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Multi-market optimal scheduling of a power generation portfolio with a price-maker pumped-storage hydro unit

dc.contributor.authorLagarto, João
dc.contributor.authorFernandes, Filipe
dc.contributor.authorSousa, Jorge A. M.
dc.contributor.authorSantana, João
dc.date.accessioned2019-03-12T09:44:37Z
dc.date.available2019-03-12T09:44:37Z
dc.date.issued2016-07-28
dc.description.abstractThe increasing integration of renewables in the energy markets has been raising some challenges to generating companies (GENCOs), in terms of operation and planning of their generation portfolios. A GENCO aiming at maximizing its profits has to deal with offers to several available markets, among which are the Day-ahead Market (DAM) and the Secondary Reserve Market (SRM). This paper presents a scheduling solution of a price-maker GENCO whose portfolio includes a pumped-storage hydro unit, acting simultaneously in the DAM and SRM. The results were obtained for six different scenarios, where the portfolio may include a thermal generation unit and compares the GENCO behavior in both markets either as a price-taker or as a price-maker. The results put in evidence the portfolio effect when the GENCO takes into account its influence on price, which is seen in the price-maker scenarios, whereas the scheduling remains unchanged under the price-taker behavior.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationLAGARTO, João; [et al] – Multi-market optimal scheduling of a power generation portfolio with a price-maker pumped-storage hydro unit. In 2016 13th International Conference on the European Energy Market (EEM). Porto, Portugal: IEEE, 2016. ISBN 978-1-5090-1298-5. Pp. 1-5pt_PT
dc.identifier.doi10.1109/EEM.2016.7521285pt_PT
dc.identifier.isbn978-1-5090-1298-5
dc.identifier.isbn978-1-5090-1299-2
dc.identifier.issn2165-4093
dc.identifier.issn2165-4077
dc.identifier.urihttp://hdl.handle.net/10400.21/9701
dc.language.isoengpt_PT
dc.publisherInstitute of Electrical and Electronics Engineerspt_PT
dc.relation.publisherversionhttps://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=7521285pt_PT
dc.subjectDay-ahead marketpt_PT
dc.subjectPumped-storage hydropt_PT
dc.subjectRenewable integrationpt_PT
dc.subjectScheduling strategypt_PT
dc.subjectSecondary reserve marketpt_PT
dc.titleMulti-market optimal scheduling of a power generation portfolio with a price-maker pumped-storage hydro unitpt_PT
dc.typeconference object
dspace.entity.typePublication
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/5876/UID%2FCEC%2F50021%2F2013/PT
oaire.citation.conferencePlace6-9 June 2016 - Porto, Portugalpt_PT
oaire.citation.endPage5pt_PT
oaire.citation.startPage1pt_PT
oaire.citation.title13th International Conference on the European Energy Market (EEM)pt_PT
oaire.fundingStream5876
person.familyNameLagarto
person.familyNameSousa
person.givenNameJoão
person.givenNameJorge A. M.
person.identifier2750231
person.identifier.ciencia-id0512-2920-3C9E
person.identifier.ciencia-idF816-08E3-B045
person.identifier.orcid0000-0002-7047-6210
person.identifier.orcid0000-0002-1110-6586
person.identifier.ridM-1020-2015
person.identifier.scopus-author-id24758947600
person.identifier.scopus-author-id55940825700
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsclosedAccesspt_PT
rcaap.typeconferenceObjectpt_PT
relation.isAuthorOfPublication174bfcee-266b-483c-bc13-f187a886014d
relation.isAuthorOfPublication69325e43-1f4e-4c1c-8c69-159ac3f93066
relation.isAuthorOfPublication.latestForDiscovery69325e43-1f4e-4c1c-8c69-159ac3f93066
relation.isProjectOfPublication9964a800-3334-42d6-aab0-1f8870cbe7b1
relation.isProjectOfPublication.latestForDiscovery9964a800-3334-42d6-aab0-1f8870cbe7b1

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