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Power Producers Trading Electricity in Both Pool and Forward Markets

2014-12Journal article Restricted access
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dc.contributor.authorAlgarvio, Hugo
dc.contributor.authorLopes, Fernando
dc.contributor.authorSousa, Jorge A. M.
dc.contributor.authorLagarto, João
dc.date.accessioned2015-05-08T16:17:33Z
dc.date.available2015-05-08T16:17:33Z
dc.date.issued2014-12
dc.description.abstractThe electricity industry throughout the world, which has long been dominated by vertically integrated utilities, has experienced major changes. Deregulation, unbundling, wholesale and retail wheeling, and real-time pricing were abstract concepts a few years ago. Today market forces drive the price of electricity and reduce the net cost through increased competition. As power markets continue to evolve, there is a growing need for advanced modeling approaches. This article addresses the challenge of maximizing the profit (or return) of power producers through the optimization of their share of customers. Power producers have fixed production marginal costs and decide the quantity of energy to sell in both day-ahead markets and a set of target clients, by negotiating bilateral contracts involving a three-rate tariff. Producers sell energy by considering the prices of a reference week and five different types of clients with specific load profiles. They analyze several tariffs and determine the best share of customers, i.e., the share that maximizes profit. © 2014 IEEE.por
dc.identifier.citationALGARVIO, Hugo; [et. al] - Power Producers Trading Electricity in Both Pool and Forward Markets. 25th International Workshop on Database and Expert Systems Applications, DEXA 2014. ISSN 1529-4188. (2014), pp. 139-143por
dc.identifier.doi10.1109/DEXA.2014.41
dc.identifier.isbn978-147995722-4
dc.identifier.issn1529-4188
dc.identifier.urihttp://hdl.handle.net/10400.21/4512
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherIEEE - Institute of Electrical and Electronics Engineers Inc.por
dc.relation.ispartofseries;6974840
dc.relation.publisherversionhttp://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=6974840por
dc.subjectBilateral contractspor
dc.subjectElectricity marketspor
dc.subjectOptimizationpor
dc.subjectPoolspor
dc.subjectPower producerspor
dc.titlePower Producers Trading Electricity in Both Pool and Forward Marketspor
dc.typejournal article
dspace.entity.typePublication
oaire.citation.conferencePlaceMunichpor
oaire.citation.endPage143por
oaire.citation.startPage139por
oaire.citation.title25th International Workshop on Database and Expert Systems Applications, DEXA 2014por
person.familyNameAlgarvio
person.familyNameSousa
person.familyNameLagarto
person.givenNameHugo
person.givenNameJorge A. M.
person.givenNameJoão
person.identifier707203
person.identifier2750231
person.identifier.ciencia-idB01D-304F-6CD3
person.identifier.ciencia-idF816-08E3-B045
person.identifier.ciencia-id0512-2920-3C9E
person.identifier.orcid0000-0002-4129-838X
person.identifier.orcid0000-0002-1110-6586
person.identifier.orcid0000-0002-7047-6210
person.identifier.ridM-1020-2015
person.identifier.scopus-author-id55940825700
person.identifier.scopus-author-id24758947600
rcaap.rightsrestrictedAccesspor
rcaap.typearticlepor
relation.isAuthorOfPublicationb8a3509d-f3ad-4b3e-9d19-8834b715be56
relation.isAuthorOfPublication69325e43-1f4e-4c1c-8c69-159ac3f93066
relation.isAuthorOfPublication174bfcee-266b-483c-bc13-f187a886014d
relation.isAuthorOfPublication.latestForDiscovery174bfcee-266b-483c-bc13-f187a886014d

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