Bidding in sequential electricity markets: The Nordic case
作者: Trine Krogh BoomsmaNina JuulStein-Erik Fleten
作者单位: 1Department of Mathematical Sciences, University of Copenhagen, Universitetsparken 5, 2100 København Ø, Denmark
2System Analysis, Technical University of Denmark, Frederiksborgvej 399, 4000 Roskilde, Denmark
3Norwegian University of Science and Technology, Høgskoleringen 1, 7491 Trondheim, Norway
刊名: European Journal of Operational Research, 2014, Vol.238 (3), pp.797-809
来源数据库: Elsevier Journal
DOI: 10.1016/j.ejor.2014.04.027
关键词: OR in energyStochastic programmingScenario generationElectricity marketsBidding
英文摘要: Abstract(#br)For electricity market participants trading in sequential markets with differences in price levels and risk exposure, it is relevant to analyze the potential of coordinated bidding. We consider a Nordic power producer who engages in the day-ahead spot market and the hour-ahead balancing market. In both markets, clearing prices and dispatched volumes are unknown at the time of bidding. However, in the balancing market, the market participant faces an additional risk of not being dispatched. Taking into account the sequential clearing of these markets and the gradual realization of market prices, we formulate the bidding problem as a multi-stage stochastic program. We investigate whether higher risk exposure may cause hesitation to bid into the balancing market. Furthermore, we...
全文获取路径: Elsevier  (合作)
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影响因子:2.038 (2012)

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