power system planning

Linearizing Bilinear Products of Shadow Prices and Dispatch Variables in Bilevel Problems for Optimal Power System Planning

  • Grani A. Hanasusanto
  • Nicholas Laws
    • Categories Applications - OR and Management Sciences, Applications - Science and Engineering, Energy Tags , , , ,

    This work presents a general method for linearizing bilinear terms in the upper level of bilevel optimization problems when the bilinear terms are products of the primal and dual variables of the lower level. Bilinear terms of this form often appear in energy market optimization models where the dual variable represents the market price of … Read more

    Generation Expansion Planning with Revenue Adequacy Constraints

  • Cheng Guo
  • Merve Bodur
  • Dimitri J. Papageorgiou
    • Categories Applications - Science and Engineering Tags , , , ,

    Generation capacity expansion models have traditionally taken the vantage point of a centralized planner seeking to find cost-optimal generation capacity to reliably meet load over decadal time scales. Often assuming perfectly competitive players, these models attempt to provide guidance for system planners without necessarily ensuring that individual generators are adequately remunerated for their generation, flexibility, … Read more