Energy Portfolio Optimization for Electric Utilities: Case Study for Germany

  • Steffen Rebennack
  • Josef Kallrath
  • Panos M. Pardalos
Chapter
Part of the Energy Systems book series (ENERGY)

Abstract

We discuss a portfolio optimization problem occurring in the energy market. Energy distributing public services have to decide how much of the requested energy demand has to be produced in their own power plant, and which complementary amount has to be bought from the spot market and from load following contracts. This problem is formulated as a mixed-integer linear programming problem and implemented in GAMS. The formulation is applied to real data of a German electricity distributor.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2010

Authors and Affiliations

  • Steffen Rebennack
    • 1
  • Josef Kallrath
    • 2
  • Panos M. Pardalos
    • 1
  1. 1.Department of Industrial & Systems Engineering, Center for Applied OptimizationUniversity of FloridaGainesvilleUSA
  2. 2.Department of AstronomyUniversity of FloridaGainesvilleUSA

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