Modelling start-up costs of multiple technologies in electricity markets
Author
Abstract
Suggested Citation
DOI: 10.1007/s00186-007-0148-y
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- 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.
- Jonathan F. Bard, 1988. "Short-Term Scheduling of Thermal-Electric Generators Using Lagrangian Relaxation," Operations Research, INFORMS, vol. 36(5), pages 756-766, October.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Abrell, Jan & Kunz, Friedrich & Weigt, Hannes, 2008. "Start Me Up: Modeling of Power Plant Start-Up Conditions and their Impact on Prices," MPRA Paper 65661, University Library of Munich, Germany.
- Thure Traber & Claudia Kemfert, 2012. "Vom Winde verweht? Strommarktpreise und Anreize zur Investition in thermische Kraftwerke bei erhöhtem Angebot an Windenergie," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 81(1), pages 91-110.
- Ellen Krohn Aasgård, 2017. "Hydropower Bidding Using Linearized Start-Ups," Energies, MDPI, vol. 10(12), pages 1-13, November.
- De Jonghe, Cedric & Delarue, Erik & Belmans, Ronnie & D'haeseleer, William, 2011. "Determining optimal electricity technology mix with high level of wind power penetration," Applied Energy, Elsevier, vol. 88(6), pages 2231-2238, June.
- Mira Watermeyer & Thomas Mobius & Oliver Grothe & Felix Musgens, 2023. "A hybrid model for day-ahead electricity price forecasting: Combining fundamental and stochastic modelling," Papers 2304.09336, arXiv.org.
- Traber, Thure & Kemfert, Claudia, 2011.
"Gone with the wind? -- Electricity market prices and incentives to invest in thermal power plants under increasing wind energy supply,"
Energy Economics, Elsevier, vol. 33(2), pages 249-256, March.
- Thure Traber & Claudia Kemfert, 2009. "Gone with the Wind?: Electricity Market Prices and Incentives to Invest in Thermal Power Plants under Increasing Wind Energy Supply," Discussion Papers of DIW Berlin 852, DIW Berlin, German Institute for Economic Research.
- De Jonghe, C. & Hobbs, B. F. & Belmans, R., 2011. "Integrating short-term demand response into long-term investment planning," Cambridge Working Papers in Economics 1132, Faculty of Economics, University of Cambridge.
- Müsgens, Felix, 2020. "Equilibrium prices and investment in electricity systems with CO2-emission trading and high shares of renewable energies," Energy Economics, Elsevier, vol. 86(C).
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.- Araoz, Veronica & Jörnsten, Kurt, 2011. "Semi-Lagrangean approach for price discovery in markets with non-convexities," European Journal of Operational Research, Elsevier, vol. 214(2), pages 411-417, October.
- McKelvey, Bill & Wycisk, Christine & Hülsmann, Michael, 2009. "Designing an electronic auction market for complex 'smart parts' logistics: Options based on LeBaron's computational stock market," International Journal of Production Economics, Elsevier, vol. 120(2), pages 476-494, August.
- Zugang Liu & Anna Nagurney, 2009. "An integrated electric power supply chain and fuel market network framework: Theoretical modeling with empirical analysis for New England," Naval Research Logistics (NRL), John Wiley & Sons, vol. 56(7), pages 600-624, October.
- Richard O’Neill & Emily Fisher & Benjamin Hobbs & Ross Baldick, 2008. "Towards a complete real-time electricity market design," Journal of Regulatory Economics, Springer, vol. 34(3), pages 220-250, December.
- Camelo, Sergio & Papavasiliou, Anthony & de Castro, Luciano & Riascos, Álvaro & Oren, Shmuel, 2018.
"A structural model to evaluate the transition from self-commitment to centralized unit commitment,"
Energy Economics, Elsevier, vol. 75(C), pages 560-572.
- Sergio Camelo & Luciano de Castro & Anthony Papavasiliou & Álvaro Riascos & Shmuel Oren, 2016. "A Structural Model to Evaluate the Transition from Self-Commitment to Centralized Unit Commitment," Borradores de Economia 14200, Banco de la Republica.
- Sergio Camelo & Anthony Papavasiliou & Luciano de Castro & Alvaro Riascos & Shmuel Oren, 2018. "A structural model to evaluate the transition from self-commitment to centralized unit commitment," LIDAM Reprints CORE 3043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Sergio Camelo & Luciano de Castro & Anthony Papavasiliou & Álvaro Riascos & Shmuel Oren, 2016. "A Structural Model to Evaluate the Transition from Self-Commitment to Centralized Unit Commitment," Borradores de Economia 922, Banco de la Republica de Colombia.
- Pérez-Iribarren, E. & González-Pino, I. & Azkorra-Larrinaga, Z. & Gómez-Arriarán, I., 2020. "Optimal design and operation of thermal energy storage systems in micro-cogeneration plants," Applied Energy, Elsevier, vol. 265(C).
