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Stochastic short-term maintenance scheduling of GENCOs in an oligopolistic electricity market

2013Journal article Open access
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dc.contributor.authorGhazvini, Mohammad Ali F.
dc.contributor.authorCanizes, Bruno
dc.contributor.authorVale, Zita
dc.contributor.authorMorais, H.
dc.date.accessioned2014-01-21T11:07:40Z
dc.date.available2014-01-21T11:07:40Z
dc.date.issued2013
dc.description.abstractIn the proposed model, the independent system operator (ISO) provides the opportunity for maintenance outage rescheduling of generating units before each short-term (ST) time interval. Long-term (LT) scheduling for 1 or 2 years in advance is essential for the ISO and the generation companies (GENCOs) to decide their LT strategies; however, it is not possible to be exactly followed and requires slight adjustments. The Cournot-Nash equilibrium is used to characterize the decision-making procedure of an individual GENCO for ST intervals considering the effective coordination with LT plans. Random inputs, such as parameters of the demand function of loads, hourly demand during the following ST time interval and the expected generation pattern of the rivals, are included as scenarios in the stochastic mixed integer program defined to model the payoff-maximizing objective of a GENCO. Scenario reduction algorithms are used to deal with the computational burden. Two reliability test systems were chosen to illustrate the effectiveness of the proposed model for the ST decision-making process for future planned outages from the point of view of a GENCO.por
dc.identifier.doi10.1016/j.apenergy.2012.07.009pt_PT
dc.identifier.issn0306-2619
dc.identifier.urihttp://hdl.handle.net/10400.22/3390
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherElsevierpor
dc.relation.ispartofseriesApplied Energy; Vol. 101
dc.relation.publisherversionhttp://www.sciencedirect.com/science/article/pii/S0306261912005211por
dc.subjectCournot modelpor
dc.subjectGame theorypor
dc.subjectMaintenance schedulingpor
dc.subjectNash equilibriumpor
dc.subjectOligopolistic marketpor
dc.subjectStochastic mixed integer programmingpor
dc.titleStochastic short-term maintenance scheduling of GENCOs in an oligopolistic electricity marketpor
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage677por
oaire.citation.startPage667por
oaire.citation.titleApplied Energy
oaire.citation.volumeVol. 101por
person.familyNameCanizes
person.familyNameVale
person.givenNameBruno
person.givenNameZita
person.identifier632184
person.identifier.ciencia-idA411-F561-E922
person.identifier.ciencia-id721B-B0EB-7141
person.identifier.orcid0000-0002-9808-5537
person.identifier.orcid0000-0002-4560-9544
person.identifier.ridI-3492-2017
person.identifier.ridA-5824-2012
person.identifier.scopus-author-id35408699300
person.identifier.scopus-author-id7004115775
rcaap.rightsopenAccesspor
rcaap.typearticlepor
relation.isAuthorOfPublication7ea215ea-79d5-42be-a870-a0c8b23cf556
relation.isAuthorOfPublicationff1df02d-0c0f-4db1-bf7d-78863a99420b
relation.isAuthorOfPublication.latestForDiscovery7ea215ea-79d5-42be-a870-a0c8b23cf556

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