A Two-Stage Market Mechanism for Electricity with Renewable Generation

@article{Dahlin2019ATM,
  title={A Two-Stage Market Mechanism for Electricity with Renewable Generation},
  author={Nathan Dahlin and R. Jain},
  journal={2019 IEEE 58th Conference on Decision and Control (CDC)},
  year={2019},
  pages={5150-5155}
}
  • Nathan Dahlin, R. Jain
  • Published 2019
  • Economics, Computer Science, Engineering
  • 2019 IEEE 58th Conference on Decision and Control (CDC)
We consider a two-stage market mechanism for trading electricity including renewable generation as an alternative to the widely used multi-settlement market structure. The two-stage market structure allows for recourse decisions by the market operator, which are not possible in today’s markets. We allow for different conventional generation cost curves in the forward and the real-time stages. We have considered costs of demand response programs and black outs but have ignored network structure… Expand
1 Citations
A Risk Aware Two-Stage Market Mechanism for Electricity with Renewable Generation
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