Price maker self-scheduling in a pool-based electricity market: a mixed-integer LP approach
- 1 November 2002
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Power Systems
- Vol. 17 (4) , 1037-1042
- https://doi.org/10.1109/tpwrs.2002.804945
Abstract
This paper addresses the self-scheduling problem faced by a price-maker to achieve maximum profit in a pool-based electricity market. An exact and computationally efficient mixed-integer linear programming (MILP) formulation of this problem is presented. This formulation models precisely the price-maker capability of altering market-clearing prices to its own benefits, through price quota curves. No assumptions are made on the characteristics of the pool and its agents. A realistic case study is presented and the results obtained are analyzed in detail.Keywords
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