Algorithmic properties of the all-European day-ahead electricity market

Sleisz, Ádám; Sőrés, Péter; Raisz, Dávid

doi:10.1109/eem.2014.6861275

Cited by 23 publications

(18 citation statements)

References 5 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Although it is often categorized as a metaheuristic, it can provide an optimality criterion as well as other quite advantageous features such as manageable solution pools and flexible tuning. B&B's main application area lies in the field of discrete and combinatorial programming, but it is suitable also for other class of problems [13], [14].…”

Section: B Branch and Bound Searchmentioning

confidence: 99%

See 1 more Smart Citation

Core-form transformer design optimization with branch and bound search and geometric programming

Orosz

Sleisz

Vajda

2014

2014 55th International Scientific Conference on Power and Electrical Engineering of Riga Technical University (RTUCON)

Self Cite

View full text Add to dashboard Cite

The optimization of power transformers is one of the earliest applications of geometric programming. This approach works well with shell-form transformers, and the constructed models can be solved accurately with the new interior point method based solvers. However, a less well-known fact is that this kind of modeling becomes problematic in the case of core-form transformers.This paper shows a new metaheuristic solution to circumvent the main obstacle which is the calculation of short-circuit impedance.

show abstract

Section: B Branch and Bound Searchmentioning

confidence: 99%

“…Similarly, (13)(14) provide constraints to coerce the value of II/A higher. The latter conditions are useful during branching because it is necessary to investigate every possible region of this ratio on equal grounds, therefore some branches will need upward restrictions to approach global optimality.…”

Section: Node Generation Proceduresmentioning

confidence: 99%

Core-form transformer design optimization with branch and bound search and geometric programming

Orosz

Sleisz

Vajda

2014

2014 55th International Scientific Conference on Power and Electrical Engineering of Riga Technical University (RTUCON)

Self Cite

View full text Add to dashboard Cite

show abstract

“…Moreover, this kind of non-convex elements are fundamentally different from those of earlier non-convex order types in Europe i.e. block orders [4].…”

Section: Computational Obstaclesmentioning

confidence: 99%

“…The connection between acceptance rules and income calculations can be exploited to find a feasible solution method for MIC orders [8]. The solution search itself is based on the techniques of convex envelopes, spatial branching and a problem-specific domain reduction strategy [4]. Details of these mathematical tools and procedures are beyond the scope of this paper.…”

Section: Continuous Non-convex Techniquesmentioning

confidence: 99%

See 1 more Smart Citation

Efficient Formulation of Minimum Income Condition Orders on the All-European Power Exchange

Sleisz

Raisz²

2015

Period. Polytech. Elec. Eng. Comp. Sci.

View full text Add to dashboard Cite

show abstract

Participation of wind power producers in day‐ahead and balancing markets: An overview and a simulation‐based study

Algarvio

Lopes

Couto

et al. 2019

WIREs Energy & Environment

View full text Add to dashboard Cite

At present, a harmonized pan-European electricity market (EM) is a close reality. While in day-ahead markets (DAMs) the harmonization is at an advanced stage, in balancing markets (BMs) still exist some challenging issues, notably the remuneration of imbalances: some countries have simple and clear methods, but others consider complex methods that are not appealing to the participation of variable renewable energy (VRE). The participation of VRE in BMs is technically feasible, although with some restrictions to guarantee security and stability. Thus the economic attractiveness of these markets should be increased in order to enable full integration of VRE without feed-in-tariffs or other incentives. This article presents an overview of EMs, focusing on European BMs, and also investigates the benefits of the participation of wind power producers (WPPs) in BMs at both economic and technical levels. In particular, the article presents a new strategy allowing WPPs to bid in BMs. It also presents a study involving four scenarios, where WPPs participate in: (a) the DAM (baseline scenario), (b) the DAM and the automatic-activated frequency restoration reserve market, (c) the DAM and the manually activated FRR (mFRR) market, and (d) the DAM and a 15-min mFRR market. The simulations are performed with the agent-based system MATREM (for Multi-Agent TRading in EMs). For the last scenario, the results indicate an increase around 6% in the wind energy value to the market, a decrease of 12% in the total reserve used, and a decrease around 16% in the costs from the BM.

show abstract

Algorithmic properties of the all-European day-ahead electricity market

Cited by 23 publications

References 5 publications

Core-form transformer design optimization with branch and bound search and geometric programming

Core-form transformer design optimization with branch and bound search and geometric programming

Efficient Formulation of Minimum Income Condition Orders on the All-European Power Exchange

Participation of wind power producers in day‐ahead and balancing markets: An overview and a simulation‐based study

Contact Info

Product

Resources

About