TY - JOUR
T1 - Security-Constrained Unit Commitment for Electricity Market
T2 - Modeling, Solution Methods, and Future Challenges
AU - Chen, Yonghong
AU - Pan, Feng
AU - Qiu, Feng
AU - Xavier, Alinson S.
AU - Zheng, Tongxin
AU - Marwali, Muhammad
AU - Knueven, Bernard
AU - Guan, Yongpei
AU - Luh, Peter B.
AU - Wu, Lei
AU - Yan, Bing
AU - Bragin, Mikhail A.
AU - Zhong, Haiwang
AU - Giacomoni, Anthony
AU - Baldick, Ross
AU - Gisin, Boris
AU - Gu, Qun
AU - Philbrick, Russ
AU - Li, Fangxing
N1 - Publisher Copyright:
© 2022 IEEE.
PY - 2023/9/1
Y1 - 2023/9/1
N2 - 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.
AB - 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.
KW - Combined cycle
KW - decomposition
KW - distributed energy resource
KW - electricity market
KW - mixed-integer programming
KW - network security analysis
KW - relaxation
KW - security-constrained unit commitment
KW - storage
KW - virtual transaction
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U2 - 10.1109/TPWRS.2022.3213001
DO - 10.1109/TPWRS.2022.3213001
M3 - Article
AN - SCOPUS:85139827471
SN - 0885-8950
VL - 38
SP - 4668
EP - 4681
JO - IEEE Transactions on Power Systems
JF - IEEE Transactions on Power Systems
IS - 5
ER -