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, Porto, Portugal, 10-13 September 2001
Publicado: septiembre 2001.