4.7 Article

A computationally efficient algorithm for computing convex hull prices

Related references

Note: Only part of the references are listed.
Article Engineering, Electrical & Electronic

Computation of Convex Hull Prices in Electricity Markets With Non-Convexities Using Dantzig-Wolfe Decomposition

Panagiotis Andrianesis et al.

Summary: The presence of non-convexities in electricity markets, which has been a research focus for about two decades, is addressed through make-whole payments. Convex Hull (CH) prices have attracted attention, but exact determination is challenging. This paper presents a tractable and parallelizable method to estimate CH prices, providing insight into the price formation rationale.

IEEE TRANSACTIONS ON POWER SYSTEMS (2022)

Article Management

Investment effects of pricing schemes for non-convex markets

Jacob Mays et al.

Summary: The choice of pricing scheme can significantly impact generator entry and exit decisions. Prices derived from marginal costs support optimal capacity mix, while uplift payments may distort the capacity mix in competitive markets. Pricing schemes aimed at reducing the need for uplift payments could also lead to lower capacity levels in equilibrium.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2021)

Article Computer Science, Interdisciplinary Applications

Reducing the computational burden of a microgrid energy management system

Amelia McIlvenna et al.

COMPUTERS & INDUSTRIAL ENGINEERING (2020)

Article Management

Practice Summary: Improved Reliability via Optimization n Residential Microgrids

Amelia McIlvenna et al.

INFORMS JOURNAL ON APPLIED ANALYTICS (2020)

Article Engineering, Electrical & Electronic

An Extended Integral Unit Commitment Formulation and an Iterative Algorithm for Convex Hull Pricing

Yanan Yu et al.

IEEE TRANSACTIONS ON POWER SYSTEMS (2020)

Article Engineering, Electrical & Electronic

A Unified Approach to Pricing Under Nonconvexity

Zhifang Yang et al.

IEEE TRANSACTIONS ON POWER SYSTEMS (2019)

Article Engineering, Industrial

Polynomial time algorithms and extended formulations for unit commitment problems

Yongpei Guan et al.

IISE TRANSACTIONS (2018)

Article Computer Science, Interdisciplinary Applications

The Ramping Polytope and Cut Generation for the Unit Commitment Problem

Ben Knueven et al.

INFORMS JOURNAL ON COMPUTING (2018)

Article Engineering, Electrical & Electronic

A Convex Primal Formulation for Convex Hull Pricing

Bowen Hua et al.

IEEE TRANSACTIONS ON POWER SYSTEMS (2017)

Article Operations Research & Management Science

A tight MIP formulation of the unit commitment problem with start-up and shut-down constraints

C. Gentile et al.

EURO JOURNAL ON COMPUTATIONAL OPTIMIZATION (2017)

Article Engineering, Electrical & Electronic

Convex Hull Pricing in Electricity Markets: Formulation, Analysis, and Implementation Challenges

Dane A. Schiro et al.

IEEE TRANSACTIONS ON POWER SYSTEMS (2016)

Article Engineering, Electrical & Electronic

European Electricity Market Integration With Mixed Market Designs-Part I: Formulation

Pandelis N. Biskas et al.

IEEE TRANSACTIONS ON POWER SYSTEMS (2014)

Article Engineering, Electrical & Electronic

Tight and Compact MILP Formulation for the Thermal Unit Commitment Problem

German Morales-Espana et al.

IEEE TRANSACTIONS ON POWER SYSTEMS (2013)

Article Engineering, Electrical & Electronic

Tight Mixed Integer Linear Programming Formulations for the Unit Commitment Problem

James Ostrowski et al.

IEEE TRANSACTIONS ON POWER SYSTEMS (2012)

Article Engineering, Electrical & Electronic

Economic consequences of alternative solution methods for centralized unit commitment in day-ahead electricity markets

Ramteen Sioshansi et al.

IEEE TRANSACTIONS ON POWER SYSTEMS (2008)

Article Management

Efficient market-clearing prices in markets with nonconvexities

RP O'Neill et al.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2005)