Waste and energies

Jean Pierre Doussoulin and Benoît Mougenot

Chapter 125 in Elgar Encyclopedia of Energy Economics, 2025, pp 476-478 from Edward Elgar Publishing

Abstract: The unit commitment (UC) problem in wholesale electricity markets involves determining the optimal production schedule for a set of generation units while meeting various technical and economic constraints. These constraints include minimum up-time, minimum downtime, ramp rates, and reserve-capacity requirements. The UC problem is critical for ensuring reliable electricity supply and efficient market operation. It is typically solved using complex modeling techniques such as dynamic programming, integer and linear programming, Lagrangian relaxation, and evolutionary programming. The increasing penetration of renewable energy sources, energy storage, and electric vehicles necessitates innovative UC models. Future developments in market design and regulatory policies will further impact the UC problem, making it a continually evolving area of interest for researchers and policymakers.

Keywords: Unit Commitment (UC); Wholesale Electricity; Markets; Renewable Energy Integration; Energy Storage; Market Design (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035310364
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