Pricing Energy and Ancillary Services in a Day-Ahead Market for a Price-Taker Hydro Generating Company Using a Risk-Constrained Approach

Pricing Energy and Ancillary Services in a Day-Ahead Market for a Price-Taker Hydro Generating Company Using a Risk-Constrained Approach

This paper analyzes a price-taker hydro generating company which participates simultaneously in day-ahead energy and ancillary services markets. An approach for deriving marginal cost curves for energy and ancillary services is proposed, taking into consideration price uncertainty and opportunity co...

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Bibliographic Details
Main Authors: Perica Ilak, Slavko Krajcar, Ivan Rajšl, Marko Delimar
Format: Article
Language:English
Published: MDPI AG 2014-04-01
Series:Energies
Subjects:
hydropower plant
opportunity cost
water shadow price
day-ahead market
risk-aversion
conditional value at risk
ancillary services
Online Access:http://www.mdpi.com/1996-1073/7/4/2317

Internet

http://www.mdpi.com/1996-1073/7/4/2317

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