Multi period auction incorporating complex bids and network technical constraints

• Type: Article in International Conference Proceedings Book
• Date: 2012

Authors

Bruno André Gomes (Author) FEUP; João Tomé Saraiva (Author) FEUP

Conference proceedings International

Title: MEDPOWER 2012

Pages: 1-6

2012 MEDPOWER Conference

Cagliari, Novembro de 2012

Indexing

ISI Proceedings

ISI Web of Science

Scopus

INSPEC

Scientific classification

FOS: Engineering and technology > Electrical engineering, Electronic engineering, Information engineering

CORDIS: Technological sciences > Engineering > Electrical engineering

Other information

DOI: 10.1049/cp.2012.2006

Abstract (EN): This paper presents an integrated model to deal with complex bids and network security constraints in electricity markets. Apart from purely economic aspects, power systems operation is also driven by technical issues that quite often turn unfeasible purely economic schedules. This is the case of up and down ramps and minimum technical limits of generators, nodal voltage ranges and branch flow limits. The activities of the Market and System Operators are quite often organized in terms of a sequential set of actions that may not guarantee identifying the best global solution. This suggests addressing the problem in a more integrated way and adopting a well known optimization technique, as Simulated Annealing. This paper describes the mathematical formulation of the problem, the adopted solution algorithm and details a case study based on the IEEE 24 bus/38 branch system.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 6