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

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

doi:10.1109/tpwrs.2022.3213001

DOE OSTI · 1899996

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

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

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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.

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24 POWER TRANSMISSION AND DISTRIBUTION 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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Chen, Yonghong, Pan, Feng, Qiu, Feng, Xavier, Alinson S., Zheng, Tongxin, Marwali, Muhammad, Knueven, Bernard, Guan, Yongpei, Luh, Peter B., Wu, Lei, Yan, Bing, Bragin, Mikhail A., Zhong, Haiwang, Giacomoni, Anthony, Baldick, Ross, Gisin, Boris, Gu, Qun, Philbrick, Russ, Li, Fangxing. 2022-10-10. Security-Constrained Unit Commitment for Electricity Market: Modeling, Solution Methods, and Future Challenges. https://doi.org/10.1109/tpwrs.2022.3213001

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