Optimizing supply strategies in the Spanish Electrical Market

Authors:
Enrique A. La Cal Marín;Luciano Sánchez Ramos
Affiliations:
Dpto. de Informática, Laboratorio de Metrología y Modelos, Universidad de Oviedo, Gijøn, España 33203;Dpto. de Informática, Laboratorio de Metrología y Modelos, Universidad de Oviedo, Gijøn, España 33203
Venue:
IWANN '03 Proceedings of the 7th International Work-Conference on Artificial and Natural Neural Networks: Part II: Artificial Neural Nets Problem Solving Methods
Year:
2009

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Abstract

The price of electrical energy in Spain has not been regulated by the government since 1998, but determined by the supply from the generators in a competitive market, the so-called "electrical pool". In this work, we present a genetic algorithm-based method that allow us to simulate Cournot-like equilibrium situations in the Spanish pool. A perfect oligipolistic behavior of the agents will be assumed. The output of the algorithm being proposed here contains an approximation to the optimal supply curves of the competing agents.