Matches in SemOpenAlex for { <https://semopenalex.org/work/W2109907888> ?p ?o ?g. }
- W2109907888 endingPage "544" @default.
- W2109907888 startingPage "532" @default.
- W2109907888 abstract "Deregulated electricity markets in the U.S. currently use an auction mechanism that minimizes total supply bid costs to select bids and their levels. Payments are then settled based on market-clearing prices. Under this setup, the consumer payments could be significantly higher than the minimized bid costs obtained from auctions. This gives rise to ldquopayment cost minimization,rdquo an alternative auction mechanism that minimizes consumer payments. We previously presented an augmented Lagrangian and surrogate optimization framework to solve payment cost minimization problems without considering transmission. This paper extends that approach to incorporate transmission capacity constraints. The consideration of transmission constraints complicates the problem by entailing power flow and introducing locational marginal prices (LMPs). DC power flow is used for simplicity and LMPs are defined by ldquoeconomic dispatchrdquo for the selected supply bids. To characterize LMPs that appear in the payment cost objective function, Karush-Kuhn-Tucker (KKT) conditions of economic dispatch are established and embedded as constraints. The reformulated problem is difficult in view of the complex role of LMPs and the violation of constraint qualifications caused by the complementarity constraints of KKT conditions. Our key idea is to extend the surrogate optimization framework and use a regularization technique. Specific methods to satisfy the ldquosurrogate optimization conditionrdquo in the presence of transmission capacity constraints are highlighted. Numerical testing results of small examples and the IEEE Reliability Test System with randomly generated supply bids demonstrate the quality, effectiveness, and scalability of the method." @default.
- W2109907888 created "2016-06-24" @default.
- W2109907888 creator A5007886799 @default.
- W2109907888 creator A5015943618 @default.
- W2109907888 creator A5070935042 @default.
- W2109907888 creator A5073659320 @default.
- W2109907888 creator A5089159973 @default.
- W2109907888 date "2008-05-01" @default.
- W2109907888 modified "2023-09-26" @default.
- W2109907888 title "Payment Cost Minimization Auction for Deregulated Electricity Markets With Transmission Capacity Constraints" @default.
- W2109907888 cites W1604627832 @default.
- W2109907888 cites W1966095601 @default.
- W2109907888 cites W1969368779 @default.
- W2109907888 cites W1979603336 @default.
- W2109907888 cites W1988435421 @default.
- W2109907888 cites W1992390555 @default.
- W2109907888 cites W2007255736 @default.
- W2109907888 cites W2014457744 @default.
- W2109907888 cites W2031037615 @default.
- W2109907888 cites W2042838878 @default.
- W2109907888 cites W2070300181 @default.
- W2109907888 cites W2092828705 @default.
- W2109907888 cites W2099494084 @default.
- W2109907888 cites W2107009556 @default.
- W2109907888 cites W2112838397 @default.
- W2109907888 cites W2120461039 @default.
- W2109907888 cites W2126666534 @default.
- W2109907888 cites W2133429367 @default.
- W2109907888 cites W2133996598 @default.
- W2109907888 cites W2144674760 @default.
- W2109907888 cites W2147837707 @default.
- W2109907888 cites W2148652465 @default.
- W2109907888 cites W2149048932 @default.
- W2109907888 cites W2152344568 @default.
- W2109907888 cites W2156992695 @default.
- W2109907888 cites W2164231663 @default.
- W2109907888 cites W2168324649 @default.
- W2109907888 cites W4229785982 @default.
- W2109907888 cites W4231147659 @default.
- W2109907888 cites W4238748890 @default.
- W2109907888 doi "https://doi.org/10.1109/tpwrs.2008.919404" @default.
- W2109907888 hasPublicationYear "2008" @default.
- W2109907888 type Work @default.
- W2109907888 sameAs 2109907888 @default.
- W2109907888 citedByCount "42" @default.
- W2109907888 countsByYear W21099078882012 @default.
- W2109907888 countsByYear W21099078882013 @default.
- W2109907888 countsByYear W21099078882014 @default.
- W2109907888 countsByYear W21099078882015 @default.
- W2109907888 countsByYear W21099078882016 @default.
- W2109907888 countsByYear W21099078882017 @default.
- W2109907888 countsByYear W21099078882018 @default.
- W2109907888 countsByYear W21099078882019 @default.
- W2109907888 countsByYear W21099078882020 @default.
- W2109907888 countsByYear W21099078882021 @default.
- W2109907888 crossrefType "journal-article" @default.
- W2109907888 hasAuthorship W2109907888A5007886799 @default.
- W2109907888 hasAuthorship W2109907888A5015943618 @default.
- W2109907888 hasAuthorship W2109907888A5070935042 @default.
- W2109907888 hasAuthorship W2109907888A5073659320 @default.
- W2109907888 hasAuthorship W2109907888A5089159973 @default.
- W2109907888 hasConcept C10138342 @default.
- W2109907888 hasConcept C119599485 @default.
- W2109907888 hasConcept C126255220 @default.
- W2109907888 hasConcept C127413603 @default.
- W2109907888 hasConcept C140311924 @default.
- W2109907888 hasConcept C144133560 @default.
- W2109907888 hasConcept C145097563 @default.
- W2109907888 hasConcept C146733006 @default.
- W2109907888 hasConcept C147764199 @default.
- W2109907888 hasConcept C162324750 @default.
- W2109907888 hasConcept C175444787 @default.
- W2109907888 hasConcept C206658404 @default.
- W2109907888 hasConcept C33923547 @default.
- W2109907888 hasConcept C41008148 @default.
- W2109907888 hasConcept C42475967 @default.
- W2109907888 hasConceptScore W2109907888C10138342 @default.
- W2109907888 hasConceptScore W2109907888C119599485 @default.
- W2109907888 hasConceptScore W2109907888C126255220 @default.
- W2109907888 hasConceptScore W2109907888C127413603 @default.
- W2109907888 hasConceptScore W2109907888C140311924 @default.
- W2109907888 hasConceptScore W2109907888C144133560 @default.
- W2109907888 hasConceptScore W2109907888C145097563 @default.
- W2109907888 hasConceptScore W2109907888C146733006 @default.
- W2109907888 hasConceptScore W2109907888C147764199 @default.
- W2109907888 hasConceptScore W2109907888C162324750 @default.
- W2109907888 hasConceptScore W2109907888C175444787 @default.
- W2109907888 hasConceptScore W2109907888C206658404 @default.
- W2109907888 hasConceptScore W2109907888C33923547 @default.
- W2109907888 hasConceptScore W2109907888C41008148 @default.
- W2109907888 hasConceptScore W2109907888C42475967 @default.
- W2109907888 hasIssue "2" @default.
- W2109907888 hasLocation W21099078881 @default.
- W2109907888 hasOpenAccess W2109907888 @default.
- W2109907888 hasPrimaryLocation W21099078881 @default.
- W2109907888 hasRelatedWork W1487714482 @default.
- W2109907888 hasRelatedWork W2029543673 @default.
- W2109907888 hasRelatedWork W2063469664 @default.