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dc.contributor.authorLima, Ricardo
dc.date.accessioned2017-06-05T08:35:48Z
dc.date.available2017-06-05T08:35:48Z
dc.date.issued2015-01-07
dc.identifier.urihttp://hdl.handle.net/10754/624107
dc.description.abstractThis work address the optimization under uncertainty of the self-scheduling, forward contracting, and pool involvement of an electricity producer operating a mixed power generation station, which combines thermal, hydro and wind sources, and uses a two-stage adaptive robust optimization approach. In this problem the wind power production and the electricity pool price are considered to be uncertain, and are described by uncertainty convex sets. Two variants of a constraint generation algorithm are proposed, namely a primal and dual version, and they are used to solve two case studies based on two different producers. Their market strategies are investigated for three different scenarios, corresponding to as many instances of electricity price forecasts. The effect of the producers’ approach, whether conservative or more risk prone, is also investigated by solving each instance for multiple values of the so-called budget parameter. It was possible to conclude that this parameter influences markedly the producers’ strategy, in terms of scheduling, profit, forward contracting, and pool involvement. Regarding the computational results, these show that for some instances, the two variants of the algorithms have a similar performance, while for a particular subset of them one variant has a clear superiority
dc.relation.urlhttp://mediasite.kaust.edu.sa/Mediasite/Play/3d10d05c713a49b696e71ee11bbe29941d?catalog=ca65101c-a4eb-4057-9444-45f799bd9c52
dc.titleRobust Optimization of the Self- scheduling and Market Involvement for an Electricity Producer
dc.typePresentation
dc.contributor.departmentComputer, Electrical and Mathematical Sciences and Engineering (CEMSE) Division
dc.conference.dateJanuary 6-9, 2015
dc.conference.nameAdvances in Uncertainty Quantification Methods, Algorithms and Applications (UQAW 2015)
dc.conference.locationKAUST
kaust.personLima, Ricardo
refterms.dateFOA2018-06-13T18:16:01Z


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