Recovery mechanisms in a joint energy/reserve day-ahead electricity market with non-convexities
dc.creator | Andrianesis, P. | en |
dc.creator | Liberopoulos, G. | en |
dc.creator | Kozanidis, G. | en |
dc.creator | Papalexopoulos, A. D. | en |
dc.date.accessioned | 2015-11-23T10:22:21Z | |
dc.date.available | 2015-11-23T10:22:21Z | |
dc.date.issued | 2010 | |
dc.identifier | 10.1109/EEM.2010.5558697 | |
dc.identifier.isbn | 9781424468386 | |
dc.identifier.uri | http://hdl.handle.net/11615/25604 | |
dc.description.abstract | The goal of this paper is to evaluate the incentive compatibility of several cost- and bid-based recovery mechanisms that may be implemented in a wholesale electricity market to make the generation units whole in the presence of non-convexities, which are due to unit commitment costs and capacity constraints. To this end, we simulate the bidding behavior of the participants in a simplified model of the Greek joint energy/reserve day-ahead electricity market, where we assume that the players (units) participate as potential price-makers in a non-cooperative game with complete information that is repeated for many rounds. The results suggest that a mechanism based on bid recovery with a regulated cap is quite promising. © 2010 IEEE. | en |
dc.source.uri | http://www.scopus.com/inward/record.url?eid=2-s2.0-77957787891&partnerID=40&md5=47d3a4526c3194a9adedf5a762790b5d | |
dc.subject | Electricity market modeling and simulation | en |
dc.subject | Recovery mechanisms | en |
dc.subject | Bidding behavior | en |
dc.subject | Capacity constraints | en |
dc.subject | Complete information | en |
dc.subject | Day-ahead electricity market | en |
dc.subject | Electricity market modeling | en |
dc.subject | Generation units | en |
dc.subject | Incentive compatibility | en |
dc.subject | Noncooperative game | en |
dc.subject | Simplified models | en |
dc.subject | Unit commitments | en |
dc.subject | Wholesale electricity markets | en |
dc.subject | Computer simulation | en |
dc.subject | Electric industry | en |
dc.subject | Recovery | en |
dc.subject | Commerce | en |
dc.title | Recovery mechanisms in a joint energy/reserve day-ahead electricity market with non-convexities | en |
dc.type | conferenceItem | en |
Files in this item
Files | Size | Format | View |
---|---|---|---|
There are no files associated with this item. |