DocumentCode :
3596696
Title :
Strategies to fulfill medium-term objectives through short-term operation in competitive power markets
Author :
Reneses, J. ; Ba?­llo, A. ; Centeno, E. ; Ventosa, M. ; Rivier, M. ; Ramos, A.
Author_Institution :
Investigacion Tecnologica, Univ. Pontificia Comillas, Madrid, Spain
Volume :
2
fYear :
2003
Abstract :
This work presents two different approaches in order to guarantee that short-term decisions made by a generation company taking part in a wholesale electricity market are consistent with its operation objectives formulated from a medium-term perspective. In particular, it shows how certain economic signals must be used so as to orient short-term decisions toward medium-term objectives. The paper focuses in the case of a generation company that establishes a minimum-market-share objective for the medium term, and shows the implications of the different guidelines that can be used in the short-term operation in order to achieve that objective.
Keywords :
power generation planning; power generation scheduling; power markets; generation company; generation scheduling; medium-term planning; power markets; Costs; Electricity supply industry; Guidelines; Power generation; Power generation economics; Power markets; Power system economics; Power system planning; Resource management; Scheduling;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Power Tech Conference Proceedings, 2003 IEEE Bologna
Print_ISBN :
0-7803-7967-5
Type :
conf
DOI :
10.1109/PTC.2003.1304605
Filename :
1304605
Link To Document :
بازگشت