A Stochastic Electricity Market Clearing Formulation with Consistent Pricing Properties
From MaRDI portal
Publication:4604894
DOI10.1287/opre.2016.1576zbMath1407.91185arXiv1510.08335OpenAlexW2215252713MaRDI QIDQ4604894
John R. Birge, Victor M. Zavala, Ki Baek Kim, Mihai Anitescu
Publication date: 6 March 2018
Published in: Operations Research (Search for Journal in Brave)
Full work available at URL: https://arxiv.org/abs/1510.08335
Stochastic models in economics (91B70) Microeconomic theory (price theory and economic markets) (91B24) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)
Related Items
Operations Research: Topics, Impact, and Trends from 1952–2019, Clustering-based preconditioning for stochastic programs, Capacity expansion of stochastic power generation under two-stage electricity markets, Commitment and dispatch of heat and power units via affinely adjustable robust optimization, On stochastic auctions in risk-averse electricity markets with uncertain supply, Optimal procurement of flexibility services within electricity distribution networks, Value at risk approach to producer's best response in an electricity market with uncertain demand, Moving from linear to conic markets for electricity, Coordination of power and natural gas markets via financial instruments, On the inefficiency of the merit order in forward electricity markets with uncertain supply, Market-based coordination of integrated electricity and natural gas systems under uncertain supply, Fairness measures for decision-making and conflict resolution
Cites Work
- Efficient market-clearing prices in markets with nonconvexities
- Financial transmission rights in convex pool markets.
- Electricity market clearing with improved scheduling of stochastic production
- Multiarea Stochastic Unit Commitment for High Wind Penetration in a Transmission Constrained Network
- A Single-Settlement, Energy-Only Electric Power Market for Unpredictable and Intermittent Participants
- Introduction to Stochastic Programming
- Single and Multisettlement Approaches to Market Clearing Under Demand Uncertainty