Stochastic electricity dispatch: A challenge for market design

Endre Bjørndal, Mette Bjørndal, Kjetil Midthun and Asgeir Tomasgard

Energy, 2018, vol. 150, issue C, 992-1005

Abstract: We consider an energy-only electricity market where some generation and/or load is uncertain, and where there are flexibility costs, i.e. some conventional power plants have to be scheduled well before real time in order to participate in the dispatch, while for others, additional cost incurs if generation plans have to be adjusted close to real time.

Keywords: Market design; Electricity; Stochastic programming (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:150:y:2018:i:c:p:992-1005

DOI: 10.1016/j.energy.2018.02.055

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