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Due to the implementation of new markets, i.e. intraday markets as well as the markets for reserve, a higher number of planning uncertainties has to be considered within the operation planning of power plants. Besides outages of thermal power plants and prices at day-ahead wholesale markets, the prices at the intraday market and the market for minute reserve as well as the requested amount of reserve...
Besides the established electricity markets, power plant operators have nowadays the chance to market their generation capacities at reserve markets. In addition to day-ahead markets, i.e. the spot market for electrical energy and the market for minute reserve, power plant operators have the opportunity to participate in intraday markets, which become more and more significant. Another degree of freedom...
Due to the deregulation of the electricity industry, generating companies are exposed to price uncertainties in their planning process. On the other hand, companies can benefit from the opportunity to enter new markets, e.g. markets for reserve. Hence, tools for generation and trading planning must be able to meet the new demands of taking both the uncertainties and new marketing opportunities into...
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