Lab Home | Phone | Search
Center for Nonlinear Studies  Center for Nonlinear Studies
 Home 
 People 
 Current 
 Affiliates 
 Visitors 
 Students 
 Research 
 ICAM-LANL 
 Publications 
 Conferences 
 Workshops 
 Sponsorship 
 Talks 
 Colloquia 
 Colloquia Archive 
 Seminars 
 Postdoc Seminars Archive 
 Quantum Lunch 
 Quantum Lunch Archive 
 CMS Colloquia 
 Q-Mat Seminars 
 Q-Mat Seminars Archive 
 P/T Colloquia 
 Archive 
 Kac Lectures 
 Kac Fellows 
 Dist. Quant. Lecture 
 Ulam Scholar 
 Colloquia 
 
 Jobs 
 Postdocs 
 CNLS Fellowship Application 
 Students 
 Student Program 
 Visitors 
 Description 
 Past Visitors 
 Services 
 General 
 
 History of CNLS 
 
 Maps, Directions 
 CNLS Office 
 T-Division 
 LANL 
 
Thursday, May 07, 2015
10:30 AM - 12:00 PM
CNLS Conference Room (TA-3, Bldg 1690)

Seminar

Pricing non-convexities in an electricity pool: A non-orthodox primal-dual approach

Antonio Conejo Navarro
Ohio State University

Electricity pools are generally cleared through auctions that are conveniently formulated as mixed-integer linear programming problems. Since a mixed-integer linear programming problem is non-continuous and non-convex, marginal prices cannot be derived. However, to trade electricity prices are needed. Thus, a relevant question arises: how to generate appropriate prices? This paper addresses this important issue and proposes a primal-dual approach to derive revenue-adequate uniform prices that guarantee that dispatched producers remain in the market. Such prices do not significantly deviate from the marginal prices obtained if integrality conditions are relaxed in the original mixed-integer linear programming problem.

Host: Misha Chertkov