Medium-term coordination in a network-constrained multi-period auction model for day-ahead markets of hydrothermal systems

GF Bregadioli, EC Baptista, L Nepomuceno… - International Journal of …, 2016 - Elsevier
International Journal of Electrical Power & Energy Systems, 2016Elsevier
This paper investigates strategies for coordinating the decisions calculated by a network-
constrained multi-period auction model of hydrothermal systems with the ones calculated by
medium-term problems. Initially, we discuss the necessity for implementing such
coordination strategies in hydrothermal systems from the standpoint of a market operator.
We investigate three alternative strategies for performing the coordination. The first strategy
incorporates primal information from the medium-term problem into the auction model in …
Abstract
This paper investigates strategies for coordinating the decisions calculated by a network-constrained multi-period auction model of hydrothermal systems with the ones calculated by medium-term problems. Initially, we discuss the necessity for implementing such coordination strategies in hydrothermal systems from the standpoint of a market operator. We investigate three alternative strategies for performing the coordination. The first strategy incorporates primal information from the medium-term problem into the auction model in order to perform coordination, while the second one makes use of dual information associated with the medium-term. A third strategy combining primal and dual information from the medium-term problem is also investigated. These strategies are compared by means of simulation results involving the IEEE 24-bus reliability test-system. The results focuses on evaluating the impact of the coordination strategies on market clearing prices and generation scheduling.
Elsevier
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