New national-funded research project on electricity markets modeling and optimization with renewables
electricity markets, energy, renewables, wind generation
The research project Forecasting and optimization of wind generation in energy markets (FOWGEM, fowgem.upc.edu) has been accepted for granting by the Spanish's National Program of R+D+i for the Challenges of the Society. This is a collaborative project coordinated by the Universitat Politècnica de Catalunya, where the project leaders are prof. Ma. Pilar Muñoz, from LIAM, and prof. F.-Javier Heredia, from GNOM, in collaboration with the Universidad Pontificia de Comillas, where the project leader is prof. Andrés Ramos, IIT. Besides these two universities the following universities electrical utilities and research centers participate in the project:
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Universities: Universitat Autònoma de Barcelona (Catalonia, Spain); Euskal Herriko Unibersitatea (Basc Country, Spain); Universidade Paulista Júlia de Mesquita Filho (Brasil); North Carolina State University (USA).
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Electrical Utilities and research centers: Iberdrola, Gas Natural - Fenosa, Catalonia Institute for Energy Research
Project FOWGEM aims at aplying a global approach to the problem of the optimal integration of the wind-enery generation of a generation company in the wholesale electricity market through the combination of statistical forecasting models, mathematical programming models for electricity markets and advanced large-scale optimization algorithms.
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