New Clearing Model to Mitigate the Non-Convexity in European Day-ahead Electricity Market
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Le, Hong Lam & Ilea, Valentin & Bovo, Cristian, 2019. "Integrated European intra-day electricity market: Rules, modeling and analysis," Applied Energy, Elsevier, vol. 238(C), pages 258-273.
- Madani, Mehdi & Van Vyve, Mathieu, 2015. "Computationally efficient MIP formulation and algorithms for European day-ahead electricity market auctions," European Journal of Operational Research, Elsevier, vol. 242(2), pages 580-593.
- Iacopo Savelli & Bertrand Corn'elusse & Antonio Giannitrapani & Simone Paoletti & Antonio Vicino, 2017. "A New Approach to Electricity Market Clearing With Uniform Purchase Price and Curtailable Block Orders," Papers 1711.07731, arXiv.org, revised Jun 2018.
- VAN VYVE, Mathieu, 2011. "Linear prices for non-convex electricity markets: models and algorithms," LIDAM Discussion Papers CORE 2011050, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- O'Neill, Richard P. & Sotkiewicz, Paul M. & Hobbs, Benjamin F. & Rothkopf, Michael H. & Stewart, William R., 2005. "Efficient market-clearing prices in markets with nonconvexities," European Journal of Operational Research, Elsevier, vol. 164(1), pages 269-285, July.
- Savelli, Iacopo & Cornélusse, Bertrand & Giannitrapani, Antonio & Paoletti, Simone & Vicino, Antonio, 2018. "A new approach to electricity market clearing with uniform purchase price and curtailable block orders," Applied Energy, Elsevier, vol. 226(C), pages 618-630.
- Mehdi MADANI & Mathieu VAN VYVE, 2015. "Computationally efficient MIP formulation and algorithms for European day-ahead electricity market auctions," LIDAM Reprints CORE 2808, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Samuli Honkapuro & Jasmin Jaanto & Salla Annala, 2023. "A Systematic Review of European Electricity Market Design Options," Energies, MDPI, vol. 16(9), pages 1-26, April.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Gokhan Ceyhan & Nermin Elif Kurt & H. Bahadir Sahin & Kurc{s}ad Derinkuyu, 2017. "Empirical comparison of three models for determining market clearing prices in Turkish day-ahead electricity market," Papers 1712.00235, arXiv.org.
- Koltsaklis, Nikolaos E. & Dagoumas, Athanasios S., 2018. "Incorporating unit commitment aspects to the European electricity markets algorithm: An optimization model for the joint clearing of energy and reserve markets," Applied Energy, Elsevier, vol. 231(C), pages 235-258.
- Madani, M. & Van Vyve, M., 2015. "A MIP framework for non-convex uniform price day-ahead electricity auctions," LIDAM Discussion Papers CORE 2015017, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Nermin Elif Kurt & H. Bahadir Sahin & Kurc{s}ad Derinkuyu, 2018. "An Adaptive Tabu Search Algorithm for Market Clearing Problem in Turkish Day-Ahead Market," Papers 1809.10554, arXiv.org.
- Ceyhan, Gökhan & Köksalan, Murat & Lokman, Banu, 2022. "Extensions for Benders cuts and new valid inequalities for solving the European day-ahead electricity market clearing problem efficiently," European Journal of Operational Research, Elsevier, vol. 300(2), pages 713-726.
- Mehdi Madani & Mathieu Van Vyve, 2017. "A MIP framework for non-convex uniform price day-ahead electricity auctions," EURO Journal on Computational Optimization, Springer;EURO - The Association of European Operational Research Societies, vol. 5(1), pages 263-284, March.
- Shariat Torbaghan, Shahab & Madani, Mehdi & Sels, Peter & Virag, Ana & Le Cadre, Hélène & Kessels, Kris & Mou, Yuting, 2021. "Designing day-ahead multi-carrier markets for flexibility: Models and clearing algorithms," Applied Energy, Elsevier, vol. 285(C).
- D'avid Csercsik, 2020. "Strategic bidding via the interplay of minimum income condition orders in day-ahead power exchanges," Papers 2012.07789, arXiv.org.
- Csercsik, Dávid, 2021. "Strategic bidding via the interplay of minimum income condition orders in day-ahead power exchanges," Energy Economics, Elsevier, vol. 95(C).
- Kursad Derinkuyu & Fehmi Tanrisever & Nermin Kurt & Gokhan Ceyhan, 2020. "Optimizing Day-Ahead Electricity Market Prices: Increasing the Total Surplus for Energy Exchange Istanbul," Manufacturing & Service Operations Management, INFORMS, vol. 22(4), pages 700-716, July.
- Savelli, Iacopo & Morstyn, Thomas, 2021. "Electricity prices and tariffs to keep everyone happy: A framework for fixed and nodal prices coexistence in distribution grids with optimal tariffs for investment cost recovery," Omega, Elsevier, vol. 103(C).
- Madani, Mehdi & Van Vyve, Mathieu, 2015. "Computationally efficient MIP formulation and algorithms for European day-ahead electricity market auctions," European Journal of Operational Research, Elsevier, vol. 242(2), pages 580-593.
- Savelli, Iacopo & De Paola, Antonio & Li, Furong, 2020. "Ex-ante dynamic network tariffs for transmission cost recovery," Applied Energy, Elsevier, vol. 258(C).
- Xiong, Linyun & Li, Penghan & Wang, Ziqiang & Wang, Jie, 2020. "Multi-agent based multi objective renewable energy management for diversified community power consumers," Applied Energy, Elsevier, vol. 259(C).
- Anna Schwele & Christos Ordoudis & Pierre Pinson & Jalal Kazempour, 2021. "Coordination of power and natural gas markets via financial instruments," Computational Management Science, Springer, vol. 18(4), pages 505-538, October.
- Le, Hong Lam & Ilea, Valentin & Bovo, Cristian, 2019. "Integrated European intra-day electricity market: Rules, modeling and analysis," Applied Energy, Elsevier, vol. 238(C), pages 258-273.
- Ishizaki, Takayuki & Koike, Masakazu & Yamaguchi, Nobuyuki & Ueda, Yuzuru & Imura, Jun-ichi, 2020. "Day-ahead energy market as adjustable robust optimization: Spatio-temporal pricing of dispatchable generators, storage batteries, and uncertain renewable resources," Energy Economics, Elsevier, vol. 91(C).
- Savelli, Iacopo & Cornélusse, Bertrand & Giannitrapani, Antonio & Paoletti, Simone & Vicino, Antonio, 2018. "A new approach to electricity market clearing with uniform purchase price and curtailable block orders," Applied Energy, Elsevier, vol. 226(C), pages 618-630.
- Vadim Borokhov, 2022. "Utilizing the redundant constraints for the uplift payment elimination," Operational Research, Springer, vol. 22(2), pages 1377-1402, April.
- Wang, Delu & Liu, Yifei & Wang, Yadong & Shi, Xunpeng & Song, Xuefeng, 2020. "Allocation of coal de-capacity quota among provinces in China: A bi-level multi-objective combinatorial optimization approach," Energy Economics, Elsevier, vol. 87(C).
More about this item
Keywords
European electricity market; EUPHEMIA; Walrasian equilibrium; non-convexity; non-uniform price;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:13:y:2020:i:18:p:4716-:d:411566. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.