Short-Term trading for a photovoltaic power producer in electricity markets

A.A. Sánchez de la Nieta, R.F.M. Martins, T.A.M. Tavares, J.C.O. Matias, J.P.S. Catalão, J. Contreras

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

6 Citations (Scopus)

Abstract

Premiums for renewable energy are being reduced as a consequence of the world economic crisis. This paper models the trading of the energy generated by a photovoltaic generator. The problem is solved through stochastic mixed integer linear programming where the objective function aims at maximizing the profit of selling the photovoltaic production in the day-ahead market. The model is tested without any premium and market and imbalance market prices are forecasted using AR, MA and ARIMA models while photovoltaic production is simulated using Montecarlo method. The model is tested for a case study where the behaviour of the offer, imbalances, incomes and costs is analyzed.
Original languageEnglish
Title of host publication2015 IEEE Power & Energy Society General Meeting
Place of PublicationPiscataway
PublisherInstitute of Electrical and Electronics Engineers
Pages1-5
Number of pages5
ISBN (Electronic)978-1-4673-8040-9
DOIs
Publication statusPublished - 2015
Externally publishedYes
EventIEEE Power and Energy Society General Meeting, PESGM 2015 - Sheraton Denver Downtown Hotel, Denver, United States
Duration: 26 Jul 201530 Jul 2015
http://www.pes-gm.org/2015/

Conference

ConferenceIEEE Power and Energy Society General Meeting, PESGM 2015
Abbreviated titlePESGM 2015
Country/TerritoryUnited States
CityDenver
Period26/07/1530/07/15
Other"Powering Up the Next Generation"
Internet address

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