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Extremal Dependence In Australian Electricity Markets
The derivation of their bidding behavior and feasible regions is presented in more detail in Appendices A and B. We assume that the heat market is cleared each day before the electricity market is cleared, as is at present the
Extremal Dependence In Australian Electricity Markets
The global optimization is solved by concatenating and minimizing the product of the complementarity constraints subject to the remaining equality and inequality KKT optimality circumstances from the CVaR formulation, and the closed-type options obtained from the spot market equilibrium. Our