Posts Tagged "optimisation"

The Application Of OR Techniques In The Certification Of Software Used To Clear Electricity Markets

As increasingly sophisticated electricity markets develop, the software used to clear these markets will become more complex. The output of such market clearing programs has financial implications for market participants. It is very important, therefore, that their programs are tested rigorously before certification. The combination of engineering and economic principles used, and the complexity of the formulations underlying these programs, make this task challenging. read more →

Dispatch-Based Pricing in Decentralised Electricity Systems

Brendan Ring’s PhD thesis, published in 1995, is one of the first pieces of work to comprehensively explore the theory of nodal pricing and how it might be applied to electricity markets. It pre-dates the implementation of nodal pricing in any electricity market. read more →