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dc.contributor.authorBjørndal, Mette
dc.contributor.authorJörnsten, Kurt
dc.date.accessioned2006-06-27T15:36:18Z
dc.date.available2006-06-27T15:36:18Z
dc.date.issued2004-06
dc.identifier.issn1503-2140
dc.identifier.urihttp://hdl.handle.net/11250/166476
dc.description.abstractThe issue of finding market clearing prices in markets with non-convexities has had a renewed interest due to the deregulation of the electricity sector. In the day-ahead electricity market, equilibrium prices are calculated based on bids from generators and consumers. In most of the existing markets, several generation technologies are present, some of which have considerable non-convexities, such as capacity limitations and large start up costs. In this paper we present equilibrium prices composed of a commodity price and an uplift charge. The prices are based on the generation of a separating valid inequality that supports the optimal resource allocation. In the case when the sub-problem generated as the integer variables are held fixed to their optimal values possess the integrality property, the generated prices are also supported by non-linear price-functions that are the basis for integer programming duality.en
dc.format.extent141905 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoengen
dc.publisherSNFen
dc.relation.ispartofseriesWorking Paperen
dc.relation.ispartofseries2004:29en
dc.subjectelectricity marketsen
dc.subjectpricingen
dc.subjectinteger programming dualityen
dc.titleEquilibrium prices supported by dual price functions in markets with non-convexitiesen
dc.typeWorking paperen


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