Market-clearing with stochastic security - Part II: Case studies

François Bouffard; Francisco D. Galiana; Antonio J. Conejo

doi:10.1109/TPWRS.2005.857015

Market-clearing with stochastic security - Part II: Case studies

François Bouffard, Francisco D. Galiana, Antonio J. Conejo

Research output: Contribution to journal › Article › peer-review

Abstract

This paper analyzes the market-clearing formulation with stochastic security developed in its companion paper through two case studies solved using mixed-integer linear programming techniques. The generation and reserve schedules as well as the nodal prices of energy and security are assessed under various conditions such as a) line flow limits, b) when nonspinning reserve is excluded from the formulation, c) demand-side valuation of energy not served, d) generator ramping limits, and e) the set of pre-selected contingencies. © 2005 IEEE.

Original language	English
Pages (from-to)	1827-1835
Number of pages	8
Journal	IEEE Transactions on Power Systems
Volume	20
Issue number	4
DOIs	https://doi.org/10.1109/TPWRS.2005.857015
Publication status	Published - Nov 2005

Keywords

Computational complexity
Electricity markets
Expected load not served
Marginal pricing
Mixed-integer linear programming
Reserve
Security
Stochastic unit commitment
Value of lost load

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10.1109/TPWRS.2005.857015

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title = "Market-clearing with stochastic security - Part II: Case studies",

abstract = "This paper analyzes the market-clearing formulation with stochastic security developed in its companion paper through two case studies solved using mixed-integer linear programming techniques. The generation and reserve schedules as well as the nodal prices of energy and security are assessed under various conditions such as a) line flow limits, b) when nonspinning reserve is excluded from the formulation, c) demand-side valuation of energy not served, d) generator ramping limits, and e) the set of pre-selected contingencies. {\textcopyright} 2005 IEEE.",

keywords = "Computational complexity, Electricity markets, Expected load not served, Marginal pricing, Mixed-integer linear programming, Reserve, Security, Stochastic unit commitment, Value of lost load",

author = "Fran{\c c}ois Bouffard and Galiana, {Francisco D.} and Conejo, {Antonio J.}",

year = "2005",

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language = "English",

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journal = "IEEE Transactions on Power Systems",

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AU - Galiana, Francisco D.

AU - Conejo, Antonio J.

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AB - This paper analyzes the market-clearing formulation with stochastic security developed in its companion paper through two case studies solved using mixed-integer linear programming techniques. The generation and reserve schedules as well as the nodal prices of energy and security are assessed under various conditions such as a) line flow limits, b) when nonspinning reserve is excluded from the formulation, c) demand-side valuation of energy not served, d) generator ramping limits, and e) the set of pre-selected contingencies. © 2005 IEEE.

KW - Computational complexity

KW - Electricity markets

KW - Expected load not served

KW - Marginal pricing

KW - Mixed-integer linear programming

KW - Reserve

KW - Security

KW - Stochastic unit commitment

KW - Value of lost load

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DO - 10.1109/TPWRS.2005.857015

M3 - Article

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VL - 20

SP - 1827

EP - 1835

JO - IEEE Transactions on Power Systems

JF - IEEE Transactions on Power Systems

IS - 4

ER -

Market-clearing with stochastic security - Part II: Case studies

Abstract

Keywords

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