scholarly journals Market clearing price and equilibria of the progressive second price mechanism

2007 ◽  
Vol 41 (4) ◽  
pp. 465-478 ◽  
Author(s):  
Patrick Maillé
Keyword(s):  
Price Mechanism ◽  
Market Clearing ◽  
Market Clearing Price ◽  
Progressive Second Price

A new converged Emperor Penguin Optimizer for biding strategy in a day-ahead deregulated market clearing price: A case study in China

Energy ◽  
2021 ◽  
Vol 227 ◽  
pp. 120386
Author(s):  
Xiaohui Lu ◽  
Yang Yang ◽  
Peifang Wang ◽  
Yiming Fan ◽  
Fangzhong Yu ◽  
...  
Keyword(s):  
Emperor Penguin ◽  
Market Clearing ◽  
Market Clearing Price

scholarly journals Market Clearing Price Calculation for a Deregulated Power Market

2016 ◽  
Vol 9 (42) ◽  
Author(s):  
V. Kalyanasundaram ◽  
K. Vijayakumar ◽  
Pradeep Vishnuram ◽  
P. Kanakaraj
Keyword(s):  
Power Market ◽  
Market Clearing ◽  
Market Clearing Price

scholarly journals A Two-Sided Price-Decoupled Pay-As-Bid Auction Approach for the Clearing of Day-Ahead Electricity Markets

2020 ◽  
Vol 162 ◽  
pp. 01006
Author(s):  
Dávid Csercsik
Keyword(s):  
Objective Function ◽  
Electricity Markets ◽  
Supply And Demand ◽  
Conventional Approach ◽  
Small Scale ◽  
Power Balance ◽  
Market Clearing ◽  
Multiunit Auctions ◽  
Market Clearing Price ◽  
Characteristic Features

In this paper we propose a possible alternative for conventional pay-as-clear type multiunit auctions commonly used for the clearing of day-ahead power exchanges, and analyse some of its characteristic features in comparison with conventional clearing. In the proposed framework, instead of the concept of the uniform market clearing price, we introduce limit prices separately for supply and demand bids, and in addition to the power balance constraint, we formulate constraints for the income balance of the market. The total traded quantity is used as the objective function of the formulation. The concept is demonstrated on a simple example and is compared to the conventional approach in small-scale market simulations.

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