Fast Market Splitting Matching Method for Spot Electric Power Market

DOI Web Site Web Site 1 Citations 1 References

Bibliographic Information

Other Title
  • 電力スポット市場における高速な市場分断約定方式
  • デンリョク スポット シジョウ ニ オケル コウソクナ シジョウ ブンダン ヤクジョウ ホウシキ

Search this article

Description

We have developed a fast, innovative matching method for the spot power market, considering network constraints. In this method, buy and sell order bids are respectively divided into the aggregated volume of several band prices. Then the aggregated volume and the center of each band price are used to calculate a band clearing price, which contains the real clearing price. The dividing and calculating process is iterated until the band price is less than the tick size of the bidding price. We applied this method to a real problem in the Japanese power market with 9 areas, 10 area-connecting lines, and 9000 orders (volume/price pairs). Our simulation results show that the new method is ten times faster than conventional linear programming. This demonstrates the effectiveness of the developed method.

Journal

Citations (1)*help

See more

References(1)*help

See more

Keywords

Details 詳細情報について

Report a problem

Back to top