Original title: Day-ahead bidding on energy markets - a basic model and its extension to bidding curve
Authors: Branda, Martin
Document type: Papers
Conference/Event: International Scientific Conference Financial management of firms and financial institutions Ostrava 2015 /10./, Ostrava (CZ), 2015-09-07 / 2015-09-08
Year: 2015
Language: eng
Abstract: 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.
Keywords: day-ahead bidding; energy markets; two-stage stochastic programming; uncertainty; wind energy
Project no.: GA15-00735S (CEP)
Funding provider: GA ČR
Host item entry: Proceedings of 10th International Scientific Conference Financial management of firms and financial institutions Ostrava, ISBN 978-80-248-3865-6

Institution: Institute of Information Theory and Automation AS ČR (web)
Document availability information: Fulltext is available at external website.
External URL: http://library.utia.cas.cz/separaty/2015/E/branda-0457024.pdf
Original record: http://hdl.handle.net/11104/0257712

Permalink: http://www.nusl.cz/ntk/nusl-203164


The record appears in these collections:
Research > Institutes ASCR > Institute of Information Theory and Automation
Conference materials > Papers