosto 2005
Summary:
In this paper we propose an algorithm for addressing the medium term hydrothermal coordination problem faced by a generation company when operating in an electricity market. This problem is formulated and solved as a stochastic Linear Mixed Complementarity Problem. In order to deal with realistic problems, we propose the use of Bender’s decomposition technique. A numerical example in the context of the Spanish electricity market illustrates the potential of the algorithm we propose.
Keywords: Market equilibrium, complementarity problem, stochastic programming, Benders decomposition.
Publication date: August 2005.
Citation:
Cabero, J., Baíllo, Á., Cerisola, S., Ventosa, M., Application of benders decomposition to an equilibrium problem, 15th Power Systems Computation Conference - PSCC 2005, Liege (Belgium). 22-26 August 2005.
IIT-05-017A
