Energy and Reserve Pricing in Uncertain Non-Convex Markets in the Presence of Flexible Demands

Hamed  Goudarzi; Mohammad  Rayati; Alimohammad  Ranjbar; Amjad Anvari-Moghaddam

doi:10.1109/EEEIC/ICPSEurope51590.2021.9584567

Energy and Reserve Pricing in Uncertain Non-Convex Markets in the Presence of Flexible Demands

Hamed Goudarzi, Mohammad Rayati, Alimohammad Ranjbar, Amjad Anvari-Moghaddam^*

^*Kontaktforfatter

Publikation: Bidrag til bog/antologi/rapport/konference proceeding › Konferenceartikel i proceeding › Forskning › peer review

Abstract

Due to the increase of renewable energy sources (RESs), the uncertainties of power systems are growing significantly which motivates the system operators to consider the security-constrained unit commitment (SCUC) problem to attain financial day-ahead schedules. In the most of current market-clearing models, the system operators obtain the energy and reserve prices using dual variables. Given that the model of market participants includes generating units and flexible demands that are non-convex in the SCUC, the net profit may be negative in the traditional market-clearing mechanisms. Actually, in these mechanisms, the fixed costs of participants are not considered in the prices. This paper introduces the bi-level pricing mechanism based on the duality theorem that guarantees the non-negative profits for all generating units and
flexible demands as the main components of current power systems.

Originalsprog	Engelsk
Titel	2021 IEEE International Conference on Environment and Electrical Engineering : EEEIC 2021
Forlag	IEEE Press
Publikationsdato	2021
Sider	1-6
ISBN (Trykt)	978-1-6654-3614-4
ISBN (Elektronisk)	978-1-6654-3613-7
DOI	https://doi.org/10.1109/EEEIC/ICPSEurope51590.2021.9584567
Status	Udgivet - 2021
Begivenhed	2021 IEEE International Conference on Environment and Electrical Engineering and 2021 IEEE Industrial and Commercial Power Systems Europe (EEEIC / I&CPS Europe) - Bari, Italien Varighed: 7 sep. 2021 → 10 sep. 2021

Konference

Konference	2021 IEEE International Conference on Environment and Electrical Engineering and 2021 IEEE Industrial and Commercial Power Systems Europe (EEEIC / I&CPS Europe)
Land/Område	Italien
By	Bari
Periode	07/09/2021 → 10/09/2021

Adgang til dokumentet

10.1109/EEEIC/ICPSEurope51590.2021.9584567

AUB Link

Søg efter materialet i Aalborg Universitetsbiblioteks søgemaskine

HeatReFlex: Green and Flexible District Heating/Cooling
Anvari-Moghaddam, A., Guerrero, J. M., Nami, H. & Mohammadiivatloo, B.
Danida Fellowship Centre
01/05/2019 → 30/04/2022
Projekter: Projekt › Forskning

Citationsformater

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title = "Energy and Reserve Pricing in Uncertain Non-Convex Markets in the Presence of Flexible Demands",

abstract = "Due to the increase of renewable energy sources (RESs), the uncertainties of power systems are growing significantly which motivates the system operators to consider the security-constrained unit commitment (SCUC) problem to attain financial day-ahead schedules. In the most of current market-clearing models, the system operators obtain the energy and reserve prices using dual variables. Given that the model of market participants includes generating units and flexible demands that are non-convex in the SCUC, the net profit may be negative in the traditional market-clearing mechanisms. Actually, in these mechanisms, the fixed costs of participants are not considered in the prices. This paper introduces the bi-level pricing mechanism based on the duality theorem that guarantees the non-negative profits for all generating units andflexible demands as the main components of current power systems.",

keywords = "Reserve Pricing, energy pricing, Non-Convex Market, Flexible demand, unit commitment, Day-ahead market clearing",

author = "Hamed Goudarzi and Mohammad Rayati and Alimohammad Ranjbar and Amjad Anvari-Moghaddam",

year = "2021",

doi = "10.1109/EEEIC/ICPSEurope51590.2021.9584567",

language = "English",

isbn = "978-1-6654-3614-4",

pages = "1--6",

booktitle = "2021 IEEE International Conference on Environment and Electrical Engineering",

publisher = "IEEE Press",

note = "2021 IEEE International Conference on Environment and Electrical Engineering and 2021 IEEE Industrial and Commercial Power Systems Europe (EEEIC / I&CPS Europe) ; Conference date: 07-09-2021 Through 10-09-2021",

