Solving a bilevel strategic offering model for a generation company in a hydrothermal energy market: A new convexification approach

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MetadadosDescriçãoIdioma
Autor(es): dc.contributorUniversidade Estadual Paulista (UNESP)-
Autor(es): dc.contributorThe Ohio State University-
Autor(es): dc.creatorLêdo, João A.S.-
Autor(es): dc.creatorNepomuceno, Leonardo-
Autor(es): dc.creatorConejo, Antonio J.-
Data de aceite: dc.date.accessioned2025-08-21T22:47:25Z-
Data de disponibilização: dc.date.available2025-08-21T22:47:25Z-
Data de envio: dc.date.issued2025-04-29-
Data de envio: dc.date.issued2024-11-30-
Fonte completa do material: dc.identifierhttp://dx.doi.org/10.1016/j.epsr.2024.110986-
Fonte completa do material: dc.identifierhttps://hdl.handle.net/11449/307136-
Fonte: dc.identifier.urihttp://educapes.capes.gov.br/handle/11449/307136-
Descrição: dc.descriptionThis paper proposes a bilevel strategic offering (SO) model suitable for a strategic company (SC) that operates in a hydro-dominated day-ahead energy market. The upper-level model of the proposed SO model maximizes the SC's profits, while the lower-level model embodies a hydrothermal market clearing (MC). This MC incorporates detailed hydro and thermal constraints for units of both the SC and non-strategic companies (NSC), in addition to the network constraints. The proposed solution approach entails replacing the lower-level model with its corresponding primal and dual constraints, along with a strong duality equality constraint. This leads to a non-convex mathematical programming with equilibrium constraints (MPEC) model, which is then reformulated to feature only a single bilinear term in its structure. Finally, the recast MPEC model is convexified around an initial point and solved iteratively until a convergence criteria is achieved. The model and solution approach proposed are evaluated on an adapted version of the IEEE 24-bus system, exploring scenarios where the SC acts strategically or non-strategically (perfect competition).-
Descrição: dc.descriptionCoordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)-
Descrição: dc.descriptionUniversidade Estadual Paulista Faculdade de Engenharia, SP-
Descrição: dc.descriptionDepartment of Integrated Systems Engineering and Department of Electrical and Computer Engineering The Ohio State University-
Descrição: dc.descriptionUniversidade Estadual Paulista Faculdade de Engenharia, SP-
Descrição: dc.descriptionCAPES: 88881.690493/2022-01-
Descrição: dc.descriptionCAPES: 88887.685105/2022-00-
Idioma: dc.languageen-
Relação: dc.relationElectric Power Systems Research-
???dc.source???: dc.sourceScopus-
Palavras-chave: dc.subjectBilevel optimization problems-
Palavras-chave: dc.subjectDay-ahead energy market-
Palavras-chave: dc.subjectMarket power-
Palavras-chave: dc.subjectStrategic offering-
Palavras-chave: dc.subjectBilevel-
Palavras-chave: dc.subjectDay-ahead energy markets-
Palavras-chave: dc.subjectLevel model-
Palavras-chave: dc.subjectMarket clearing-
Palavras-chave: dc.subjectMarket Power-
Palavras-chave: dc.subjectMathematical programming with equilibrium constraints-
Palavras-chave: dc.subjectSolution approach-
Palavras-chave: dc.subjectStrategic companies-
Título: dc.titleSolving a bilevel strategic offering model for a generation company in a hydrothermal energy market: A new convexification approach-
Tipo de arquivo: dc.typelivro digital-
Aparece nas coleções:Repositório Institucional - Unesp

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