Iterative Approach to Solve Distributed Optimization for Coupled Intra-Market of Energy
Published:
Amagine that we want to solve a market mechanism that the players do not want to share their private information. This is the player we are facing here where the players are themselves the regional market operators. The solution to this problem is an iterative clearing approach. The market clearing is in fact an optimization problem that we want to address.
Furthermore, the problem we are addressing here is a stochastic optimization where we are use chance-constraint formulation to address this problem.
The proposed model is implemented on the following case study where three regional markets exist and are coupled together with tie-lines.
The proposed iterative mechanism is implemented and the results shows the convergence of the proposed iterative mechanism.
To see the Github repository for this project, see Github.