Revenue-adequate pricing mechanisms in non-convex electricity markets: A comparative study

International Conference on the European Energy Market, EEM

Volumn , Issue , 2014, Pages

  Andrianesis, Panagiotis ^a   Liberopoulos, George ^a  

^a UNIVERSITY OF THESSALY   (Greece)

Author keywords

Electricity markets; non convexities; pricing

Indexed keywords

COMMERCE; COSTS; SCHEDULING;

COMPARATIVE STUDIES; ECONOMIC DISPATCH PROBLEMS; ELECTRICITY MARKET; ELECTRICITY MARKET DESIGN; GENERATION UNITS; MARKET PARTICIPANTS; NON-CONVEXITIES; PRICING MECHANISM;

ECONOMICS;

EID: 84905693955     PISSN: 21654077     EISSN: 21654093     Source Type: Conference Proceeding    
DOI: 10.1109/EEM.2014.6861305     Document Type: Conference Paper

References (13)

1. R. P. O'Neill, P. M. Sotkiewicz, B. F. Hobbs, M. H. Rothkopf, and W. R. Stewart Jr., "Efficient market-clearing prices in markets with nonconvexities," Europ. J. Oper. Res., vol. 164, pp. 269-285, 2005.
2. W. W. Hogan and B. J. Ring, "On minimum-uplift pricing for electricity markets," 2003, unpublished. [Online]. Available: http://www.hks.harvard.edu/fs/whogan/.
3. M. Bjørndal and K. Jörnsten, "Equilibrium prices supported by dual price functions in markets with non-convexities," Europ. J. Oper. Res., vol. 190, pp. 768-789, 2008.
4. P. R. Gribik, W. W. Hogan, and S. L. Pope. (2007, Dec. ). "Market-clearing electricity prices and energy uplift," Working Paper, John F. Kennedy School of Government, Harvard University. [Online]. Available: http://www.hks.harvard.edu/hepg/Gribik-Hogan-Pope-Price-Uplift-123107.pdf
5. P. Andrianesis, G. Liberopoulos, G. Kozanidis, and A. Papalexopoulos, "Recovery mechanisms in day-ahead electricity markets with nonconvexities - Part I: Design and evaluation methodology," IEEE Trans. Power Syst., vol. 28, no. 2, pp. 960-968, 2013.
6. A. L. Motto, F. D. Galiana "Equilibrium of auction markets with unit commitment: The need for augmented pricing," IEEE Trans. Power Syst., vol. 17, no. 3, pp. 798-805, 2002.
7. F. D. Galiana, A. L. Motto, F. Bouffard, "Reconciling social welfare, agent profits, and consumer payments in electricity pools," IEEE Trans. Power Syst., vol. 18, no. 2, pp. 452-459, 2003.
8. V. Araoz, K. Jörnsten, "Semi-Lagrangean approach for price discovery in markets with non-convexities," Europ. J. Oper. Res., vol. 214, no. 2, pp. 411-417, 2011.
9. C. Ruiz, A. J. Conejo, S. A. Gabriel, "Pricing non-convexities in an electricity pool," IEEE Trans. Power Syst., vol. 27, no. 3, pp. 1334-1342, 2012.
10. M. Van Vyve, "Linear prices for non-convex electricity markets: models and algorithms", CORE Discussion Paper 2011/50, Université Catholique de Louvain, Louvain-la-Neuve, Belgium, Oct. 2011.
11. C. Beltran, C. Tadonki, J. Ph. Vial, "Solving the p-median problem with a semi-Lagrangian relaxation," Comput. Optim. Appl., vol. 35, no. pp. 239-260, 2006.
12. D. Klabjan, "A new subadditive approach to integer programming. " W. J. Cook, A. S. Schulz, eds. Integer Programming and Combinatorial Optimization. Lecture Notes in Computer Science 2337, Springer, 384-400, 2002.
13. H. E. Scarf, "The allocation of resources in the presence of indivisibilities," J. Econ. Perspect., vol. 8, no. 4, pp. 111-128, 1994. 0