Security Constrained Unit Commitment for Electricity Market: Modeling, Solution Methodology and Future Challenges

09 Sep 2022
Yonghong Chen
Sponsored by:
LIVE WEBINAR EVENT Wednesday, November 2, 2022 11:00 AM
Session Type:
Video Length / Slide Count:
Time: 01:00:00 (40 minutes of instruction followed by 20 minutes of Q&A)
This webinar summarizes the technical activities of the IEEE Task Force on Solving Large Scale Optimization Problems in Electricity Market and Power System Applications. This Task Force was established by the IEEE Technology and Innovation Subcommittee to first review the state-of-the-art of the security-constrained unit commitment (SCUC) business model, its mathematical formulation, and solution techniques in solving electricity market clearing problems. The Task Force then investigated the emerging challenges of future market clearing problems and presented efforts in building benchmark mathematical and business models.

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