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

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

    Research output: Contribution to journalArticlepeer-review


    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 languageEnglish
    Pages (from-to)1827-1835
    Number of pages8
    JournalIEEE Transactions on Power Systems
    Issue number4
    Publication statusPublished - Nov 2005


    • 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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