2005-03-11Buch DOI: 10.18452/8334
Optimization of physical purchasing for a price-taking retailer in the Norwegian electricity market
Humboldt-Universität zu Berlin, Mathematisch-Naturwissenschaftliche Fakultät II, Institut für Mathematik
We propose a stochastic linear programming model for constructing piecewise linear bidding curves to be submitted to Nord Pool, the Nordic power exchange. We consider the case of a price-taking power marketer who supplies electricity to pricesensitive end users. The objective is to minimize the expected cost of purchasing power from the day-ahead energy market and the short term balancing market. The model is illustrated using a case study with data from Norway.