Market Offering Strategies for Hydro-electric Generators

Authors

Dr. Golbon Zakeri, Department of Mathematical Sciences, University of Wisconsin-Milwaukee

Document Type

Presentation Abstract

Presentation Date

11-23-1999

Abstract

In the recent years, many countries have switched to a market mechanism for determining the price of electricity. Such markets have also been instituted in parts of the US including the Pacific northwest. We'll consider the problem of offering electricity, produced by a price-taker hydro generator operating a river chain, into a central market.

The market model is a simplified version of the New Zealand wholesale electricity market. The prices are modeled by an independent sequence or a Markov process.

Additional Details

Tuesday, 23 November 1999
4:10 p.m. in Math 109
Coffee/treats at 3:30 p.m. Math 104 (lounge)

Recommended Citation

Zakeri, Dr. Golbon, "Market Offering Strategies for Hydro-electric Generators" (1999). Colloquia of the Department of Mathematical Sciences. 54.
https://scholarworks.umt.edu/mathcolloquia/54