Constrained auction clearing in the Italian electricity market

Patrizia Beraldi, Domenico Conforti, Chefi Triki, Antonio Violi

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

Most of the liberalized electricity systems use the auction as a market model. The complexity of the underlying optimization formulation depends on the technical and regulatory constraints that must be considered. In Italy, the auction clearing should include not only congestion management limitations, but also a challenging regulatory constraint imposing that, while the zonal prices are allowed on the selling side, a uniform purchasing price has to be applied for all the zones of the Italian system. Such constraint introduces several complexities such as nonlinearity and integrality. In this paper we discuss the modeling issues arising in the Italian context and we propose, in addition, a mechanism for the priority management of the offers/bids acceptance. We test the behavior of the models developed on a set of problems that represent all the possible scenarios that can be met in practice. The numerical results demonstrate the validity and the effectiveness of the proposed models.

Original languageEnglish
Pages (from-to)35-51
Number of pages17
Journal4OR
Volume2
Issue number1
DOIs
Publication statusPublished - 2004

Fingerprint

Electricity Market
Auctions
Market Model
Integrality
Purchasing
Electricity
Congestion
Sales
Nonlinearity
Numerical Results
Scenarios
Optimization
Formulation
Modeling
Model
Demonstrate
Power markets
Electricity market
Congestion management
Bid

Keywords

  • Auction clearing
  • Electricity market
  • Optimization models

ASJC Scopus subject areas

  • Management Information Systems
  • Theoretical Computer Science
  • Computational Theory and Mathematics

Cite this

Constrained auction clearing in the Italian electricity market. / Beraldi, Patrizia; Conforti, Domenico; Triki, Chefi; Violi, Antonio.

In: 4OR, Vol. 2, No. 1, 2004, p. 35-51.

Research output: Contribution to journalArticle

Beraldi, Patrizia ; Conforti, Domenico ; Triki, Chefi ; Violi, Antonio. / Constrained auction clearing in the Italian electricity market. In: 4OR. 2004 ; Vol. 2, No. 1. pp. 35-51.
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