A MILP Approach for the Joint Simulation of Electric Control Reserve and Wholesale Markets

Timo Breithaupt, Thomas Leveringhaus, Torsten Rendel, Lutz Hofmann

Abstract

A mixed integer linear programming (MILP) approach for the joint simulation of electric control reserve and electricity wholesale markets is described. This generation dispatch model extends an existing integrated grid and electricity market model covering the Continental European electric power system. By explicitly modelling the markets for primary and secondary control reserve, the model can reproduce the decisions of generating unit operators on which markets to get involved. Besides, the introduction of integrality conditions allows considering start-up costs and the calculus of generating units to pass through economically unattractive periods with low or even negative prices in order to avoid another start-up. Finally, the MILP approach allows to consider the fact that primary and secondary control reserves provision usually requires operation of the respective generating unit and to fully include storages into the optimization problem. In this paper, the generation dispatch model is described in detail, key assumptions are presented and the implementation status is explained.

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Paper Citation


in Harvard Style

Breithaupt T., Leveringhaus T., Rendel T. and Hofmann L. (2017). A MILP Approach for the Joint Simulation of Electric Control Reserve and Wholesale Markets . In Proceedings of the 7th International Conference on Simulation and Modeling Methodologies, Technologies and Applications - Volume 1: SIMULTECH, ISBN 978-989-758-265-3, pages 314-322. DOI: 10.5220/0006441203140322


in Bibtex Style

@conference{simultech17,
author={Timo Breithaupt and Thomas Leveringhaus and Torsten Rendel and Lutz Hofmann},
title={A MILP Approach for the Joint Simulation of Electric Control Reserve and Wholesale Markets},
booktitle={Proceedings of the 7th International Conference on Simulation and Modeling Methodologies, Technologies and Applications - Volume 1: SIMULTECH,},
year={2017},
pages={314-322},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006441203140322},
isbn={978-989-758-265-3},
}


in EndNote Style

TY - CONF
JO - Proceedings of the 7th International Conference on Simulation and Modeling Methodologies, Technologies and Applications - Volume 1: SIMULTECH,
TI - A MILP Approach for the Joint Simulation of Electric Control Reserve and Wholesale Markets
SN - 978-989-758-265-3
AU - Breithaupt T.
AU - Leveringhaus T.
AU - Rendel T.
AU - Hofmann L.
PY - 2017
SP - 314
EP - 322
DO - 10.5220/0006441203140322