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Project information

New developments for market forecasts in the short-term

J. García-González M.A. Fernández-Sánchez A. Muñoz J. Portela E.F. Sánchez-Úbeda

January 2013 - December 2013

Funding entity Endesa

The model EXCOM is decision support tool that allows to obtain optimal operating decisions in the short term for a generation company operating in the Spanish electricity market. The objectives of this project are to expand the time horizon up to three weeks with hourly periods, to improve the modeling of the thermal and hydraulic generation units, and to perform an analysis of residual demand curves to generate scenarios that consider the effect of the minimum income condition.