In pursuit of achieving carbon neutrality goals, modern power systems are increasingly
characterized by low-carbon and low-inertia properties, leading to significant concerns …

Energy prices are usually determined by the marginal costs obtained by solving economic
dispatch problems without considering commitment costs. Hence, generating units are …

Hydrogen-based carbon-free microgrids (CFMs) show great potential in alleviating the
pressure of climate changes. To reduce the computational burden, representative days are …

In certain power markets, due to the non-convex operation characteristics, generators
adhering to the decisions of Independent System Operators (ISO) may struggle to recover …

With the growing demand and complex supply structure for electricity, higher requirements
are proposed for generating units to regulate the peak load, resulting in significant increases …

For the pricing in the non-convex electricity markets, the various pricing properties including
supporting a competitive equilibrium, non-discrimination, cost recovery of participants, and …

The operational characteristics of generators cause non-convexity in the electricity market.
The presence of non-convexity implies that market participants will bear lost opportunity …

Electricity prices determined by economic dispatch that do not consider fixed costs may lead
to significant uplift payments. However, when fixed costs are included, prices become non …

Due to the increase of renewable energy sources (RESs), the uncertainties of power
systems are growing significantly which motivates the system operators to consider the …

Electricity prices determined by economic dispatch that do not consider fixed costs may lead
to significant uplift payments. However, when fixed costs are included, prices become non …