Funding entity Endesa Medios y Sistemas S.L
The project's general objective is to carry out the necessary developments to ensure that all tools linked to the EXCOM model can account for negative prices in the day-ahead market and introduce refinements in the water value curves for each hydroelectric facility.
Layman's summary: This project is part of the developments of the Excom model, which allows: 1) determining the schedule of start-ups and shutdowns of the thermal units of ENEL-Endesa, as well as their provisional hourly scheduling, 2) determining the optimal management of hydro resources, and 3) obtaining estimates of daily market prices (MD) taking into account the complete portfolio of purchases and sales of ENEL-Endesa, as well as estimates of the behavior of competing agents. This collaboration focuses on enabling negative prices.
Techniques employed: Mixed integer linear programming
2024_EXCOM_PreciosNeg
