Market provision of flexible energy/reserve contracts

Wanning Li and Leigh Tesfatsion ()

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: The need for flexible service provision has dramatically increased in recent years due to the increased penetration of variable energy resources, as has the need to ensure fair access to service provision from an increasingly diverse array of resources. In response to these needs, this study develops a new analytic optimization formulation for the clearing of day-ahead markets based on swing contracts for the combined flexible provision of energy and reserve services. This new optimization formulation is a mixed integer linear programming (MILP) problem that can be solved using standard MILP solution software. A numerical day-ahead market example is presented to illustrate the potential of this new optimization formulation for real-world implementation.

Date: 2016-01-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dr.lib.iastate.edu/server/api/core/bitstre ... 436c06d83007/content
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:isu:genstf:201601010800001054

Access Statistics for this paper

More papers in ISU General Staff Papers from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().