2023
DOI: 10.3390/su151813575
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Optimizing Power Market Clearing with Segmented Electricity Prices: A Bilevel Model

Chong Wang,
Mingfeng Ni,
Yan Shi
et al.

Abstract: The energy sector plays a critical role in reducing emissions by transitioning to renewable energy. However, integrating renewable energy into the electricity market impacts market clearing. This article investigates market clearing decisions of renewable and traditional energy companies, considering electricity price segmentation. We propose an interprovincial bilevel market clearing decision-making model. The upper level optimizes the provincial market through a unilateral bidding model, minimizing the opera… Show more

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