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• W4205361142 abstract "Convex hull pricing is a well-documented method for coping with the non-existence of uniform clearing prices in electricity markets with non-convex costs and constraints. We revisit primal and dual methods for computing convex hull prices, and discuss the positioning of existing approximation methods in this taxonomy. We propose a dual decomposition algorithm known as the Level Method and we adapt the basic algorithm to the specificities of convex hull pricing. We benchmark its performance against a column generation algorithm that has recently been proposed in the literature. We provide empirical evidence about the favorable performance of our algorithm on large test instances based on PJM and Central Europe." @default.
• W4205361142 created "2022-01-25" @default.
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• W4205361142 date "2022-09-01" @default.
• W4205361142 modified "2023-10-18" @default.
• W4205361142 title "Application of the Level Method for Computing Locational Convex Hull Prices" @default.
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• W4205361142 doi "https://doi.org/10.1109/tpwrs.2022.3142567" @default.
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