Modified convex hull pricing for fixed load power markets

We consider fixed load power market with non-convexities originating from start-up and no-load costs of generators. The convex hull (minimal uplift) pricing method results in power prices minimizing the total uplift payments to generators, which compensate their potential profits lost by accepting c...

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Veröffentlicht in:	arXiv.org 2020-11
1. Verfasser:	Borokhov, Vadim
Format:	Artikel
Sprache:	eng
Schlagworte:	Algorithms Computational geometry Convexity Game theory Generators Hulls Markets Mathematics - Optimization and Control Pricing Uplift
Online-Zugang:	Volltext
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