Security-Constrained Unit Commitment for Electricity Market: Modeling, Solution Methods, and Future Challenges

This paper summarizes the technical activities of IEEE Task Force on Solving Large Scale Optimization Problems in Electricity Market and Power System Applications. was established by Technology Innovation Subcommittee to first review state-of-the-art security-constrained unit commitment (SCUC) business model, its mathematical formulation, solution techniques solving electricity market clearing problems. The then investigated emerging challenges future problems presented efforts building benchmark models.