bibtype C - Conference Paper (international conference)
ARLID 0507761
utime 20240103222435.6
mtime 20190822235959.9
SCOPUS 85075142837
DOI 10.11159/icert19.105
title (primary) (eng) Producer's Best Response in Pay-as-clear Electricity Market with Uncertain Demand
specification
page_count 2 s.
media_type P
serial
ARLID cav_un_epca*0507775
ISBN 978-1-927877-62-3
ISSN 2369-8128
title Proceedings of the 5th World Congress on New Technologies (NewTech'19)
publisher
place Ontario
name International ASET Inc.
year 2019
keyword Nash equilibria
keyword uncertainty
keyword Independent System Operator (ISO)
author (primary)
ARLID cav_un_auth*0298685
share 25
name1 Aussel
name2 D.
country FR
author
ARLID cav_un_auth*0280972
share 25
name1 Branda
name2 Martin
institution UTIA-B
full_dept (cz) Matematická teorie rozhodování
full_dept Department of Decision Making Theory
department (cz) MTR
department MTR
full_dept Department of Decision Making Theory
country CZ
fullinstit Ústav teorie informace a automatizace AV ČR, v. v. i.
author
ARLID cav_un_auth*0015558
share 25
name1 Henrion
name2 R.
country DE
author
ARLID cav_un_auth*0234872
share 25
name1 Pištěk
name2 Miroslav
institution UTIA-B
full_dept (cz) Matematická teorie rozhodování
full_dept Department of Decision Making Theory
department (cz) MTR
department MTR
full_dept Department of Decision Making Theory
country CZ
garant K
fullinstit Ústav teorie informace a automatizace AV ČR, v. v. i.
source
url http://library.utia.cas.cz/separaty/2019/MTR/pistek-0507761.pdf
cas_special
project
ARLID cav_un_auth*0348851
project_id GA17-08182S
agency GA ČR
project
ARLID cav_un_auth*0373104
project_id GA18-04145S
agency GA ČR
country CZ
abstract (eng) In this work, we are particularly focused on several sources of uncertainty in (pay-as-clear) electricity markets. To deal with stochastic demand we employ the so-called chance constrained formulations of the problem [1] of the ISO as well as the problem of each producer. In detail, the ISO minimizes the production cost using a value-at-risk (VaR) approach, thus hedging against discrepancies between estimated and real electricity demand. Similarly, in the day-ahead market, each producer is hedging against the uncertainty of his own prediction of the demand using VaR approach again. In such a setting we aim at determining the “best response” of a given producer, i.e. the bid maximizing its profit.
action
ARLID cav_un_auth*0378928
name World Congress on New Technologies (NewTech'19) /5./
dates 20190818
mrcbC20-s 20190820
place Lisabon
country PT
RIV BA
FORD0 10000
FORD1 10100
FORD2 10101
reportyear 2020
num_of_auth 4
presentation_type PO
inst_support RVO:67985556
permalink http://hdl.handle.net/11104/0298746
mrcbC61 1
confidential S
article_num 105
arlyear 2019
mrcbU14 85075142837 SCOPUS
mrcbU24 PUBMED
mrcbU34 WOS
mrcbU63 cav_un_epca*0507775 Proceedings of the 5th World Congress on New Technologies (NewTech'19) 978-1-927877-62-3 2369-8128 Ontario International ASET Inc. 2019