Matches in SemOpenAlex for { <https://semopenalex.org/work/W4210807204> ?p ?o ?g. }
- W4210807204 endingPage "112189" @default.
- W4210807204 startingPage "112189" @default.
- W4210807204 abstract "In deregulated power markets, electricity suppliers have the option to trade in the spot market, derivatives market, and bilateral contract market. The spot market is always available and open to competition, but the variability and risk incurred need to be carefully handled. The suppliers might allocate their capacity in the derivatives and bilateral contract market if these alternatives are more viable. The strike price, bilateral contract price, and spot market prices need to be used to decide the capacity allocation problem considering the generation cost of the supplier. This paper first examines the market design and electricity trading in the Turkish electricity market. Then three problems were proposed for a coal-fired coal unit that aims to allocate its capacity to spot, derivative, and bilateral contract markets to maximize its expected profit. A Monte Carlo method is used for allocated electricity capacities, spot market, strike, and bilateral contract price scenarios. A simulation methodology is then proposed that includes capacities allocated to each market and price scenarios. The best capacity allocation strategy is determined that return the highest expected profits for all market price samples. The model is illustrated for a coal unit in the Turkish electricity market. The results are presented for the case, including 100 spot price samples, 100 capacity scenarios, 3 scenarios for the strike, and bilateral contract prices. The sensitivity analysis for spot price volatility on the profit is also presented with 20% volatility increase. It is shown that allocating the capacity to more than one market can increase the total expected profit for a power supplier and the rate of increase varies depending on the scenario set." @default.
- W4210807204 created "2022-02-08" @default.
- W4210807204 creator A5066424573 @default.
- W4210807204 date "2022-05-01" @default.
- W4210807204 modified "2023-10-09" @default.
- W4210807204 title "Electricity trading for coal-fired power plants in Turkish power market considering uncertainty in spot, derivatives and bilateral contract market" @default.
- W4210807204 cites W1527668015 @default.
- W4210807204 cites W1965516325 @default.
- W4210807204 cites W1984991459 @default.
- W4210807204 cites W1986964123 @default.
- W4210807204 cites W1992224932 @default.
- W4210807204 cites W1999210230 @default.
- W4210807204 cites W2003424378 @default.
- W4210807204 cites W2007194755 @default.
- W4210807204 cites W2011394589 @default.
- W4210807204 cites W2024636186 @default.
- W4210807204 cites W2049986915 @default.
- W4210807204 cites W2056497258 @default.
- W4210807204 cites W2060261774 @default.
- W4210807204 cites W2063285900 @default.
- W4210807204 cites W2067967009 @default.
- W4210807204 cites W2078462325 @default.
- W4210807204 cites W2084274993 @default.
- W4210807204 cites W2087487880 @default.
- W4210807204 cites W2087951542 @default.
- W4210807204 cites W2096220984 @default.
- W4210807204 cites W2115316590 @default.
- W4210807204 cites W2121369107 @default.
- W4210807204 cites W2123244457 @default.
- W4210807204 cites W2133033133 @default.
- W4210807204 cites W2140281944 @default.
- W4210807204 cites W2144768657 @default.
- W4210807204 cites W2147358880 @default.
- W4210807204 cites W2151873092 @default.
- W4210807204 cites W2613425668 @default.
- W4210807204 cites W2767030085 @default.
- W4210807204 cites W2786215208 @default.
- W4210807204 cites W2898024820 @default.
- W4210807204 cites W2914259667 @default.
- W4210807204 cites W2921039650 @default.
- W4210807204 cites W2923660377 @default.
- W4210807204 cites W2964379003 @default.
- W4210807204 cites W2965954699 @default.
- W4210807204 cites W2982966404 @default.
- W4210807204 cites W3046936571 @default.
- W4210807204 cites W4235477575 @default.
- W4210807204 cites W4253340275 @default.
- W4210807204 doi "https://doi.org/10.1016/j.rser.2022.112189" @default.
- W4210807204 hasPublicationYear "2022" @default.
- W4210807204 type Work @default.
- W4210807204 citedByCount "8" @default.
- W4210807204 countsByYear W42108072042022 @default.
- W4210807204 countsByYear W42108072042023 @default.
- W4210807204 crossrefType "journal-article" @default.
- W4210807204 hasAuthorship W4210807204A5066424573 @default.
- W4210807204 hasConcept C106159729 @default.
- W4210807204 hasConcept C106306483 @default.
- W4210807204 hasConcept C119599485 @default.
- W4210807204 hasConcept C127413603 @default.
- W4210807204 hasConcept C144133560 @default.
- W4210807204 hasConcept C146733006 @default.
- W4210807204 hasConcept C162324750 @default.
- W4210807204 hasConcept C175223733 @default.
- W4210807204 hasConcept C175444787 @default.
- W4210807204 hasConcept C181622380 @default.
- W4210807204 hasConcept C206658404 @default.
- W4210807204 hasConcept C2775881736 @default.
- W4210807204 hasConcept C2776789725 @default.
- W4210807204 hasConcept C2781127519 @default.
- W4210807204 hasConcept C38904191 @default.
- W4210807204 hasConcept C52837651 @default.
- W4210807204 hasConcept C64112148 @default.
- W4210807204 hasConcept C91602232 @default.
- W4210807204 hasConceptScore W4210807204C106159729 @default.
- W4210807204 hasConceptScore W4210807204C106306483 @default.
- W4210807204 hasConceptScore W4210807204C119599485 @default.
- W4210807204 hasConceptScore W4210807204C127413603 @default.
- W4210807204 hasConceptScore W4210807204C144133560 @default.
- W4210807204 hasConceptScore W4210807204C146733006 @default.
- W4210807204 hasConceptScore W4210807204C162324750 @default.
- W4210807204 hasConceptScore W4210807204C175223733 @default.
- W4210807204 hasConceptScore W4210807204C175444787 @default.
- W4210807204 hasConceptScore W4210807204C181622380 @default.
- W4210807204 hasConceptScore W4210807204C206658404 @default.
- W4210807204 hasConceptScore W4210807204C2775881736 @default.
- W4210807204 hasConceptScore W4210807204C2776789725 @default.
- W4210807204 hasConceptScore W4210807204C2781127519 @default.
- W4210807204 hasConceptScore W4210807204C38904191 @default.
- W4210807204 hasConceptScore W4210807204C52837651 @default.
- W4210807204 hasConceptScore W4210807204C64112148 @default.
- W4210807204 hasConceptScore W4210807204C91602232 @default.
- W4210807204 hasLocation W42108072041 @default.
- W4210807204 hasOpenAccess W4210807204 @default.
- W4210807204 hasPrimaryLocation W42108072041 @default.
- W4210807204 hasRelatedWork W1981747136 @default.
- W4210807204 hasRelatedWork W1995842283 @default.
- W4210807204 hasRelatedWork W2029612111 @default.
- W4210807204 hasRelatedWork W2106887006 @default.