英文标题：
《The impact of startup costs and the grid operator on the power price
equilibrium》
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作者：
Miha Troha and Raphael Hauser
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最新提交年份：
2014
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英文摘要：
In this paper we propose a quadratic programming model that can be used for calculating the term structure of electricity prices while explicitly modeling startup costs of power plants. In contrast to other approaches presented in the literature, we incorporate the startup costs in a mathematically rigorous manner without relying on ad hoc heuristics. Moreover, we propose a tractable approach for estimating the startup costs of power plants based on their historical production. Through numerical simulations applied to the entire UK power grid, we demonstrate that the inclusion of startup costs is necessary for the modeling of electricity prices in realistic power systems. Numerical results show that startup costs make electricity prices very spiky. In the second part of the paper, we extend the initial model by including the grid operator who is responsible for managing the grid. Numerical simulations demonstrate that robust decision making of the grid operator can significantly decrease the number and severity of spikes in the electricity price and improve the reliability of the power grid.
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中文摘要：
在本文中，我们提出了一个二次规划模型，可以用来计算电价的期限结构，同时显式地模拟发电厂的启动成本。与文献中介绍的其他方法相比，我们以数学上严格的方式考虑了启动成本，而不依赖于特别的启发式方法。此外，我们还提出了一种基于历史发电量估算发电厂启动成本的简便方法。通过应用于整个英国电网的数值模拟，我们证明了在现实电力系统中建模电价时，包含启动成本是必要的。数值结果表明，启动成本使得电价非常高。在本文的第二部分中，我们扩展了初始模型，包括负责管理网格的网格运营商。数值模拟表明，电网运营商的稳健决策可以显著减少电价峰值的数量和严重程度，提高电网的可靠性。
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分类信息：

一级分类：Quantitative Finance 数量金融学
二级分类：Pricing of Securities 证券定价
分类描述：Valuation and hedging of financial securities, their derivatives, and structured products
金融证券及其衍生产品和结构化产品的估值和套期保值
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一级分类：Mathematics 数学
二级分类：Optimization and Control 优化与控制
分类描述：Operations research, linear programming, control theory, systems theory, optimal control, game theory
运筹学，线性规划，控制论，系统论，最优控制，博弈论
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