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Integrated market scheduling with flexibility options

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  • Koltsaklis, Nikolaos E.
  • Knápek, Jaroslav

Abstract

This work presents a generic optimization framework using advanced mixed-integer programming techniques to integrate day-ahead and balancing markets with distributed energy resources such as storage, electric vehicles, demand response, and Transmission and Distribution System Operators' coordination schemes. The day-ahead model determines optimal initial energy scheduling, while the balancing model optimizes energy and reserve products for three market designs with varying Transmission and Distribution System Operators’ coordination. The framework is applied to the interconnected Greek-Bulgarian-Romanian power system, considering 2030 installed capacities.

Suggested Citation

  • Koltsaklis, Nikolaos E. & Knápek, Jaroslav, 2025. "Integrated market scheduling with flexibility options," Renewable and Sustainable Energy Reviews, Elsevier, vol. 208(C).
    • Handle: RePEc:eee:rensus:v:208:y:2025:i:c:s1364032124007469
    DOI: 10.1016/j.rser.2024.115020
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    1. Eleni Ntemou & Filippos Ioannidis & Kyriaki Kosmidou & Kostas Andriosopoulos, 2025. "Navigating Electricity Market Design of Greece: Challenges and Reform Initiatives," Energies, MDPI, vol. 18(10), pages 1-22, May.

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