A goal programming model for rescheduling of generation power in deregulated markets

A goal programming model for rescheduling of generation power in deregulated markets

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Article ID: iaor20033170
Country: Netherlands
Volume: 102
Issue: 1
Start Page Number: 45
End Page Number: 57
Publication Date: Apr 2003
Journal: Annals of Operations Research
Authors: , , , , ,
Keywords: programming: goal, scheduling, programming: integer
Abstract:

In deregulated electrical systems, production schedule for power plants is the result of an auction process. In the Spanish case, this schedule includes two main concepts: energy production (to be actually produced) and secondary reserve (to maintain available). The generation company faces the problem of converting energy schedule into a power schedule, respecting the reserve schedule as well as technical constraints, and trying to accomplish different goals: to minimise the production costs, to obtain smooth shapes for the power schedules and to optimise eventual compensation in schedules. A weighted goal mixed integer programming model with a real-size application to deal with this problem is presented.

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