Market Offering Strategies for
Hydro-electric Generators
Dr. Golbon Zakeri
Department of Mathematical Sciences
University of Wisconsin-Milwaukee
In the recent years, many countries have switched to a market mechanism for determining the price of electricity. Such markets have also been instituted in parts of the US including the Pacific northwest. We'll consider the problem of offering electricity, produced by a price-taker hydro generator operating a river chain, into a central market.
The market model is a simplified version of the New Zealand wholesale
electricity market. The prices are modeled by an independent sequence
or a Markov process.
Tuesday, 23 November 1999
4:10 p.m. in Math 109
Coffee/treats at 3:30 p.m. Math 104 (lounge)
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