Optimal design of bilateral contracts for energy procurement

François Gilbert, Miguel F. Anjos, Patrice Marcotte and Gilles Savard

European Journal of Operational Research, 2015, vol. 246, issue 2, 641-650

Abstract: In this paper, we consider the problem of optimizing the portfolio of an aggregator that interacts with the energy grid via bilateral contracts. The purpose of the contracts is to achieve the pointwise procurement of energy to the grid. The challenge raised by the coordination of scattered resources and the securing of obligations over the planning horizon is addressed through a twin-time scale model, where robust short term operational decisions are contingent on long term resource usage incentives that embed the full extent of contract specifications.

Keywords: Distributed energy resource; Bilateral contract; Dynamic resource allocation (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:246:y:2015:i:2:p:641-650

DOI: 10.1016/j.ejor.2015.04.050

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