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Multi-Objective Portfolio Optimization of Electricity Markets Participation

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dc.contributor.authorFaia, Ricardo
dc.contributor.authorPinto, Tiago
dc.contributor.authorVale, Zita
dc.contributor.authorManuel Corchado, Juan
dc.date.accessioned2021-09-23T14:38:16Z
dc.date.available2021-09-23T14:38:16Z
dc.date.issued2018
dc.description.abstractPower and energy systems are being subject to relevant changes, mostly due to the large increase of distributed generation. These changes include the deregulation of electricity markets, which has become a more competitive marketplace due to the increase of the number of players based on renewable energy sources. This paper proposes a new portfolio optimization model for the participation in multiple alternative/complementary market opportunities, considering the risk management. The proposed model considers electricity as the asset to be negotiated. The risk is measured using the prediction error of electricity prices. A case study based on real data from Iberian electricity market-MIBEL assesses the results of the proposed model, using a particle swarm based optimization. Results show that using the proposed portfolio optimization model, market players are able to balance their market participation strategies depending on their risk aversion and profit seeking nature.pt_PT
dc.description.sponsorshipThe present work was done and funded in the scope of the following projects: NetEfficity Project (P2020 - 18015), European Union's Horizon 2020 research and innovation programme under the Marie Sklodowska- Curie grant agreement No 703689 (project ADAPT); and UID/EEA/00760/2013 funded by FEDER Funds through COMPETE program and by National Funds through FCT.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doi10.23919/PSCC.2018.8443006pt_PT
dc.identifier.isbn978-1-910963-10-4
dc.identifier.urihttp://hdl.handle.net/10400.22/18518
dc.language.isoengpt_PT
dc.publisherIEEEpt_PT
dc.relationP2020 - 18015pt_PT
dc.relationAdaptive Decision support for Agents negotiation in electricity market and smart grid Power Transactions
dc.relation.publisherversionhttps://ieeexplore.ieee.org/document/8443006pt_PT
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/pt_PT
dc.subjectDistributed generationpt_PT
dc.subjectDecision supportpt_PT
dc.subjectElectricity marketspt_PT
dc.subjectPortfolio Optimizaitonpt_PT
dc.titleMulti-Objective Portfolio Optimization of Electricity Markets Participationpt_PT
dc.typeconference object
dspace.entity.typePublication
oaire.awardTitleAdaptive Decision support for Agents negotiation in electricity market and smart grid Power Transactions
oaire.awardURIinfo:eu-repo/grantAgreement/EC/H2020/703689/EU
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/5876/UID%2FEEA%2F00760%2F2013/PT
oaire.citation.conferencePlaceDublin, Irlandpt_PT
oaire.citation.endPage6pt_PT
oaire.citation.startPage1pt_PT
oaire.citation.title2018 Power Systems Computation Conference (PSCC)pt_PT
oaire.fundingStreamH2020
oaire.fundingStream5876
person.familyNameFaia
person.familyNamePinto
person.familyNameVale
person.givenNameRicardo Francisco Marcos
person.givenNameTiago
person.givenNameZita
person.identifier78FtZwIAAAAJ
person.identifierR-000-T7J
person.identifier632184
person.identifier.ciencia-id9B12-19F6-D6C7
person.identifier.ciencia-id2414-9B03-C4BB
person.identifier.ciencia-id721B-B0EB-7141
person.identifier.orcid0000-0002-1053-7720
person.identifier.orcid0000-0001-8248-080X
person.identifier.orcid0000-0002-4560-9544
person.identifier.ridT-2245-2018
person.identifier.ridA-5824-2012
person.identifier.scopus-author-id35219107600
person.identifier.scopus-author-id7004115775
project.funder.identifierhttp://doi.org/10.13039/501100008530
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameEuropean Commission
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsopenAccesspt_PT
rcaap.typeconferenceObjectpt_PT
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