A Goal Programming Model for Rescheduling of Generation Power in Deregulated Markets

E. Centeno, B. Vitoriano, A. Campos, A. Muñoz, J. Villar and E.F. Sánchez-Úbeda ()

Annals of Operations Research, 2003, vol. 120, issue 1, 45-57

Abstract: In deregulated electrical systems, production schedule for power plants is the result of an auction process. In the Spanish case, this schedule includes two main concepts: energy production (to be actually produced) and secondary reserve (to maintain available). The generation company faces the problem of converting energy schedule into a power schedule, respecting the reserve schedule as well as technical constraints, and trying to accomplish different goals: to minimise the production costs, to obtain smooth shapes for the power schedules and to optimise eventual compensation in schedules. A weighted goal mixed integer programming model with a real-size application to deal with this problem is presented. Copyright Kluwer Academic Publishers 2003

Keywords: electricity markets; power generation dispatch; goal programming; integer programming; short-term scheduling (search for similar items in EconPapers)
Date: 2003
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DOI: 10.1023/A:1023366127386

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