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2008-05 Models for Electricity Generation Strategy in the 21st Century: New Roles and New Approaches
September 10-12, 2008


   Deregulation of electricity sector has deeply changed the requirements of the models used as decision-support tools by generation companies. Although this process has brought generation companies new opportunities, they have to face new decisions, and new risks. This course is focused on the new role of models for generation expansion and operation, from long- to short-term decisions.
It will cover both the adaptation of traditional techniques and the new techniques developed under the new framework.

The different functions and time scopes considered by models in the generation industry will be treated. The course will cover from long-term models used to establish global policies and generation expansion, to medium-and short-term tools that address operation strategies, risk assessment and strategic bidding among others.


Dr. Efraim Centeno (

   Efraim Centeno Hernáez was born in Logroño, La Rioja, Spain, in 1967. He obtained the Electronic Engineer degree from the Universidad Pontificia Comillas in 1991 and PhD degree in 1998. He is lecturer in the same University and teachs Circuit Analysis, Introduction to Electric Power Systems and Physics. His areas of interest include technical and economical operation of electric power systems, optimization, simulation and hidrothermal coordination. He has participated in several consultancy and research projects concerning this subjects for several electrical utilities.


Dr. Javier Reneses (

   Javier Reneses was born in Madrid in 1972. He obtained his Electrical Engineering Degree (1996) and a PhD in Industrial Engineering (2004) from the Universidad Pontificia Comillas (ICAI), Madrid, Spain, and a Degree in Mathematics from the Open University in Spain [Universidad Nacional de Educación a Distancia (UNED)] in 2005. He has worked as the responsible for Technical Education in the Asociation Fe y Alegría, in Bolivia. At present, he is a Research Fellow at the Instituto de Investigación Tecnológica. His areas of interest include operation, simulation models and planning of electric energy systems and risk management strategies in electricity markets.



E. Centeno
Universidad Pontificia Comillas

J. Reneses
Universidad Pontificia Comillas

Á. Baillo
Banco de Santander


S. Brown
Électricité de France


Hans-Jakob Lüthi
Swiss Federal Institute of Technologie

D. Bunn
London Business School

J. José Sánchez
Universidad Pontificia Comillas

N. Fabra
Universidad Carlos III

N. Mosquera

M. Saguan
École Supérieure d´Électricité - Supélec

P. Vásquez

Course duration and location

Three days - September 10th-12th 2008.
Universidad Pontificia Comillas de Madrid
Alberto Aguilera 23, 28015 Madrid – Spain


Courses Contents

Wednesday September 10th

  8:30 to  9:00 – Course registration
  9:00 to 10:00 – Dr. Efraim Centeno - Presentation and introduction to generation planning strategic models
10:00 to 11:30 – Dr. Álvaro Baillo - Strategic bidding in electricity spot markets
11:30 to 12:00 – Coffee break
12:00 to 13:30 – Dr. Natalia Fabra - ENERGEIA: a tool for simulating strategic bidding behaviour in electricity markets
13:30 to 15:30 – Lunch
15:30 to 17:00 – Dr. Hans-Jakob Lüthi - Risk management in power markets: the hedging value of production flexibility

Thursday September 11th

 8:30 to 10:00 – Dr. Marcelo Saguan - Experience with market test suite to simulate imperfect competitive behavior in electricity markets
10:00 to 11:30 – Dr. Javier Reneses - Coordination between medium-term planning and short-term operation in electricity markets
11:30 to 12:00 – Coffee break
12:00 to 13:30 – Ms. Pilar Vázquez - Models and applications for a generation firm. Experience of Iberdrola.
13:30 to 15:30 – Lunch
15:30 to 17:00 – Ms. Natalia Mosquera - Company necessities: application of a medium-term electricity market model at Endesa.

Friday September 12th

8:30 to 10:00 – Mr. Juan-José Sánchez - Modelling the influence of long-term strategies in the dynamics of electricity markets.
10:00 to 11:30 – Dr. Derek Bunn - Evaluating power investment options with uncertainty in climate policy
11:30 to 12:00 – Coffee break
12:00 to 13:30 – Mr. Steven Brown - Long-term electricity price modelling: an example of a bottom-up approach

Course fees

The course fees include lectures, documentation, coffee breaks and lunches according to the registration option.

Members of the EES - UETP: 525 €
University non members of the EES - UETP: 900 €
Industry non members of the EES - UETP: 1500 €

Please make a bank transfer to the following bank account:

Bank: BBVA
Address: C/ Alcalá 16, 28014 Madrid
Account number: 0182-2370-45-0201510629
IBAN: ES18-0182-2370-4502-0151-0629

and please send or fax a copy of the bank transfer to

Ms. Cristina Ruiz
Phone : (+34) 915 40 61 07 Fax : (+34) 915 42 31 76

Courses' Cancellation Policy:
notifications should be sent in writing to the course Coordinators. Cancellations received one week before the course will not be refunded.


Registration form

Registration Form



Special rates have been arranged at the following hotels (please refer to Universidad Pontificia Comillas when booking).

T3 Tirol
c/ Marqués de Urquijo, 4
P. (+34) 915481900
F. (+34) 915413958
100€+IVA (breakfast inc.)

NH Alb. Aguilera
c/ Alberto Aguilera, 18
P. (+34) 914460900
F. (+34) 914460904
128€+IVA (breakfast inc.)



Ms. Cristina Ruiz
Instituto de Investigación Tecnológica
Universidad Pontificia Comillas
Alberto Aguilera, 23 E-28015 Madrid, Spain
Phone : (+34) 915 40 61 07 Fax : (+34) 915 42 31 76

Deadline for inscriptions: September 3rd 2008 (the course secretariat will be closed during August.)