Ex post pricing in the co-optimized energy and reserve market

@article{Zheng2012ExPP,
  title={Ex post pricing in the co-optimized energy and reserve market},
  author={Tongxin Zheng and E. Litvinov},
  journal={2012 IEEE Power and Energy Society General Meeting},
  year={2012},
  pages={1-1}
}
Summary form only given: This paper discusses an alternative to the ex post pricing model currently under development within ISO New England's (ISO NE) ancillary service market. Since ISO NE's real-time ancillary service market co-optimizes both energy and reserve products, ex post pricing is needed for both energy and reserve. A co-optimization approach for ex post pricing requires defining complex pricing rules, and implementing heuristics to ensure consistent binding constraints with the ex… CONTINUE READING
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