A multi-scale optimization framework for electricity market participation

@article{Dowling2017AMO,
  title={A multi-scale optimization framework for electricity market participation},
  author={Alexander W. Dowling and R. Kumar and V. Zavala},
  journal={Applied Energy},
  year={2017},
  volume={190},
  pages={147-164}
}
Power grids coordinate a diverse set of energy systems (generators, loads, storage devices) to ensure that supply and demands are matched at multiple timescales (from hours to milliseconds). Such coordination is achieved through hierarchical market transactions. This work presents an optimization framework to evaluate revenue opportunities provided by these multi-scale market hierarchies and to determine optimal participation strategies for individual participants. The proposed framework models… Expand
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