Ilak, Perica; Krajcar, Slavko; Rajšl, Ivan; Delimar, Marko - In: Energies 7 (2014) 4, pp. 2317-2342
This paper analyzes a price-taker hydro generating company which participates simultaneously in day-ahead energy and ancillary services markets. An approach for deriving marginal cost curves for energy and ancillary services is proposed, taking into consideration price uncertainty and...