A Single-Settlement, Energy-Only Electric Power Market for Unpredictable and Intermittent Participants

نویسندگان

  • Geoffrey Pritchard
  • Golbon Zakeri
  • Andrew B. Philpott
چکیده

We discuss a stochastic-programming-based method for scheduling electric power generation subject to uncertainty. Such uncertainty may arise from either imperfect forecasting or moment-to-moment fluctuations, and on either the supply or the demand side. The method gives a system of locational marginal prices which reflect the uncertainty, and these may be used in a market settlement scheme in which payment is for energy only. We show that this scheme is revenue-adequate in expectation.

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عنوان ژورنال:
  • Operations Research

دوره 58  شماره 

صفحات  -

تاریخ انتشار 2010