System Maintenance:
There may be intermittent impact on performance while updates are in progress. We apologize for the inconvenience.
By Topic

Profit based unit commitment in competitive markets

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

4 Author(s)
Pokharel, B.K. ; Sch. of Electr. & Electron. Eng., Nanyang Technol. Univ., Singapore ; Shrestha, G.B. ; Lie, T.T. ; Fleten, S.-E.

The unit commitment of a thermal power producer is addressed which is based on the price behavior in the spot market. The classical unit commitment objective has been redefined to a profit-maximizing objective to match the competitive market. A new method using heuristic technique in coordination with dynamic programming and nonlinear programming has been proposed to solve the unit-scheduling problem. The proposed technique is first compared with the available techniques and is subsequently applied to the profit based unit commitment (PBUC) problem. The results are compared to evaluate the performance of the proposed technique and the implications of PBUC in the competitive market are discussed.

Published in:

Power System Technology, 2004. PowerCon 2004. 2004 International Conference on  (Volume:2 )

Date of Conference:

21-24 Nov. 2004