Security-Constrained Unit Commitment for Electricity Market: Modeling,
Solution Methods, and Future Challenges
Abstract
This paper 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.