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Stochastic Optimisation for Simulation of Electricity Markets

Published 25 April 2016 | By Energy Exemplar

For a Day-ahead Unit Commitment (UC), System operator must make certain commitment decisions 'now' e.g. for slow start thermal plant; and cannot perfectly anticipate certain variables such as load, wind, solar generation, or random outages.

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Stochastic Optimisation for Simulation of Electricity Markets