dc power flow

Multi-Leader Single-Follower Power-Market Modeling: The Impact of DC Market-Clearing on AC Feasibility

  • Martina Cerulli
  • Claudia D'Ambrosio
  • Leo Liberti
  • Martin Schmidt
    • Categories Bilevel Optimization, Energy Tags , , , ,

    We study the impact of DC power flow modeling in multi-leader single-follower market models on the AC feasibility of the market outcome. To this end, we consider strategically bidding power producers that are connected to an electricity network and a market-clearing executed by an ISO. The focus is on a pay-as-bid electricity market in which … Read more

    Uniqueness and Multiplicity of Market Equilibria on DC Power Flow Networks

  • Vanessa Krebs
  • Lars Schewe
  • Martin Schmidt
    • Categories Applications - OR and Management Sciences, Convex Optimization, Network Optimization Tags , , , , ,

    We consider uniqueness and multiplicity of market equilibria in a short-run setup where traded quantities of electricity are transported through a capacitated network in which power flows have to satisfy the classical lossless DC approximation. The firms face fluctuating demand and decide on their production, which is constrained by given capacities. Today, uniqueness of such … Read more