Chapter 3 Complementarity-Based Equilibrium Modeling for Electric Power Markets

@inproceedings{Hobbs2003Chapter3C,
  title={Chapter 3 Complementarity-Based Equilibrium Modeling for Electric Power Markets},
  author={Benjamin F. Hobbs and Udi Helman},
  year={2003}
}
Complementarity-based power market models represent the constrained optimization problems of electricity generators, consumers, arbitragers, and transmitters. These models directly solve a system of conditions that include each player’s first-order optimality conditions plus market clearing. We introduce basic complementarity modeling concepts and a general… CONTINUE READING