A New Market Design For Day-ahead Markets with Power-Based Scheduling

Imperfect Unit Commitment Decisions with Perfect Information: a Real-time Comparison of Energy versus Power

In order to cope with fluctuations and uncertainty, power systems rely on contracted reserves. The day-ahead Unit Commitment (UC) is the short-term planning process which is commonly used to schedule these resources at minimum cost, while operating the system and units within secure technical limits. This paper shows through the evaluation of...