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Power system operating cost and committed generation capacity planning

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2 Author(s)
J. Nahman ; Fac. of Electr. Eng., Belgrade Univ., Serbia ; S. Bulatovic

A realistic simulation model is presented for the evaluation of generating units variable cost and the cost of undelivered energy, taking into account existing limitations and uncertainties. A criterion for committed capacity reserve planning is also suggested, aimed at minimizing the total power system operating cost. The model and the committed capacity reserve planning criterion are applied to the IEEE RTS, for demonstration purposes

Published in:

IEEE Transactions on Power Systems  (Volume:11 ,  Issue: 4 )