European day-ahead electricity market clearing model
Electric Power Systems Research（2016）
Abstract
•Explicit modeling of network and market constraints currently appearing in European PXs.•Derivation of MCPs as a function of the Lagrange multipliers of problem constraints.•Modelling of MIC orders without binary variables.•Handling of Paradoxically Accepted Orders and MIC orders not fulfilling their clearing condition.•The algorithm reached convergence within minimal execution times in all test cases.
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Key words
Block orders,Complex orders,European electricity market clearing,Mixed integer linear programming,Paradoxically accepted orders
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