Summary:
The Spanish wholesale electricity market started on January 1st 1998. Though it is based on simple price/quantity bids, it incorporates some provisions to take thermal plant running requirements into account. This paper presents these rules and its mathematical treatment, focusing on a possible implementation of the “minimum income condition”, which allows thermal generators to declare minimum stable loads. It also shows another key point in the debate: whether the algorithm should minimize costs or consumer payments
JCR Impact Factor and WoS quartile: 6,500 - Q1 (2023)
DOI reference:
https://doi.org/10.1109/59.801892
Published on paper: November 1999.
Published on-line: November 1999.
Citation:
J. Alonso, A. Trías, V. Gaitan, J. Alba, Thermal plant bids and market clearing in an electricity pool. Minimization of costs vs. minimization of consumer payments. IEEE Transactions on Power Systems. Vol. 14, nº. 4, pp. 1327 - 1334, November 1999. [Online: November 1999]
