RT Report
T1 A bidding strategy for minimizing the imbalances costs for renewable generators in Spanish power markets
A1 Eransus, Francisco Javier
AB The aim of this paper is to suggest a simple methodology to be used by renewable power generators to bid in Spanish markets in order to minimize the cost of their imbalances. As it is known, the optimal bid depends on the probability distribution function of the energy to produce, of the probability distribution function of the future system imbalance and of its expected cost. We assume simple methods for estimating any of these parameters and, using actual data of 2014, we test the potential economic benefit for a wind generator from using our optimal bid instead of just the expected power generation. We find evidence that Spanish wind generators savings would be from 7% to 26%.
PB Facultad de Ciencias Económicas y Empresariales. Instituto Complutense de Análisis Económico (ICAE)
SN 2341-2356
YR 2016
FD 2016
LK https://hdl.handle.net/20.500.14352/27599
UL https://hdl.handle.net/20.500.14352/27599
LA eng
DS Docta Complutense
RD 3 ago 2025