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CICYT
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Title: ELECTRICAL ENERGY
SYSTEM OPTIMAL OPERATIONS PLANNING THROUGH DECOMPOSITION
TECHNIQUES
Reference: DGICYT PB95-0472
Duration: 07/96 - 07/99
Principal Investigator: A. J.
Conejo.
Researchers: A. J. Conejo,
J. M. Arroyo, N. Alguacil, N. Jiménez, J. Pérez Ruiz.
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Title of the project: MARKET-CLEARING ALGORITHMS FOR COMPETITIVE ELECTRICITY MARKETS
Reference: CICYT DPI
2000-0654
Financing: CICYT
Participants: Universidad de
Castilla – La Mancha
Duration: 12/00 - 12/03
Principal Investigator: A.
J. Conejo
Researchers: A. J. Conejo,
J. Contreras, J. M. Arroyo
Summary: The purpose of this
project is the development of novel procedures and algorithms to
address, under competitive rules, a complex scheduling problem:
the assignment of production quantities to electric power units.
Two basic objectives are considered. Firstly, to develop a
physically and economically based market clearing mechanism
which preserves participant independence and produces solutions
with good properties from the microeconomics and optimality
points of view, for both, perfect and oligopolistic markets.
Secondly, to develop a market simulator algorithm to study,
analyse, and propose modifications to the market clearing
mechanism. It is also the objective of this project to complete
two Ph. D. theses, currently in the final stages of their
respective researchers, and the development of a third one
already started. Industry sectors with large scheduling problems
will benefit from the results of the proposed research work. The
electricity sector will be the direct beneficiary.
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Title of the project:
OPTIMAL RESPONSE TO THE ELECTRICITY MARKET BY PRODUCERS,
RETAILERS & CONSUMERS.
Reference: CICYT DPI
2003-01362
Financing: CICYT
Participants: Universidad de
Castilla – La Mancha
Duration: 12/03 - 12/06
Principal Investigator: A.
J. Conejo
Researchers: A. J. Conejo,
J. Contreras, J. M. Arroyo, N. Alguacil, F. Milano, R. García,
R. Espínola
Summary: The aim of this
project is to develop analytical and computational tools to help
power producers, retailers and consumers to optimize their
operations within an electricity market framework. The
development of those tools constitutes challenging research work.
Moreover, the international power engineering scientific
community is particularly interested in this research, as it
can be seen in major technical journals and conferences. The
research work needed to develop the tools mentioned will allow
completing three Ph. D. theses and making progress in other two.
Particularly, the research to be carried out includes tools for
energy markets, ancillary service markets and technical
constraint market. This research also includes decision-making
tools for selecting bilateral and financial contracts. Finally,
it should be emphasized that to optimize the operation of power
producer, retailers and consumers contributes to a higher social
welfare.
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Title of the project:
PRODUCTION, PROCUREMENT AND TRADING STRATEGIES IN ELECTRICITY
MARKETS VIA STOCHASTIC PROGRAMMING
Reference: CICYT DPI
2006-08001
Financing: CICYT
Participants: Universidad de
Castilla – La Mancha
Duration: 10/06-09/09
Principal Investigator: A.
J. Conejo
Researchers: A. J. Conejo, F. Milano, R.
García, R. Zárate, M. Carrión, F. D. Galiana, I. Kockar
Summary: The medium- and short-
term decision making models for electricity market agents
developed during the last decade do not properly incorporate the
uncertainty associated with electricity demand and price. This
is mainly due to the complexities associated with the
incorporation of such uncertainty. Therefore, we propose a
research effort to rigorously treat uncertainty in decision
making models for (i) production and contracting by producers, (ii)
procurement by consumers and (iii) trading by marketers. This
research effort will result in both better decision making
models and improvements in the requiered solution tecniques.
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Title of the project:
ANALYSIS OF POWER SYSTEMS VULNERABILITY TO DELIBERATE ATTACKS
Reference: CICYT DPI
2006-01501
Financing: CICYT.
