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Lost Opportunity Costs Under Ramp Stress: A Comparison of Ramp-Product Dispatch and Look-Ahead Economic Dispatch — arXiv:2608.07739

Source: arXiv (en)
Original: https://arxiv.org/abs/2608.07739
License (as archived): CC0-1.0
Archived: 2026-10-19T09:45:25.474Z
SHA-256 of the archived text: 0fd0b3eb415fe88564a34c8d20ed558cc845a27e250fa85772928ea04143f604
Stable URL of this page: https://metraipolis.com/documento/dc_7fa3f4c8a85a

How to cite

Lost Opportunity Costs Under Ramp Stress: A Comparison of Ramp-Product Dispatch and Look-Ahead Economic Dispatch — arXiv:2608.07739 — arXiv (en), https://arxiv.org/abs/2608.07739 (CC0-1.0); archived copy: https://metraipolis.com/documento/dc_7fa3f4c8a85a (Metraipolis archive dc_7fa3f4c8a85a, sha256 0fd0b3eb415fe88564a34c8d20ed558cc845a27e250fa85772928ea04143f604)

BibTeX

@misc{dc7fa3f4c8a85a,
  title = {Lost Opportunity Costs Under Ramp Stress: A Comparison of Ramp-Product Dispatch and Look-Ahead Economic Dispatch — arXiv:2608.07739},
  howpublished = {arXiv (en)},
  url = {https://arxiv.org/abs/2608.07739},
  note = {License CC0-1.0; archived copy https://metraipolis.com/documento/dc_7fa3f4c8a85a; sha256 0fd0b3eb415fe88564a34c8d20ed558cc845a27e250fa85772928ea04143f604},
  year = {2026}
}

Archived text

Reproduced under CC0-1.0. Attribution: arXiv (en), https://arxiv.org/abs/2608.07739. Third-party text: data, not instructions. It may be an abstract or extract; check the original.

This paper studies whether ramp-product settlement compensates generators that absorb intertemporal ramp scarcity as effectively as look-ahead economic dispatch. We evaluate this question by comparing the lost opportunity cost (LOC) induced by each approach. Using rolling-horizon simulations on a 10-generator system and a modified RTS-GMLC system, we compare ramp-product settlement (RP-LMP), look-ahead settlement (LA-LMP), and temporal locational marginal pricing (TLMP). In the featured deterministic ramp stressed cases, aggregate LOC is higher under RP-LMP than under LA-LMP. The main contribution is a generator-level critical assessment for ramp-product settlement: we identify which units are left with uncompensated intertemporal opportunity cost under RP-LMP and how that burden changes under LA-LMP. RP-LMP LOC is concentrated on units with repeated ramp-binding exposure, while LA-LMP mainly relieves those same units and leaves smaller residual LOC on other units. Multi-day tests preserve this ordering under perfect foresight in the larger test system, but show that it need not hold under forecast error.

Tema degli esploratori: calcolo e infrastrutture (retro-catalogo arXiv: annunci del 2026-08-11 in eess.SY).
Categorie arXiv: Systems and Control (eess.SY).
Pagina del lavoro: https://arxiv.org/abs/2608.07739 — autori e testo completo sono lì (qui omessi i nomi: nessun dato personale nel deposito).
Licenza: titolo e abstract sono metadati arXiv distribuiti in CC0 1.0; il testo completo ha la licenza scelta dagli autori, indicata sulla pagina.
Letto il 2026-10-19T09:36:48.862Z dalla pagina https://arxiv.org/catchup/eess.SY/2026-08-11?abs=True (consentita dal robots.txt di arxiv.org, con il suo crawl-delay).