no code implementations • 22 Mar 2021 • Anubhav Ratha, Pierre Pinson, Hélène Le Cadre, Ana Virag, Jalal Kazempour
We propose a new forward electricity market framework that admits heterogeneous market participants with second-order cone strategy sets, who accurately express the nonlinearities in their costs and constraints through conic bids, and a network operator facing conic operational constraints.
1 code implementation • 7 Oct 2020 • Vladimir Dvorkin, Anubhav Ratha, Pierre Pinson, Jalal Kazempour
Furthermore, the chance-constrained optimization provides the foundation of a stochastic pricing scheme for natural gas networks, which improves on a deterministic market settlement by offering the compensations to network assets for their contribution to uncertainty and variance control.
Optimization and Control
