Day-ahead bidding on energy markets - a basic model and its extension to bidding curve

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F15%3A00457024" target="_blank" >RIV/67985556:_____/15:00457024 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Day-ahead bidding on energy markets - a basic model and its extension to bidding curve

Original language description

Wind resources energy production is highly influenced by uncertain weather conditions. We provide several simple models for bidding on day-ahead energy markets, which take into account the uncertainty. The obtained optimal bids and bidding curve are based not only on the point prediction, but also on the forecasted distribution of generated energy. We relate the resulting problems to two-stage stochastic programs with simple recourse.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

BB - Applied statistics, operational research

OECD FORD branch

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Project

<a href="/en/project/GA15-00735S" target="_blank" >GA15-00735S: Stability analysis of optima and equilibria in economics</a><br>

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2015

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of 10th International Scientific Conference Financial management of firms and financial institutions Ostrava

ISBN

978-80-248-3865-6

ISSN

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e-ISSN

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Number of pages

5

Pages from-to

124-128

Publisher name

VŠB-Technická univerzita Ostrava

Place of publication

Ostrava

Event location

Ostrava

Event date

Sep 7, 2015

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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