NDLI: Power portfolio optimization considering inter-regional power exchange and base load exchange

Content Provider	IEEE Xplore Digital Library
Author	Jiajun Lv Zhaohong Bie Hachen, F. Bike Xue Yaxian Zheng Jian Geng
Copyright Year	2015
Description	Author affiliation: Sch. of Electr. Eng., Xi'an Jiaotong Univ., Xi'an, China (Jiajun Lv; Zhaohong Bie; Hachen, F.) \|\| Power Syst. Autom. Dept., China Electr. Power Res. Inst., Nanjing, China (Bike Xue; Yaxian Zheng; Jian Geng)
Abstract	The power exchange strategies are essential for a grid corporation, because they are related to the profit redistribution. In the power exchange strategies, the base load exchange and the inter-regional power exchange are the main parts. The base load exchange is a typical task for a power grid corporation. And the inter-regional power exchange plays a significant role in the exchange strategy in order to meet the requirements of the regional resources optimization. Although much research has been done on the base load exchange and the inter-regional power exchange, the exchange strategy optimization concerning both inter-regional power and base load exchange hasn't been taken into account. The concept of the portfolio is used to consider the distribution of these two exchanges for a grid corporation. The objective of this paper is to determine a comprehensive strategy for the inter-regional power exchange and the base load exchange based on the grid corporation requirements. The optimization strategy model includes a multi-objective function as well as special constraints which take into account both the inter-regional power and the base load exchange. This model has been tested on the IEEE Reliability Test System. The results show that the energy of the special units taking part in the inter-regional power exchange is modulated during the optimization according to the targets and this model could be used to provide an optimal exchange strategy for the decision-makers of a grid corporation.
Starting Page	1
Ending Page	6
File Size	342405
Page Count	6
File Format	PDF
ISBN	9781479986392
ISSN	21593450
e-ISBN	9781479986415
DOI	10.1109/TENCON.2015.7372767
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2015-11-01
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Power markets Optimization Load modeling Portfolios Contracts Linear programming Power generation inter-regional power exchange exchange strategy optimization power portfolio base load exchange
Content Type	Text
Resource Type	Article
Subject	Electrical and Electronic Engineering Computer Science Applications

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