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ALOP-Colloquium with Julia Gruebel, M.Sc., FAU Erlangen-Nuernberg

July 13 / 16:00 - 17:00

On Monday, July 13. 2020 at 16:00 c.t.  Julia Gruebel, FAU Erlangen-Nuernberg will present her recent work via a ZOOM presentation.

Titel: On Electricity Market Equilibria with Storage: Modeling, Uniqueness, and a Distributed ADMM

 Abstract: This talk focuses on spot-market trading of electricity including storage operators as additional agents besides producers and consumers. Storage devices allow for shifting produced electricity from one time period to a later one. Due to this, multiple market equilibria may occur even if classical uniqueness assumptions for the case without storage systems are satisfied. For models containing storage operators, we derive sufficient conditions that ensure uniqueness of generation and demand. We also prove uniqueness of the market equilibrium for the special case of a single storage operator. Nevertheless, in case of multiple storage operators, uniqueness fails to hold in general, which we show by illustrative examples. We conclude the theoretical discussion with a general ex-post condition for proving the uniqueness of a given solution. In contrast to classical settings without storage systems, the computation of market equilibria is much more challenging since storage operations couple all trading events over time. For this reason, we propose a tailored parallel and distributed alternating direction method of multipliers (ADMM) for efficiently computing spot-market equilibria over long time horizons. We first analyze the parallel performance of the method itself. Finally, we show that the parallel ADMM clearly outperforms solving the respective problems directly and that it is capable of solving instances with more than 42 million variables in less than 13 minutes.

 

The ZOOM access link will be shared via email prior to the event.

Details

Date:
July 13
Time:
16:00 - 17:00
Event Category:

Organizer

RTG ALOP at Trier University
Phone:
0651-2013461
Email:
ALOP@uni-trier.de


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