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An Algorithm for the Decentralized Market Coupling Problem
Citation
Basagoiti, Pedro and Gonzáles Fernandez-Castañeda, Jose Javier and Álvarez Fernandez, Manuel (2008). An Algorithm for the Decentralized Market Coupling Problem. In: "5th International Conference on the European Electricity Markets", 28/05/2008-30/05/2008, Lisboa, Portugal. ISBN 978-1-4244-1743-8.
Description
| Title: | An Algorithm for the Decentralized Market Coupling Problem |
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| Author/s: |
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| Item Type: | Presentation at Congress or Conference (Article) |
| Event Title: | 5th International Conference on the European Electricity Markets |
| Event Dates: | 28/05/2008-30/05/2008 |
| Event Location: | Lisboa, Portugal |
| Title of Book: | Proceedings of the 5th International Conference on the European Electricity Market |
| Date: | 2008 |
| ISBN: | 978-1-4244-1743-8 |
| Subjects: | |
| Freetext Keywords: | Market Coupling, Block Bids, Lagrangian Relaxation. |
| Faculty: | E.T.S.I. Industriales (UPM) |
| Department: | Matemática Aplicada a la Ingeniería Industrial |
| Creative Commons Licenses: | Recognition - No derivative works - Non commercial |
Abstract
In this communication a conceptual algorithm is proposed for the market coupling process in the presence of block orders. The basic idea is to use the Lagrangian relaxation to get a decomposition of the problem that emulates the necessary decentralization process. The feasibility of this procedure misanalyses using a simplified model of the problem. In particular, the solution obtained in this decentralized way is contrasted with the numerically exact solution of the problem by evaluating the duality gap. The examples presented suggest that in this way reasonably approximate solutions can be obtained, to improve those obtained through empirical procedures used by the market operators.
More information
| Item ID: | 4174 |
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| DC Identifier: | https://oa.upm.es/4174/ |
| OAI Identifier: | oai:oa.upm.es:4174 |
| Official URL: | http://ieeexplore.ieee.org/xpl/mostRecentIssue.jsp... |
| Deposited by: | Memoria Investigacion |
| Deposited on: | 14 Sep 2010 11:37 |
| Last Modified: | 20 Apr 2016 13:30 |
