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A goal programming model for rescheduling of generation power in deregulated markets

E. Centeno, B. Vitoriano, F.A. Campos, A. Muñoz, J. Villar, E.F. Sánchez-Úbeda

In deregulated electrical systems, production schedule for power plants is the result of an auction process. In the Spanish case, this schedule includes two main concepts: energy production (to be actually produced) and secondary reserve (to maintain available). The generation company faces the problem of converting energy schedule into a power schedule, respecting the reserve schedule as well as technical constraints, and trying to accomplish different goals: to minimise the production costs, to obtain smooth shapes for the power schedules and to optimise eventual compensation in schedules. A weighted goal mixed integer programming model with a real-size application to deal with this problem is presented.


Keywords: Electricity markets, power generation dispatch, goal programming, integer programming, short-term scheduling


Annals of Operations Research. Volume: 120 Issue: 1-4 Pages: 45-57

JCR Impact Factor and WoS quartile: 2.284 - Q2 (2018)

DOI reference: DOI icon 10.1023/A:1023366127386    

Published on paper: April 2003.



Citation:
E. Centeno, B. Vitoriano, F.A. Campos, A. Muñoz, J. Villar, E.F. Sánchez-Úbeda. A goal programming model for rescheduling of generation power in deregulated markets. Annals of Operations Research. vol. 120, no. 1-4, pp. 45-57, April 2003.


    Topics research:
  • *Forecasting and data mining
  • *Short-Term Operation, Market Bidding and Operating Reserves

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