{"title":"Comparison of methods for calculating generation offers in the Mexican wholesale electricity market","authors":"L. Alejandre, G. G. Alcaraz","doi":"10.1109/ROPEC.2017.8261645","DOIUrl":null,"url":null,"abstract":"Electricity markets have varying rules regarding bid formats. Many of them uses piecewise linear (PWL) approximation of generating units' quadratic cost curves. This paper presents a comparative study of two PWL methods with the Mexican Electricity Market approach on market outcomes under different scenarios. Numerical test results show that the format of PWL bids approximation yield different dispatch results.","PeriodicalId":260469,"journal":{"name":"2017 IEEE International Autumn Meeting on Power, Electronics and Computing (ROPEC)","volume":"20 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2017-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2017 IEEE International Autumn Meeting on Power, Electronics and Computing (ROPEC)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ROPEC.2017.8261645","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 2
Abstract
Electricity markets have varying rules regarding bid formats. Many of them uses piecewise linear (PWL) approximation of generating units' quadratic cost curves. This paper presents a comparative study of two PWL methods with the Mexican Electricity Market approach on market outcomes under different scenarios. Numerical test results show that the format of PWL bids approximation yield different dispatch results.
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