A MIP framework for non-convex uniform price day-ahead electricity auctions

It is well known that a market equilibrium with uniform prices often does not exist in non-convex day-ahead electricity auctions. We consider the case of the non-convex, uniform-price Pan-European day-ahead electricity market “PCR” (Price Coupling of Regions), with non-convexities arising from so-ca...

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Veröffentlicht in:	EURO journal on computational optimization Jg. 5; H. 1-2; S. 263 - 284
Hauptverfasser:	Madani, Mehdi, Van Vyve, Mathieu
Format:	Journal Article
Sprache:	Englisch
Veröffentlicht:	Berlin/Heidelberg Elsevier Ltd 01.03.2017 Springer Berlin Heidelberg Springer Nature B.V Elsevier
Schlagworte:	90-08 90C06 90C11 Algorithms Auctions Bids Business and Management Costs Day-ahead electricity market auctions Demand Economic analysis Economic theory Economics Electric industries Electricity Electricity distribution Electricity pricing Equilibrium prices Integer programming Management Science Market coupling Market equilibrium Market prices Market statistics Markets Mathematical analysis Mathematical models Mixed integer programming Non-convexities Operations Management Operations Research Operations Research/Decision Theory Opportunity costs Optimization Original Paper Power Prices Pricing Shadow prices Non-convexities 90C11 Equilibrium prices 90-08 90C06 Mixed integer programming Day-ahead electricity market auctions Market coupling
ISSN:	2192-4406, 2192-4414
Online-Zugang:	Volltext
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