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Power Systems Read chapter Read first chapter

2018 | OriginalPaper | Chapter

8. Self-Scheduling and Market Clearing Auction

Authors : Antonio J. Conejo, Luis Baringo

Published in: Power System Operations

Publisher: Springer International Publishing

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Abstract

This chapter describes two relevant problems for the economic management of power systems, namely, i) the self-scheduling problem of an electricity producer that owns several electricity generating units and use them to sell energy in an electricity market pursuing maximum profit and ii) the market clearing auction to be used by a market operator to clear the electricity market.

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previous chapter Unit Commitment and Economic Dispatch
Literature
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Arroyo, J.M., Conejo, A.J.: Optimal response of a thermal unit to an electricity spot market. IEEE Trans. Power Syst. 15(3), 1098–1104 (2000)CrossRef
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Chang, H.-J.: Economics. The User’s Guide. Bloomsbury Press, New York (2014)
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Conejo, A.J., Carrión, M., Morales, J.M.: Decision Making Under Uncertainty in Electricity Markets. Springer, New York (2010)CrossRefMATH
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Gabriel, S.A., Conejo, A.J., Fuller, J.D., Hobbs, B.F., Ruiz, C.: Complementarity Modeling in Energy Markets. Springer, New York (2013)CrossRefMATH
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Nicholson, W., Snyder, C.M.: Microeconomic Theory: Basic Principles and Extensions, 11th edn. South-Western Cengage Learning, Mason (2011)
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Pérez-Arriaga, J.I., Meseguer, C.: Wholesale marginal prices in competitive generation markets. IEEE Trans. Power Syst. 12(2), 710–717 (1997)CrossRef
8.
Schweppe, F.C., Caramanis, M.C., Tabors, R.D., Bohn, R.E.: Spot Pricing of Electricity. Springer, New York (1988)CrossRef
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Sioshansi, R., Conejo, A.J.: Optimization in Engineering. Models and Algorithms. Springer, New York (2017)CrossRefMATH
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Metadata
Title
Self-Scheduling and Market Clearing Auction
Authors
Antonio J. Conejo
Luis Baringo
Copyright Year
2018
Book
Power System Operations

Print ISBN: 978-3-319-69406-1

Electronic ISBN: 978-3-319-69407-8

Copyright Year: 2018

DOI
https://doi.org/10.1007/978-3-319-69407-8_8