- Tadahiro Taniguchi & Koki Kawasaki & Yoshiro Fukui & Tomohiro Takata & Shiro Yano, 2015. "Automated Linear Function Submission-Based Double Auction as Bottom-up Real-Time Pricing in a Regional Prosumers’ Electricity Network," Energies, MDPI, vol. 8(7), pages 1-26, July.
- Neuhoff, Karsten & Barquin, Julian & Bialek, Janusz W. & Boyd, Rodney & Dent, Chris J. & Echavarren, Francisco & Grau, Thilo & von Hirschhausen, Christian & Hobbs, Benjamin F. & Kunz, Friedrich & Nabe, 2013.
"Renewable electric energy integration: Quantifying the value of design of markets for international transmission capacity,"
Energy Economics, Elsevier, vol. 40(C), pages 760-772.
- Karsten Neuhoff & Rodney Boyd & Thilo Grau & Julian Barquin & Francisco Echavarren & Janusz Bialek & Chris Dent & Christian von Hirschhausen & Benjamin Hobbs & Friedrich Kunz & Hannes Weigt & Christia, 2011. "Renewable Electric Energy Integration: Quantifying the Value of Design of Markets for International Transmission Capacity," Discussion Papers of DIW Berlin 1166, DIW Berlin, German Institute for Economic Research.
- Victor M. Zavala & Kibaek Kim & Mihai Anitescu & John Birge, 2017.
"A Stochastic Electricity Market Clearing Formulation with Consistent Pricing Properties,"
Operations Research, INFORMS, vol. 65(3), pages 557-576, June.
- Victor M. Zavala & Kibaek Kim & Mihai Anitescu & John Birge, 2015. "A Stochastic Electricity Market Clearing Formulation with Consistent Pricing Properties," Papers 1510.08335, arXiv.org.
- Hassan Shavandi & Mehrdad Pirnia & J. David Fuller, 2018. "Extended opportunity cost model to find near equilibrium electricity prices under non-convexities," Papers 1809.09734, arXiv.org.
- Martin Bichler & Johannes Knörr & Felipe Maldonado, 2023. "Pricing in Nonconvex Markets: How to Price Electricity in the Presence of Demand Response," Information Systems Research, INFORMS, vol. 34(2), pages 652-675, June.
- Nagisa Sugishita & Andreas Grothey & Ken McKinnon, 2024. "Use of Machine Learning Models to Warmstart Column Generation for Unit Commitment," INFORMS Journal on Computing, INFORMS, vol. 36(4), pages 1129-1146, July.
- Marshman, Daniel & Brear, Michael & Ring, Brendan, 2022. "Impact of unit commitment and RoCoF constraints on revenue sufficiency in decarbonising wholesale electricity markets," Energy Economics, Elsevier, vol. 106(C).
- Ramteen Sioshansi & Emma Nicholson, 2011. "Towards equilibrium offers in unit commitment auctions with nonconvex costs," Journal of Regulatory Economics, Springer, vol. 40(1), pages 41-61, August.
- SMEERS, Yves, 2005. "Long term locational prices and investment incentives in the transmission of electricity," LIDAM Discussion Papers CORE 2005030, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Schwarz, Gregor & Bichler, Martin, 2022. "How to trade thirty thousand products: A wholesale market design for road capacity," Transportation Research Part A: Policy and Practice, Elsevier, vol. 164(C), pages 167-185.
- Diana Bottger & Philipp Hartel, 2021. "On Wholesale Electricity Prices and Market Values in a Carbon-Neutral Energy System," Papers 2105.01127, arXiv.org.
- 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.
- Richstein, Jörn C. & Lorenz, Casimir & Neuhoff, Karsten, 2020.
"An auction story: How simple bids struggle with uncertainty,"
Energy Economics, Elsevier, vol. 89(C).
- Richstein, Jörn C. & Lorenz, Casimir & Neuhoff, Karsten, 2020. "An auction story: How simple bids struggle with uncertainty," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 89, pages 1-1.
- Jörn C. Richstein & Casimir Lorenz & Karsten Neuhoff, 2018. "An Auction Story: How Simple Bids Struggle with Uncertainty," Discussion Papers of DIW Berlin 1765, DIW Berlin, German Institute for Economic Research.
- Philipsen, Rens & Morales-España, Germán & de Weerdt, Mathijs & de Vries, Laurens, 2019. "Trading power instead of energy in day-ahead electricity markets," Applied Energy, Elsevier, vol. 233, pages 802-815.
More about this item
Keywords
Electricity markets; Energy modeling; C61; Q41;All these keywords.
JEL classification:
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
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:spr:mathme:v:66:y:2007:i:1:p:21-32. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.