Convex Primal Formulations for Convex Hull Pricing With Reserve Commitments

Convex hull pricing has been introduced recently to increase transparency and reduce uplift payments for the U.S. wholesale markets. A convex primal formulation approach is one of the most efficient methods to obtain a high-quality convex hull price. Even though significant progress has been made, t...

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Bibliographic Details
Published in:	IEEE transactions on power systems Vol. 36; no. 3; pp. 2345 - 2354
Main Authors:	Yu, Yanan, Zhang, Tong, Guan, Yongpei, Chen, Yonghong
Format:	Journal Article
Language:	English
Published:	New York IEEE 01.05.2021 The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subjects:	Ancillary services Combined cycle Computational geometry Computing time convex hull pricing Convexity Cost function Generators integral formulation MISO communication Mixed integer Optimization Power system stability Pricing reserve commitment decisions Spinning Uplift uplift payments Upper bound Upper bounds
ISSN:	0885-8950, 1558-0679
Online Access:	Get full text
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