New types of optimization problems are faced by the generating companies that operate on deregulated electricity markets. The characteristics of these problems depend on the various market structures. In the framework of the recently settled Italian electricity market, one of these new problems is the transition from hourly energy programs, defined by the market, to more detailed power generation dispatches, defined for intervals of 15min. Such a more detailed plan is needed on the one hand by the national system operator (Terna, Rete Elettrica Nazionale) for the assessment of power system stability and security, and on the other hand by the power plant operators for its implementation. The transition procedure should respect the hourly energy constraints and take the main operating constraints of the generating units into account. The paper presents possible solutions of the problem through linear optimizationmodels and reports computational results on real-world instances.
A. Borghetti, A. Lodi, S. Martello, M. Martignani, C. A. Nucci, A. Trebbi (2007). An optimization problem in the electricity market. 4OR, 5 (3), 247-259 [10.1007/s10288-006-0003-7].
An optimization problem in the electricity market
BORGHETTI, ALBERTO;LODI, ANDREA;MARTELLO, SILVANO;NUCCI, CARLO ALBERTO;
2007
Abstract
New types of optimization problems are faced by the generating companies that operate on deregulated electricity markets. The characteristics of these problems depend on the various market structures. In the framework of the recently settled Italian electricity market, one of these new problems is the transition from hourly energy programs, defined by the market, to more detailed power generation dispatches, defined for intervals of 15min. Such a more detailed plan is needed on the one hand by the national system operator (Terna, Rete Elettrica Nazionale) for the assessment of power system stability and security, and on the other hand by the power plant operators for its implementation. The transition procedure should respect the hourly energy constraints and take the main operating constraints of the generating units into account. The paper presents possible solutions of the problem through linear optimizationmodels and reports computational results on real-world instances.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
