Optimal Dispatch in Electricity Markets

Vladimir Kazakov and Anatoly M. Tsirlin

No 206, Research Paper Series from Quantitative Finance Research Centre, University of Technology, Sydney

Abstract: The problem of calculating the optimal dispatch and prices in a single-period electricity auction in a wholesale electricity market is considered here. The novel necessary and sufficient conditions of optimality for this problem are derived and computational algorithms for solving these conditions are constructed.

Keywords: optimal dispatch; electricity market; nonlinear programming; non-convex problems; dynamic programming (search for similar items in EconPapers)
Pages: 15 pages
Date: 2007-10-01
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Persistent link: https://EconPapers.repec.org/RePEc:uts:rpaper:206

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