Price maker self-scheduling in a pool-based electricity market: a mixed-integer LP approach
- 1 November 2002
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Power Systems
- Vol. 17 (4), 1037-1042
- https://doi.org/10.1109/tpwrs.2002.804945
Abstract
This paper addresses the self-scheduling problem faced by a price-maker to achieve maximum profit in a pool-based electricity market. An exact and computationally efficient mixed-integer linear programming (MILP) formulation of this problem is presented. This formulation models precisely the price-maker capability of altering market-clearing prices to its own benefits, through price quota curves. No assumptions are made on the characteristics of the pool and its agents. A realistic case study is presented and the results obtained are analyzed in detail.Keywords
This publication has 10 references indexed in Scilit:
- Spanish power exchange market and information system design concepts, and operating experiencePublished by Institute of Electrical and Electronics Engineers (IEEE) ,2003
- Optimal response of an oligopolistic generating company to a competitive pool-based electric power marketIEEE Transactions on Power Systems, 2002
- Linear complementarity models of Nash-Cournot competition in bilateral and POOLCO power marketsIEEE Transactions on Power Systems, 2001
- The Next Generation of Electric Power Unit Commitment ModelsInternational Series in Operations Research & Management Science, 2001
- Strategic gaming analysis for electric power systems: an MPEC approachIEEE Transactions on Power Systems, 2000
- Optimal response of a thermal unit to an electricity spot marketIEEE Transactions on Power Systems, 2000
- Maintenance Scheduling in Restructured Power SystemsPublished by Springer Science and Business Media LLC ,2000
- Computational Auction Mechanisms for Restructured Power Industry OperationPublished by Springer Science and Business Media LLC ,1999
- Computable Equilibrium Models and the Restructuring of the European Electricity and Gas MarketsThe Energy Journal, 1997
- Integer Programming Approach to the Problem of Optimal Unit Commitment with Probabilistic Reserve DeterminationIEEE Transactions on Power Apparatus and Systems, 1978