Economic and environmental implications of different approaches to hedge against wind production uncertainty in two-settlement electricity markets: A PJM case study
Sign Up to like & getrecommendations! Published in 2019 at "Energy Economics"
DOI: 10.1016/j.eneco.2019.01.015
Abstract: This paper examines the economic and environmental outcomes of four two-settlement electricity market clearing designs. The first design corresponds to a Deterministic Market Clearing (DMC) similar to the mechanism currently used in organized wholesale electricity… read more here.
Keywords: market clearing; production uncertainty; electricity; market ... See more keywords
Market Clearing and Settlement Using Participant Based Distributed Slack Optimal Power Flow Model for a Double Sided Electricity Auction Market –Part I
Sign Up to like & getrecommendations! Published in 2018 at "Electric Power Components and Systems"
DOI: 10.1080/15325008.2018.1460639
Abstract: Abstract AC and DC OPF models are widely used in the industry for market clearing and settlement of primary electricity market. Research works available in literature have used locational marginal price to price electricity. But… read more here.
Keywords: market; power; electricity; model ... See more keywords
On the Solution of Revenue- and Network-Constrained Day-Ahead Market Clearing Under Marginal Pricing—Part I: An Exact Bilevel Programming Approach
Sign Up to like & getrecommendations! Published in 2017 at "IEEE Transactions on Power Systems"
DOI: 10.1109/tpwrs.2016.2551046
Abstract: The first of this two-paper series addresses a practical day-ahead auction model, where generation revenue constraints are explicitly incorporated in the problem formulation, as routinely done in several national electricity markets across Europe. The revenue-constrained… read more here.
Keywords: marginal pricing; day ahead; market; solution ... See more keywords
Convexifying Market Clearing of SoC-Dependent Bids From Merchant Storage Participants
Sign Up to like & getrecommendations! Published in 2022 at "IEEE Transactions on Power Systems"
DOI: 10.1109/tpwrs.2023.3242470
Abstract: State-of-charge (SoC) dependent bidding allows merchant storage participants to incorporate SoC-dependent operation and opportunity costs in a bid-based market clearing process. However, such a bid results in a non-convex cost function in the multi-interval economic… read more here.
Keywords: merchant storage; dependent bids; market clearing; storage participants ... See more keywords
Distribution Market-Clearing and Pricing Considering Coordination of DSOs and ISO: An EPEC Approach
Sign Up to like & getrecommendations! Published in 2021 at "IEEE Transactions on Smart Grid"
DOI: 10.1109/tsg.2021.3061282
Abstract: Distribution-level electricity market provides a platform for trading energy and grid services from large-amount of small-scale distributed energy resources (DERs) located on distribution grids. The behavior of the DERs in the distribution electricity market may… read more here.
Keywords: market; distribution market; model; distribution ... See more keywords
An intelligent model for predicting the day-ahead deregulated market clearing price: A hybrid NN-PSO-GA approach
Sign Up to like & getrecommendations! Published in 2018 at "Scientia Iranica"
DOI: 10.24200/sci.2018.50910.1909
Abstract: Under restructuring of electric power industry and changing traditional vertically integrated electric utility structure to competitive, market clearing price (MCP) prediction models are essential for all generation company (GenCos) for their survival under new deregulated… read more here.
Keywords: clearing price; market; model; mcp ... See more keywords