Tomada de decisões em leilões de energia elétrica de longo prazo/Decision making in long-term electricity auctions

An intelligent tool for decision aid in electric energy auctions is proposed. The proposed approach optimizes simultaneously the expected revenue maximization and the contract risks minimization. As risk metric, value at risk (VaR) is considered. To validate the proposed algorithm, two cases are pre...

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Bibliographic Details
Published in:Ingeniare : Revista Chilena de Ingenieria 2014-10, Vol.22 (4), p.539
Main Authors: Pinto, Mauro S S, Martins, Claudio R, Cerqueira, Sidney N, Trovão, Sergio A, Saavedra, Osvaldo R
Format: Article
Language:Portuguese
Subjects:
Algorithms
Auctions
Decision making
Electricity
Online Access:Get full text
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Summary:An intelligent tool for decision aid in electric energy auctions is proposed. The proposed approach optimizes simultaneously the expected revenue maximization and the contract risks minimization. As risk metric, value at risk (VaR) is considered. To validate the proposed algorithm, two cases are presented. The first one considers midsize hydrothermal agents and the second one takes into account part of the portfolio of a Brazilian company. The results show the risk perception from the point of view of GENCO's in competitive environment and demonstrate the effectiveness of the proposed algorithm in the decision support process.
ISSN:0718-3291
0718-3305