Empirical comparison of three models for determining market clearing prices in Turkish day-ahead electricity market

Autor: Nermin Elif Kurt, H. Bahadir Sahin, Kursad Derinkuyu, Gokhan Ceyhan
Přispěvatelé: TOBB ETU, Faculty of Engineering, Department of Industrial Engineering, TOBB ETÜ, Mühendislik Fakültesi, Endüstri Mühendisliği Bölümü, Derinkuyu, Kürşad
Jazyk: angličtina
Rok vydání: 2017
Předmět:
Popis: Bidders in day-ahead electricity markets want to sell/buy electricity when their bids generate positive surplus and not to take an action when the reverse holds. However, non-convexities in these markets cause conflicts between the actions that the bidders want to take and the actual market results. In this work, we investigate the non-convex market clearing problem of Turkish market operator and propose three different rule sets. The first rule set allows both rejection of bids with positive surplus and acceptance of bids with negative surplus. The second and the third sets only allow one of these conflicted cases. By using total surplus maximization as the objective, we formulate three models and statistically explore their performance with the real data taken from Turkish market operator.
Comment: 7 pages, 3 figures, 14th International Conference on the European Energy Market (EEM), 2017
Databáze: OpenAIRE