Title :
Probabilistic Optimality in Long-Term Energy Sales
Author_Institution :
Universidad Nacional de Colombia, Colombia
Abstract :
This article introduces a graphic methodology that makes it possible to compare over a wide range of probabilities the revenues that a generator obtains using different policies to decide how much energy to sell under long-term contracts and how much on the spot market. Examples are provided based on results for the Colombian Power System.
Keywords :
Contracts; Data analysis; Dictionaries; Graphics; Information analysis; Marketing and sales; Power system analysis computing; Power system dynamics; Power systems; Protocols; Electric markets policies probabilistic comparison;
Journal_Title :
Power Engineering Review, IEEE
DOI :
10.1109/MPER.2002.4312000
