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Thermal plant bids and market clearing in an electricity pool. Minimization of costs vs. minimization of consumer payments

J. Alonso, A. Trías, V. Gaitan, J. Alba

IEEE Transactions on Power Systems Vol. 14, nº. 4, pp. 1327 - 1334

Resumen:

The Spanish wholesale electricity market started on January 1st 1998. Though it is based on simple price/quantity bids, it incorporates some provisions to take thermal plant running requirements into account. This paper presents these rules and its mathematical treatment, focusing on a possible implementation of the “minimum income condition”, which allows thermal generators to declare minimum stable loads. It also shows another key point in the debate: whether the algorithm should minimize costs or consumer payments


Índice de impacto JCR y cuartil WoS: 6,600 - Q1 (2022)

Referencia DOI: DOI icon https://doi.org/10.1109/59.801892

Publicado en papel: Noviembre 1999.

Publicado on-line: Noviembre 1999.



Cita:
J. Alonso, A. Trías, V. Gaitan, J. Alba Thermal plant bids and market clearing in an electricity pool. Minimization of costs vs. minimization of consumer payments. IEEE Transactions on Power Systems. Vol. 14, nº. 4, pp. 1327 - 1334, Noviembre 1999. [Online: Noviembre 1999]


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