Pan-European CVaR-Constrained Stochastic Unit Commitment in Day-Ahead and Intraday Electricity Markets

Pan-European CVaR-Constrained Stochastic Unit Commitment in Day-Ahead and Intraday Electricity Markets

The fundamental modeling of energy systems through individual unit commitment decisions is crucial for energy system planning. However, current large-scale models are not capable of including uncertainties or even risk-averse behavior arising from forecasting errors of variable renewable energies. H...

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Bibliographic Details
Main Authors: Moritz Nobis, Carlo Schmitt, Ralf Schemm, Armin Schnettler
Format: Article
Language:English
Published: MDPI AG 2020-05-01
Series:Energies
Subjects:
benders decomposition
conditional value at risk
forecasting errors
intraday markets
Lagrangian relaxation
stochastic mixed integer programming
Online Access:https://www.mdpi.com/1996-1073/13/9/2339

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https://www.mdpi.com/1996-1073/13/9/2339

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