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Content archived on 2024-05-07

Short and long term optimization of electricity generation and trading

Objective

The project aims to develop, implement and test, on a high performance computing platform, a software system to simulate and optimise the energy generation and trading coordination planning process in large electricity generating systems, both in the short (1 day-1 week) and medium to long term (one-two years). Special consideration will be given to this process to the growing importance of the energy trading problem in a deregulated market.

The target is to develop and implement suitable mathematical algorithmic approaches for a parallel high performance environment, so that the solution times for a large size case of the above problem lie in the range of:
- 10-15 minutes for the short term planning problem, and
- 0,5-1 hour for the medium-long term planning problem
The currently available systems cannot attempt to solve the problem optimally. They only provide implementable solutions by addressing the problem as a sequence of subproblems which, on one hand require a computing effort that should be affordable with present systems and, on the other hand, do not guarantee by any means the global optimum of the solution. The proposed project addresses the improvement of both the quality (better planning, lower costs) and the efficiency (less response time) of the electric power planning and management related activities by the electric utilities.

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Call for proposal

Data not available

Coordinator

Iberdrola
EU contribution
No data
Address
Serrano 21,4°
28080 Madrid
Spain

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Total cost
No data

Participants (4)