Modelling start-up costs of multiple technologies in electricity markets

Ludwig Kuntz () and Felix Müsgens ()

Mathematical Methods of Operations Research, 2007, vol. 66, issue 1, 32 pages

Abstract: This paper deals with the dispatch problem in providing electric power with minimal costs using different technologies. Initially, we describe this problem in terms of a linear program. This enables us to take generally neglected start-up costs into account. The main result is the explicit solution of a simplified linear program which provides us with a better understanding of the ‘start-up cost’ effects. Furthermore, we show that dominated technologies should be used in the case of limited availability of efficient technologies. Copyright Springer-Verlag 2007

Keywords: Electricity markets; Energy modeling; C61; Q41 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (8)

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DOI: 10.1007/s00186-007-0148-y

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