Abstract
This paper models the optimal joint offer of several wind farms in day-ahead market grouped through an external agent considering the imbalance penalty market. This problem is modeled as a stochastic mixed integer linear one and the objective function maximizes the expected profit of the daily operation with two kinds of offers: i) Separate wind farm offers and ii) A coordinated wind farm offer through an external agent. A risk-hedging measure is used and a case study will be analyzed comparing imbalances and expected profits
| Original language | English |
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| Publication status | Published - 2014 |
| Externally published | Yes |
| Event | 20th Conference of the International Federation of Operational Research Societies - Barcelona, Spain Duration: 13 Jul 2014 → 18 Jul 2014 |
Conference
| Conference | 20th Conference of the International Federation of Operational Research Societies |
|---|---|
| Abbreviated title | IFORS 2014 |
| Country/Territory | Spain |
| City | Barcelona |
| Period | 13/07/14 → 18/07/14 |
Keywords
- Applications, Energy
- Risk Analysis and Management