eprintid: 2177
rev_number: 9
eprint_status: archive
userid: 6
dir: disk0/00/00/21/77
datestamp: 2014-03-05 14:18:21
lastmod: 2014-03-05 14:26:18
status_changed: 2014-03-05 14:18:21
type: book_section
metadata_visibility: show
creators_name: Puglia, Laura
creators_name: Patrinos, Panagiotis
creators_name: Bernardini, Daniele
creators_name: Bemporad, Alberto
creators_id: 
creators_id: panagiotis.patrinos@imtlucca.it
creators_id: daniele.bernardini@imtlucca.it
creators_id: alberto.bemporad@imtlucca.it
title: Reliability and efficiency for market parties in power systems
ispublished: pub
subjects: HB
subjects: QA75
divisions: CSA
full_text_status: none
keywords: Distributed power generation, Optimization,
Power generation planning, Predictive control, Smart grids
note: 10th International Conference on the European Energy Market (EEM13), Stockholm, Sweden, 27-31 May 2013 
abstract: In this paper we present control strategies for solving the problems of risk-averse bidding on the electricity markets, focusing on the Day-Ahead and Ancillary Services market, and of optimal real-time power dispatch from the point of view of a market participant, or Balance Responsible Party (BRP). For what concerns the bidding problem, the proposed algorithms are based on two-stage stochastic programming and are aimed at finding the optimal allocation of production between the day-ahead exchange market and the ancillary services market. For the real-time power dispatch problem, we devised a two-level hierarchical control strategy, where the upper-level computes economically optimal power set-points for the generators, and the lower level tracks them while considering constraints and dynamical models of the plant. Simulation results based on realistic data modeling the Dutch transmission network are shown to evaluate the effectiveness of the approach.
date: 2013-05
publisher: IEEE
pagerange: 1-8
event_title: European Energy Market (EEM), 2013 10th International Conference on the
id_number: 10.1109/EEM.2013.6607416
refereed: TRUE
book_title: Proceedings of the 10th International Conference on the European Energy Market (EEM13)
official_url: http://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=6607416&isnumber=6607268
projects: This work was supported by the European project E–Price: Price-based Control of Electrical Power Systems, FP7-IST contract no. 249096
citation:   Puglia, Laura and Patrinos, Panagiotis and Bernardini, Daniele and Bemporad, Alberto  Reliability and efficiency for market parties in power systems.   In:  Proceedings of the 10th International Conference on the European Energy Market (EEM13).   IEEE, pp. 1-8.       (2013)