New Clearing Model to Mitigate the Non-Convexity in European Day-ahead Electricity Market

Nowadays, the payment scheme of European Day-Ahead Market is based on the market clearing price by running the Pan-European Hybrid Electricity Market Integration Algorithm. However, this conventional payment scheme is challenging because of the non-convexity and the short computation time requiremen...

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Bibliographic Details
Main Authors: Le Hong Lam, Valentin Ilea, Cristian Bovo
Format: Article
Language:English
Published: MDPI AG 2020-09-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/13/18/4716