An Optimization Model for the Electricity Market Clearing Problem With Uniform Purchase Price and Zonal Selling Prices

Electricity markets can be designed in different ways. One rule that is sometimes enforced is the uniform purchase price. Under this pricing method, all the consumers pay the same price regardless of the zone they belong to. By contrast, each producer receives its zonal price. This asymmetry in the...

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Bibliographic Details
Published in:	IEEE transactions on power systems Vol. 33; no. 3; pp. 2864 - 2873
Main Authors:	Savelli, Iacopo, Giannitrapani, Antonio, Paoletti, Simone, Vicino, Antonio
Format:	Journal Article
Language:	English
Published:	New York IEEE 01.05.2018 The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subjects:	Acquisitions & mergers bilevel programming binary expansion Clearing Economics Electricity pricing Electricity supply industry Europe Integer programming Linear programming Marginal pricing market clearing Markets Mixed integer Optimization Optimization models Optimization techniques power system economics Pricing Search problems Uniform purchase price
ISSN:	0885-8950, 1558-0679
Online Access:	Get full text
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