The effect of electric transmission constraints on how power generation companies bid in the Colombian electrical power market
This paper presents the results of research about the effect of transmission constraints on both expected electrical energy to be dispatched and power generation companies’ bidding strategies in the Colombian electrical power market. The proposed model simulates the national transmission grid and ec...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universidad Nacional de Colombia
2010-05-01
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| Series: | Ingeniería e Investigación |
| Subjects: | |
| Online Access: | https://revistas.unal.edu.co/index.php/ingeinv/article/view/15735 |
| _version_ | 1828752567577870336 |
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| author | Luis Eduardo Gallego Vega Oscar Germán Duarte Velasco |
| author_facet | Luis Eduardo Gallego Vega Oscar Germán Duarte Velasco |
| author_sort | Luis Eduardo Gallego Vega |
| collection | DOAJ |
| description | This paper presents the results of research about the effect of transmission constraints on both expected electrical energy to be dispatched and power generation companies’ bidding strategies in the Colombian electrical power market. The proposed model simulates the national transmission grid and economic dispatch by means of optimal power flows. The proposed methodology allows structural problems in the power market to be analyzed due to the exclusive effect of trans- mission constraints and the mixed effect of bidding strategies and transmission networks. A new set of variables is proposed for quantifying the impact of each generation company on system operating costs and the change in expected dispatched energy. A correlation analysis of these new variables is presented, revealing some interesting linearities in some generation companies’ bidding patterns. |
| first_indexed | 2024-12-10T21:10:48Z |
| format | Article |
| id | doaj.art-3fa0053685ac4d6289dc72014d7693de |
| institution | Directory Open Access Journal |
| issn | 0120-5609 2248-8723 |
| language | English |
| last_indexed | 2024-12-10T21:10:48Z |
| publishDate | 2010-05-01 |
| publisher | Universidad Nacional de Colombia |
| record_format | Article |
| series | Ingeniería e Investigación |
| spelling | doaj.art-3fa0053685ac4d6289dc72014d7693de2022-12-22T01:33:28ZengUniversidad Nacional de ColombiaIngeniería e Investigación0120-56092248-87232010-05-01302627714496The effect of electric transmission constraints on how power generation companies bid in the Colombian electrical power marketLuis Eduardo Gallego Vega0Oscar Germán Duarte Velasco1Universidad Nacional de ColombiaUniversidad Nacional de ColombiaThis paper presents the results of research about the effect of transmission constraints on both expected electrical energy to be dispatched and power generation companies’ bidding strategies in the Colombian electrical power market. The proposed model simulates the national transmission grid and economic dispatch by means of optimal power flows. The proposed methodology allows structural problems in the power market to be analyzed due to the exclusive effect of trans- mission constraints and the mixed effect of bidding strategies and transmission networks. A new set of variables is proposed for quantifying the impact of each generation company on system operating costs and the change in expected dispatched energy. A correlation analysis of these new variables is presented, revealing some interesting linearities in some generation companies’ bidding patterns.https://revistas.unal.edu.co/index.php/ingeinv/article/view/15735electrical constraintbidding priceoptimal power flowbidding strategypower market |
| spellingShingle | Luis Eduardo Gallego Vega Oscar Germán Duarte Velasco The effect of electric transmission constraints on how power generation companies bid in the Colombian electrical power market Ingeniería e Investigación electrical constraint bidding price optimal power flow bidding strategy power market |
| title | The effect of electric transmission constraints on how power generation companies bid in the Colombian electrical power market |
| title_full | The effect of electric transmission constraints on how power generation companies bid in the Colombian electrical power market |
| title_fullStr | The effect of electric transmission constraints on how power generation companies bid in the Colombian electrical power market |
| title_full_unstemmed | The effect of electric transmission constraints on how power generation companies bid in the Colombian electrical power market |
| title_short | The effect of electric transmission constraints on how power generation companies bid in the Colombian electrical power market |
| title_sort | effect of electric transmission constraints on how power generation companies bid in the colombian electrical power market |
| topic | electrical constraint bidding price optimal power flow bidding strategy power market |
| url | https://revistas.unal.edu.co/index.php/ingeinv/article/view/15735 |
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