Price-Based Unit Commitment Electricity Storage Arbitrage with Piecewise Linear Price-Effects

Price - based unit commitment electricity storage arbitrage with piecewise linear price - effects

Price Based Unit Commitment Problem Under Deregulation

The profit based unit commitment problem involves determining the time intervals at which a particular generating unit should be online and available for generation, and the associated generation or dispatch, the aim being to maximize its total profits based on a given price profile. This problem can be attacked by various techniques like single unit dynamic programming, lagrangian relaxation, ...

Short-term Price-based Unit Commitment of Hydrothermal GenCos: A Pre-emptive Goal Programming Approach

The solution of single-objective unit commitment problems for generation companies participating in deregulated markets may not directly be implementable mainly because of neglecting some conflicting secondary objectives arising from policy-making at internal/external environment. Benefiting an efficient multi-objective approach to improve the applicability of price-based unit commitment soluti...

Perfect price discrimination with costless arbitrage

The ability of a monopoly seller to prevent resale is often presented as a necessary condition for first degree price discrimination. In this paper, we explore this claim and show that, even with costless arbitrage markets, price discrimination may continue to be both feasible and profit maximizing despite potential resale. With finite numbers of consumers, arbitrage markets may be ‘thin’, in t...

Alaska Softwood Market Price Arbitrage

In order to be effective, policies promoting industrial utilization of the forests of southeast Alaska require information on potential markets for products and, specifically, the degree to which Alaska products may be able to retain market share while commanding higher prices. Higher prices relative to competitors are needed by Alaska producers in order to compensate for higher operation costs...