Summary:
In deregulated electrical systems, production schedule for power plants is the result of an auction process. In the Spanish case, this schedule includes two main concepts: energy production (to be actually produced) and secondary reserve (to maintain available). The generation company faces the problem of converting energy schedule into a power schedule, respecting the reserve schedule as well as technical constraints, and trying to accomplish different goals: to minimise the production costs, to obtain smooth shapes for the power schedules and to optimise eventual compensation in schedules. A weighted goal mixed integer programming model with a real-size application to deal with this problem is presented.
Keywords: Electricity markets, power generation dispatch, goal programming, integer programming, short-term scheduling
JCR Impact Factor and WoS quartile: 4,400 - Q1 (2023)
DOI reference:
https://doi.org/10.1023/A:1023366127386
Published on paper: April 2003.
Citation:
E. Centeno, B. Vitoriano, F.A. Campos, A. Muñoz, J. Villar, E.F. Sánchez-Úbeda, A goal programming model for rescheduling of generation power in deregulated markets. Annals of Operations Research. Vol. 120, nº. 1-4, pp. 45 - 57, April 2003.
