Scheduled System Maintenance:
On May 6th, system maintenance will take place from 8:00 AM - 12:00 PM ET (12:00 - 16:00 UTC). During this time, there may be intermittent impact on performance. We apologize for the inconvenience.
By Topic

Designs for ramp-constrained day-ahead auctions

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

The purchase and pricing options are temporarily unavailable. Please try again later.
2 Author(s)
Oren, S.S. ; Dept. of IEOR, UC Berkeley, CA, USA ; Ross, A.M.

Some electric power markets allow bidders to specify constraints on ramp rates for increasing or decreasing power production. We show in a small example that a bidder could use an overly restrictive constraint to increase profits, and explore the cause by visualizing the feasible region from the linear program corresponding to the power auction. We propose two penalty approaches to discourage bidders from such a tactic: one based on duality theory of linear programming, the other based on social cost differences caused by ramp constraints. We evaluate the two approaches using a simplified scaled model of the California power system, with actual 2001 California demand data.

Published in:

System Sciences, 2003. Proceedings of the 36th Annual Hawaii International Conference on

Date of Conference:

6-9 Jan. 2003