Security-Constrained Unit Commitment for Electricity Market: Modeling, Solution Methods, and Future Challenges

Yonghong Chen, Feng Pan, Feng Qui, Alinson Xavier, Tongxin Zheng, Muhammad Marwali, Bernard Knueven, Yongpei Guan, Peter Luh, Lei Wu, Bing Yan, Mikhail Bragin, Haiwang Zhong, Anthony Giacomoni, Ross Baldick, Boris Gisin, Qun Gu, Russ Philbrick, Fangxing Li

Research output: Contribution to journalArticlepeer-review

8 Scopus Citations

Abstract

This paper summarizes the technical activities of the IEEE Task Force on Solving Large Scale Optimization Problems in Electricity Market and Power System Applications. This Task Force was established by the IEEE Technology and Innovation Subcommittee to first review the state-of-the-art of the security-constrained unit commitment (SCUC) business model, its mathematical formulation, and solution techniques in solving electricity market clearing problems. The Task Force then investigated the emerging challenges of future market clearing problems and presented efforts in building benchmark mathematical and business models.

Original languageAmerican English
Pages (from-to)4668-4681
Number of pages14
JournalIEEE Transactions on Power Systems
Volume38
Issue number5
DOIs
StatePublished - 2023

Bibliographical note

Publisher Copyright:
© 2022 IEEE.

NREL Publication Number

  • NREL/JA-2C00-84449

Keywords

  • Combined cycle
  • decomposition
  • distributed energy resource
  • electricity market
  • mixed-integer programming
  • network security analysis
  • relaxation
  • security-constrained unit commitment
  • storage
  • virtual transaction

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