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Title: Optimal Bidding Strategies of Wind-Thermal Power Producers
Authors: Rui, Laia
Hugo, Pousinho
Rui, Melício
Victor, Mendes
Keywords: Mixed-integer linear programming
stochastic optimization
wind-thermal coordination
offering strategies
Issue Date: Apr-2016
Abstract: This paper addresses a stochastic mixed-integer linear programming model for solving the self-scheduling problem of a thermal and wind power producer acting in an electricity market. Uncertainty on market prices and on wind power is modelled via a scenarios set. The mathematical formulation of thermal units takes into account variable and start-up costs and operational constraints like: ramp up/down limits and minimum up/down time limits. A mixed-integer linear formulation is used to obtain the offering strategies of the coordinated production of thermal and wind energy generation, aiming the profit maximization. Finally, a case study is presented and results are discussed.
Type: bookPart
Appears in Collections:FIS - Publicações - Capítulos de Livros

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