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Price maker self-scheduling in a pool-based electricity market: a mixed-integer LP approach Export

Power Systems, IEEE Transactions on, Vol. 17, No. 4. (2002), pp. 1037-1042.

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electricity-market energy

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This paper addresses the self-scheduling problem faced by a price-maker to achieve maximum profit in a pool-based electricity market. An exact and computationally efficient mixed-integer linear programming (MILP) formulation of this problem is presented. This formulation models precisely the price-maker capability of altering market-clearing prices to its own benefits, through price quota curves. No assumptions are made on the characteristics of the pool and its agents. A realistic case study is presented and the results obtained are analyzed in detail.


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