Participants: Universidad de
Castilla – La Mancha
Duration: 10/06-09/09
Principal Investigator:
J. M. Arroyo
Researchers: J. M. Arroyo,
N. Alguacil, A. J. Conejo
Summary: Within the context of
increasingly more frequent intentional attacks to strategic
infrastructure, and recent blackouts throughout the world, and
particularly in Europe and Spain, the aim of this project is to
develop analytical and computational tools to analyze the
vulnerability of power systems to deliberate attacks. The
vulnerability assessment will be performed on (i) transmission
networks, typically meshed, in which a deliberate attack may
produce cascading outages over a large portion of the power
system, and (ii) distribution networks around large urban
centers, also meshed, wherein an intentional attack may
interrupt the supply to a large number of consumers. The
development of these tools constitutes challenging research work.
Moreover, the international power engineering scientific
community is particularly interested in this research, as can be
seen in major technical journals and conferences. Particularly,
the proposed research includes tools to help the operators of
transmission and distribution networks to identify the most
vulnerable components to deliberate attacks. This research also
includes tools for a more secure network operation. Finally, it
should be emphasized that the vulnerability of transmission and
distribution networks has a significant impact on the power
supply. Therefore, identifying the critical components of these
networks for their subsequent reinforcement ultimately
contributes to higher levels of social welfare.
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Title of the project:
INVESTMENT, PLANNING AND OPERATION OF ELECTRIC SYSTEMS WITH
DISTRIBUTED GENERATION
Reference: CICYT ENE
2006-02664
Financing: CICYT
Participants: Universidad de
Castilla – La Mancha
Duration: 10/06-09/09
Principal Investigator: J.
Contreras
Researchers:
J. Contreras, G. Gross, J. I. Muñoz, V. González
Summary:
According to the Institute of
Electrical and Electronic Engineers –IEEE-,
Distributed Generation (DG) is the generation of electricity
using equipment that is small enough as compared to the big
generation units, such that it can be connected almost anywhere
in the network. We can also define DG as the generation and
storage of electric energy at a small scale, as close as
possible to the load, with the possibility to interact (buy and
sell energy) using the grid. Due to the recent introduction of
DG in electric networks, the hypothesis that the energy is only
produced using large-scale units, that the flows are highly
predictable, and that the distribution networks act passively is
no longer valid. Thus, a new approach to the operation and
planning of the system must take into account the new
requirements imposed by the DG, as well as the role played by
the private investors.To address all these issues, the aim of
this project is to define investment infrastructure strategies
as well as rules that can foster private investments in DG, to
quantify the environmental benefits of DG, to define methods for
the secure operation and storage of the energy produced with DG
and to define capital investment models and criteria. We propose
five different models that interact with each other as part of a
common DG framework: an operation model, an energy storage model,
an environmental model, a generation investment model and a
network investment model in presence of DG. An array of tools
consisting of mathematical programming methods, microeconomics
models, statistical methods and planning techniques will be
deployed throughout the project to achieve the proposed
objectives.
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Title of the project:
RISK MANAGEMENT IN ELECTRICITY MARKETS
Reference: CICYT
DPI2009-09573
Financing: CICYT
Participants: Universidad de
Castilla – La Mancha
Duration: 01/10-12/12
Principal Investigator: A.
J. Conejo
Researchers:
M. Carrión
Summary:
The purpose of this project is to
develop risk-management models and tools for producers,
consumers and retailers in an electricity market including
futures trading and the pool. Nowadays no such models and tools
are available, but they are much needed for market agents to
make informed decisions. This research endeavor involves: 1.
Characterization and analysis of stochastic processes, including
statistical dependencies, for (i) prices in different markets,
(ii) wind availability, and (iii) the availability of production
units. 2. Analysis, characterization and modeling of different
risk hedging strategies for producers, including bilateral and
forward contracting, options, and insurances. 3. Analysis and
modeling of the specific issues pertaining to non-dispatchable
producers, such as wind power producers, and development of
mechanisms to hedge against financial losses due to non-dispatchability.
4. Analysis and modeling of the problems faced by consumers and
retailers that involve demand-side bidding in different markets
to achieve a risk-controlled electricity procurement. 5.
Detailed study of market structural and design issues that have
a significant influence on risk and risk hedging, such as the
number, types and characteristics of available futures or
adjustment markets. The models and decision-making tools to be
developed within this project are expected to contribute to a
higher stability and predictability of electricity market
outcomes, and to a more informed behavior of market
participants. The project work is expected to allow completing
four ongoing PhD theses and materializing two additional ones.
Results to be derived from the project are of interest for power
producers, retailers and consumers, software developers,
consultants and energy agencies.
Research
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