LP model for day-ahead planning in energy trading

Abstract

In this paper, the problem of day-ahead planning in the trading section of energy trading companies has been considered. It has been assumed that the demand and supply are arranged and that the additional MW and transmission capacity can be purchased. The problem is observed as directed multiple-source and multiple-sink network and then represented by LP mathematical model of total daily profit maximization subject to flow constraints. A numerical example is presented to illustrate the application of the model.