Article ID: | iaor201527310 |
Volume: | 246 |
Issue: | 2 |
Start Page Number: | 641 |
End Page Number: | 650 |
Publication Date: | Oct 2015 |
Journal: | European Journal of Operational Research |
Authors: | Marcotte Patrice, Savard Gilles, Anjos Miguel F, Gilbert Franois |
Keywords: | economics, combinatorial optimization |
In this paper, we consider the problem of optimizing the portfolio of an aggregator that interacts with the energy grid via bilateral contracts. The purpose of the contracts is to achieve the pointwise procurement of energy to the grid. The challenge raised by the coordination of scattered resources and the securing of obligations over the planning horizon is addressed through a twin‐time scale model, where robust short term operational decisions are contingent on long term resource usage incentives that embed the full extent of contract specifications.