Convex Hull Pricing for Unit Commitment: Survey, Insights, and Discussions

Energy prices are usually determined by the marginal costs obtained by solving economic dispatch problems without considering commitment costs. Hence, generating units are compensated through uplift payments. However, uplift payments may undermine market transparency as they are not publicly disclos...

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Bibliographic Details
Main Authors: Farhan Hyder, Bing Yan, Mikhail Bragin, Peter Luh
Format: Article
Language:English
Published: MDPI AG 2024-09-01
Series:Energies
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Online Access:https://www.mdpi.com/1996-1073/17/19/4851
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