Stochastic Optimization in Generation and Trading Planning

Thomas Hartmann (), Boris Blaesig (), Gerd Hinüber () and Hans-Jürgen Haubrich ()
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Thomas Hartmann: RWTH
Boris Blaesig: RWTH
Gerd Hinüber: RWTH
Hans-Jürgen Haubrich: RWTH

A chapter in Operations Research Proceedings 2006, 2007, pp 259-264 from Springer

Abstract: Abstract In the process of the generation and trading planning, generation companies maximize the contribution margin, i.e. the difference of the revenues of energy trades and the costs for generating and purchasing electrical energy. The planning time horizon of this process covers a period of one month to one year. The complex planning task necessitates the application of computer-based tools [1]. Due to structural changes within the power industry, these tools have to be adapted continuously to the new conditions.

Keywords: Future Market; Contribution Margin; Market Area; Spot Market; Generation Company (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-540-69995-8_43

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DOI: 10.1007/978-3-540-69995-8_43

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