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Constructing bidding curves for a price-taking retailer in the norwegian electricity market

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2 Author(s)
S. -E. Fleten ; Dept. of Ind. Econ. & Technol. Manage., Norwegian Univ. of Sci. & Technol., Trondheim, Norway ; E. Pettersen

We propose a stochastic linear programming model for constructing piecewise-linear bidding curves to be submitted to Nord Pool, which is the Nordic power exchange. We consider the case of a price-taking power marketer who supplies electricity to price-sensitive end users. The objective is to minimize the expected cost of purchasing power from the day-ahead energy market and the short-term balancing market. The model is illustrated using a case study with data from Norway.

Published in:

IEEE Transactions on Power Systems  (Volume:20 ,  Issue: 2 )