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Intertemporal Considerations in Supply Offer Development in the wholesale electricity market

Over the last 20 years, electricity markets around the world have gradually been deregulated, creating wholesale markets in which generating companies compete for the right to supply electricity, through an offering system. This thesis considers the optimisation of the offering process from the perspective of an individual generator, subject to intertemporal constraints including fuel limitations, correlated rest-of-market behaviour patterns and unit operational decisions. Contributions from the thesis include a Pre-Processing scheme that results in considerable computational benefits for a two-level Dynamic Programming method, in addition to the development of a new process that combines the techniques of Decision Analysis and Dynamic Programming.

Identiferoai:union.ndltd.org:canterbury.ac.nz/oai:ir.canterbury.ac.nz:10092/863
Date January 2007
CreatorsStewart, Paul Andrew
PublisherUniversity of Canterbury. Management
Source SetsUniversity of Canterbury
LanguageEnglish
Detected LanguageEnglish
TypeElectronic thesis or dissertation, Text
RightsCopyright Paul Andrew Stewart, http://library.canterbury.ac.nz/thesis/etheses_copyright.shtml
RelationNZCU

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