Security-Constrained Unit Commitment for Electricity Market: Modeling, Solution Methods, and Future Challenges
Yonghong Chen, Feng Pan, Feng Qiu, Álinson Santos Xavier, Tongxin Zheng, Muhammad Marwali, Bernard Knueven, Yongpei Guan, Peter B. Luh, Lei Wu, Bing Yan, Mikhail A. Bragin, Haiwang Zhong, Anthony Giacomoni, Ross Baldick, B. Gisin, Qun Gu, Russ Philbrick, Fangxing Li
Abstract
This paper summarizes the technical activities of the IEEE Task Force on Solving Large Scale Optimization Problems in Electricity Market and Power System Applications. This Task Force was established by the IEEE Technology and Innovation Subcommittee to first review the state-of-the-art of the security-constrained unit commitment (SCUC) business model, its mathematical formulation, and solution techniques in solving electricity market clearing problems. The Task Force then investigated the emerging challenges of future market clearing problems and presented efforts in building benchmark mathematical and business models.