}

Goudarzi, H, Rayati, M, Ranjbar, A & Anvari-Moghaddam, A 2021, Energy and Reserve Pricing in Uncertain Non-Convex Markets in the Presence of Flexible Demands. i 2021 IEEE International Conference on Environment and Electrical Engineering: EEEIC 2021. IEEE Press, s. 1-6, 2021 IEEE International Conference on Environment and Electrical Engineering and 2021 IEEE Industrial and Commercial Power Systems Europe (EEEIC / I&CPS Europe), Bari, Italien, 07/09/2021. https://doi.org/10.1109/EEEIC/ICPSEurope51590.2021.9584567

Energy and Reserve Pricing in Uncertain Non-Convex Markets in the Presence of Flexible Demands. / Goudarzi, Hamed ; Rayati, Mohammad ; Ranjbar, Alimohammad et al.
2021 IEEE International Conference on Environment and Electrical Engineering: EEEIC 2021. IEEE Press, 2021. s. 1-6.

Publikation: Bidrag til bog/antologi/rapport/konference proceeding › Konferenceartikel i proceeding › Forskning › peer review

TY - GEN

T1 - Energy and Reserve Pricing in Uncertain Non-Convex Markets in the Presence of Flexible Demands

AU - Goudarzi, Hamed

AU - Rayati, Mohammad

AU - Ranjbar, Alimohammad

AU - Anvari-Moghaddam, Amjad

PY - 2021

Y1 - 2021

N2 - Due to the increase of renewable energy sources (RESs), the uncertainties of power systems are growing significantly which motivates the system operators to consider the security-constrained unit commitment (SCUC) problem to attain financial day-ahead schedules. In the most of current market-clearing models, the system operators obtain the energy and reserve prices using dual variables. Given that the model of market participants includes generating units and flexible demands that are non-convex in the SCUC, the net profit may be negative in the traditional market-clearing mechanisms. Actually, in these mechanisms, the fixed costs of participants are not considered in the prices. This paper introduces the bi-level pricing mechanism based on the duality theorem that guarantees the non-negative profits for all generating units andflexible demands as the main components of current power systems.

AB - Due to the increase of renewable energy sources (RESs), the uncertainties of power systems are growing significantly which motivates the system operators to consider the security-constrained unit commitment (SCUC) problem to attain financial day-ahead schedules. In the most of current market-clearing models, the system operators obtain the energy and reserve prices using dual variables. Given that the model of market participants includes generating units and flexible demands that are non-convex in the SCUC, the net profit may be negative in the traditional market-clearing mechanisms. Actually, in these mechanisms, the fixed costs of participants are not considered in the prices. This paper introduces the bi-level pricing mechanism based on the duality theorem that guarantees the non-negative profits for all generating units andflexible demands as the main components of current power systems.

KW - Reserve Pricing

KW - energy pricing

KW - Non-Convex Market

KW - Flexible demand

KW - unit commitment

KW - Day-ahead market clearing

U2 - 10.1109/EEEIC/ICPSEurope51590.2021.9584567

DO - 10.1109/EEEIC/ICPSEurope51590.2021.9584567

M3 - Article in proceeding

SN - 978-1-6654-3614-4

SP - 1

EP - 6

BT - 2021 IEEE International Conference on Environment and Electrical Engineering

PB - IEEE Press

T2 - 2021 IEEE International Conference on Environment and Electrical Engineering and 2021 IEEE Industrial and Commercial Power Systems Europe (EEEIC / I&CPS Europe)

Y2 - 7 September 2021 through 10 September 2021

ER -

Energy and Reserve Pricing in Uncertain Non-Convex Markets in the Presence of Flexible Demands

Abstract

Konference

Adgang til dokumentet

AUB Link

Fingeraftryk

Projekter

HeatReFlex: Green and Flexible District Heating/Cooling

Citationsformater