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Optimal Bidding Strategies of Wind-Thermal Power Producers

Abstract : This paper addresses a stochastic mixed-integer linear programming model for solving the self-scheduling problem of a thermal and wind power producer acting in an electricity market. Uncertainty on market prices and on wind power is modelled via a scenarios set. The mathematical formulation of thermal units takes into account variable and start-up costs and operational constraints like: ramp up/down limits and minimum up/down time limits. A mixed-integer linear formulation is used to obtain the offering strategies of the coordinated production of thermal and wind energy generation, aiming the profit maximization. Finally, a case study is presented and results are discussed.
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R. Laia, H. I. Pousinho, R. Melício, V. F. Mendes. Optimal Bidding Strategies of Wind-Thermal Power Producers. 7th Doctoral Conference on Computing, Electrical and Industrial Systems (DoCEIS), Apr 2016, Costa de Caparica, Portugal. pp.494-503, ⟨10.1007/978-3-319-31165-4_46⟩. ⟨hal-01438276⟩



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