Most of the liberalized electricity systems use the auction as a market model. The complexity of the underlying optimization formulation depends on the technical and regulatory con...
— Some electric power markets allow bidders to specify constraints on ramp rates for increasing or decreasing power production. We show in a small example that a bidder could use...
The vision of the Smart Grid includes the creation of intelligent electricity supply networks to allow efficient use of energy resources, reduce carbon emissions and are robust to...
Perukrishnen Vytelingum, Sarvapali D. Ramchurn, Th...