Unit Commitment and Electricity Prices Forecasting for Market Strategy Preparation in Interconnected Systems

Pezic, Mustafa; Quintana de Juan, Marta; García-Martos, Carolina y Sánchez Naranjo, María Jesús (2014). Unit Commitment and Electricity Prices Forecasting for Market Strategy Preparation in Interconnected Systems. En: "11th International Conference on the European Energy Market (EEM14)", 28-30 May 2014, Kraków, POLAND. ISBN 978-1-4799-6094-1. pp. 1-6.

Descripción

Título: Unit Commitment and Electricity Prices Forecasting for Market Strategy Preparation in Interconnected Systems
Autor/es:
  • Pezic, Mustafa
  • Quintana de Juan, Marta
  • García-Martos, Carolina
  • Sánchez Naranjo, María Jesús
Tipo de Documento: Ponencia en Congreso o Jornada (Artículo)
Título del Evento: 11th International Conference on the European Energy Market (EEM14)
Fechas del Evento: 28-30 May 2014
Lugar del Evento: Kraków, POLAND
Título del Libro: 11th International Conference on the European Energy Market (EEM14)
Fecha: 2014
ISBN: 978-1-4799-6094-1
Materias:
Palabras Clave Informales: Unit Commitment (UC), Electricity Prices Forecasting, Market strategy, Dynamic factor analysis, MILP
Escuela: E.T.S.I. Industriales (UPM)
Departamento: Ingeniería de Organización, Administración de Empresas y Estadística
Licencias Creative Commons: Reconocimiento - Sin obra derivada - No comercial

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Resumen

In this paper we present a solution for building a better strategy to take part in external electricity markets. For an optimal strategy development, both the internal system costs as well as the future values of the series of electricity prices in external markets need to be known. But in practice, the real problems that must be faced are that both future electricity prices and costs are unknown. Thus, the first ones must be modeled and forecasted and the costs must be calculated. Our methodology for building an optimal strategy consists of three steps: The first step is modeling and forecasting market prices in external systems. The second step is the cost calculation on internal system taking into account the expected prices in the first step. The third step is based on the results of the previous steps, and consists of preparing the bids for external markets. The main goal is to reduce consumers' costs unlike many others that are oriented to increase GenCo's profits.

Más información

ID de Registro: 38327
Identificador DC: http://oa.upm.es/38327/
Identificador OAI: oai:oa.upm.es:38327
URL Oficial: http://ieeexplore.ieee.org/xpl/mostRecentIssue.jsp?punumber=6855529
Depositado por: Memoria Investigacion
Depositado el: 27 Nov 2015 15:59
Ultima Modificación: 19 May 2017 15:35
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