Název:
Day-ahead bidding on energy markets - a basic model and its extension to bidding curve
Autoři:
Branda, Martin Typ dokumentu: Příspěvky z konference Konference/Akce: International Scientific Conference Financial management of firms and financial institutions Ostrava 2015 /10./, Ostrava (CZ), 2015-09-07 / 2015-09-08
Rok:
2015
Jazyk:
eng
Abstrakt: Wind resources energy production is highly influenced by uncertain weather conditions. We provide several simple models for bidding on day-ahead energy markets, which take into account the uncertainty. The obtained optimal bids and bidding curve are based not only on the point prediction, but also on the forecasted distribution of generated energy. We relate the resulting problems to two-stage stochastic programs with simple recourse.
Klíčová slova:
day-ahead bidding; energy markets; two-stage stochastic programming; uncertainty; wind energy Číslo projektu: GA15-00735S (CEP) Poskytovatel projektu: GA ČR Zdrojový dokument: Proceedings of 10th International Scientific Conference Financial management of firms and financial institutions Ostrava, ISBN 978-80-248-3865-6