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

doi:10.1109/PESGM.2015.7286125

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 proceeding › Conference contribution › Academic › peer-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 language	English
Title of host publication	2015 IEEE Power & Energy Society General Meeting
Place of Publication	Piscataway
Publisher	Institute of Electrical and Electronics Engineers
Pages	1-5
Number of pages	5
ISBN (Electronic)	978-1-4673-8040-9
DOIs	https://doi.org/10.1109/PESGM.2015.7286125
Publication status	Published - 2015
Externally published	Yes
Event	2015 IEEE Power and Energy Society General Meeting, PESGM 2015 - Sheraton Denver Downtown Hotel, Denver, United States Duration: 26 Jul 2015 → 30 Jul 2015 http://www.pes-gm.org/2015/

Conference

Conference	2015 IEEE Power and Energy Society General Meeting, PESGM 2015
Abbreviated title	PESGM 2015
Country/Territory	United States
City	Denver
Period	26/07/15 → 30/07/15
Other	"Powering Up the Next Generation"
Internet address	http://www.pes-gm.org/2015/

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Access to Document

10.1109/PESGM.2015.7286125

Cite this

@inproceedings{691bee0513094eb9b27524a7f7e26b37,

title = "Short-Term trading for a photovoltaic power producer in electricity markets",

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.",

author = "\{S{\'a}nchez de la Nieta\}, A.A. and R.F.M. Martins and T.A.M. Tavares and J.C.O. Matias and J.P.S. Catal{\~a}o and J. Contreras",

year = "2015",

doi = "10.1109/PESGM.2015.7286125",

language = "English",

pages = "1--5",

booktitle = "2015 IEEE Power \& Energy Society General Meeting",

publisher = "Institute of Electrical and Electronics Engineers",

address = "United States",

note = "2015 IEEE Power and Energy Society General Meeting, PESGM 2015, PESGM 2015 ; Conference date: 26-07-2015 Through 30-07-2015",

url = "http://www.pes-gm.org/2015/",

}

Sánchez de la Nieta, AA, Martins, RFM, Tavares, TAM, Matias, JCO, Catalão, JPS & Contreras, J 2015, Short-Term trading for a photovoltaic power producer in electricity markets. in 2015 IEEE Power & Energy Society General Meeting. Institute of Electrical and Electronics Engineers, Piscataway, pp. 1-5, 2015 IEEE Power and Energy Society General Meeting, PESGM 2015, Denver, Colorado, United States, 26/07/15. https://doi.org/10.1109/PESGM.2015.7286125

Short-Term trading for a photovoltaic power producer in electricity markets. / Sánchez de la Nieta, A.A.; Martins, R.F.M.; Tavares, T.A.M. et al.
2015 IEEE Power & Energy Society General Meeting. Piscataway: Institute of Electrical and Electronics Engineers, 2015. p. 1-5.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

TY - GEN

T1 - Short-Term trading for a photovoltaic power producer in electricity markets

AU - Sánchez de la Nieta, A.A.

AU - Martins, R.F.M.

AU - Tavares, T.A.M.

AU - Matias, J.C.O.

AU - Catalão, J.P.S.

AU - Contreras, J.

PY - 2015

Y1 - 2015

N2 - 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.

AB - 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.

U2 - 10.1109/PESGM.2015.7286125

DO - 10.1109/PESGM.2015.7286125

M3 - Conference contribution

SP - 1

EP - 5

BT - 2015 IEEE Power & Energy Society General Meeting

PB - Institute of Electrical and Electronics Engineers

CY - Piscataway

T2 - 2015 IEEE Power and Energy Society General Meeting, PESGM 2015

Y2 - 26 July 2015 through 30 July 2015

ER -

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

Abstract

Conference

UN SDGs

Access to Document

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Cite this