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

Author

Listed:
  • E. Centeno
  • B. Vitoriano
  • A. Campos
  • A. Muñoz
  • J. Villar
  • E.F. Sánchez-Úbeda

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

Suggested Citation

  • E. Centeno & B. Vitoriano & A. Campos & A. Muñoz & J. Villar & E.F. Sánchez-Úbeda, 2003. "A Goal Programming Model for Rescheduling of Generation Power in Deregulated Markets," Annals of Operations Research, Springer, vol. 120(1), pages 45-57, April.
    • Handle: RePEc:spr:annopr:v:120:y:2003:i:1:p:45-57:10.1023/a:1023366127386
    DOI: 10.1023/A:1023366127386
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