Direct Minimum-Uplift Model for Pricing Pool-Based Auction With Network Constraints

Izabela Żółtowska

Abstract

Auctions with non-convexities, as considered in this paper, use a multi-period optimal power flow (OPF) model based on generators' offers to calculate efficient schedules. The standard locational marginal prices (LMPs) may not support these schedules and uplifts are needed to help the generators break even. This paper presents a direct minimum-uplift (DMU) pricing model, which is formulated as a mixed integer linear programming problem with uplift minimization objective. New DMU prices are major variables constrained with decomposition formula based on shift factors, similar to the actual practice of developing LMPs. The remaining constraints reflect the generators' profits and uplifts modeled as functions of the DMU prices. The main feature of the DMU model is individual rationality attained in pool-based auction, under prices properly reflecting network constraints, complemented with minimum uplifts. The model is validated on several cases, including the IEEE 24-node system.
Author Izabela Żółtowska IAiIS
Izabela Żółtowska,,
- The Institute of Control and Computation Engineering
Journal seriesIEEE Transactions on Power Systems, ISSN 0885-8950
Issue year2016
Vol31
No4
Pages2538-2545
Publication size in sheets0.5
Keywords in EnglishCentralized auction, market clearing, non-convexities, opportunity cost, unit commitment
DOIDOI:10.1109/TPWRS.2015.2468083
URL http://ieeexplore.ieee.org/xpl/login.jsp?tp=&arnumber=7258403&isnumber=4374138&url=http%3A%2F%2Fieeexplore.ieee.org%2Fstamp%2Fstamp.jsp%3Ftp%3D%26arnumber%3D7258403%26isnumber%3D4374138
projectDevelopment of methodology of control, decision support and production management. Project leader: Zieliński Cezary, , Phone: 5102, start date 19-05-2015, end date 31-12-2016, 504/02233/1031, Completed
WEiTI Działalność statutowa
Languageen angielski
File
Zoltowska Direct Minimum-Uplift Model 2015.pdf (file archived - login or check accessibility on faculty) Zoltowska Direct Minimum-Uplift Model 2015.pdf 1.36 MB
Score (nominal)45
ScoreMinisterial score = 45.0, 27-03-2017, ArticleFromJournal
Ministerial score (2013-2016) = 45.0, 27-03-2017, ArticleFromJournal
Publication indicators WoS Impact Factor: 2016 = 5.68 (2) - 2016=7.26 (5)
Citation count*0 (2016-09-19)
Cite
Share Share



* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
Back