By Topic

Coordination between medium-term generation planning and short-term operation in electricity markets

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

3 Author(s)
Reneses, J. ; Sch. of Eng., Univ. Pontificia Comillas, Madrid, Spain ; Centeno, E. ; Barquin, J.

This paper analyzes the coordination between medium-term generation planning and short-term operation in electricity markets. This coordination is particularly important from a practical point of view in order to guarantee that certain aspects of the operation that arise in the medium-term level are explicitly taken into account: limited-energy resources and obligatory-use resources. Three different approaches are proposed in order to guarantee that short-term decisions made by a generation company are consistent with its operation objectives formulated from a medium-term perspective. These approaches make use of technical and economic signals to coordinate both time scopes: primal information, dual information, and resource-valuation functions. This paper presents the main advantages and drawbacks of the three approaches and applies them to a case study that uses a conjectural-variation-based representation of the market.

Published in:

Power Systems, IEEE Transactions on  (Volume:21 ,  Issue: 1 )