Hello Matpower community,
I am working with joint optimization of the energy and reserve markets. The energy market is based in marginal cost, and the reserve market is "pays as bid". When I simulated a case with scarcity generating power, the all capacity of power units are dispatched for energy and reserves. In this case, the nodal price reflect of multipliers of the power unit capacity constraints, i.e. the price is modified with regard to the reserves constraints. How can I formed the energy price independently of reserves price. ? Best regards, Santiago
