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...

Auctions for Congestion Management in Distribution Grids

Large controllable loads, such as electric vehicles, are increasingly penetrating electricity distribution feeders. To avoid local congestion, their consumption behaviour must be steered, for which a real-time price propagated down from the transmission system does not suffice, as it does not reflect local grid conditions. To efficiently steer...

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