Optimal design of bilateral contracts for energy procurement

François Gilbert, Miguel F. Anjos, Patrice Marcotte, Gilles Savard

Research output: Contribution to journalArticlepeer-review

Abstract

In this paper, we consider the problem of optimizing the portfolio of an aggregator that interacts with the energy grid via bilateral contracts. The purpose of the contracts is to achieve the pointwise procurement of energy to the grid. The challenge raised by the coordination of scattered resources and the securing of obligations over the planning horizon is addressed through a twin-time scale model, where robust short term operational decisions are contingent on long term resource usage incentives that embed the full extent of contract specifications.
Original languageEnglish
Pages (from-to)641-650
JournalEuropean Journal of Operational Research
Volume246
Issue number2
Early online date7 May 2015
DOIs
Publication statusPublished - 1 Oct 2015

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