NDLI: Optimal model of hour-ahead power bidding in deregulation

Content Provider	IEEE Xplore Digital Library
Author	Palit, Debashis Chakraborty, Niladri
Copyright Year	2014
Description	Author affiliation: Department of Power Engineering, Jadavpur University, Kolkata, India (Palit, Debashis; Chakraborty, Niladri)
Abstract	Power auctions in deregulated electricity market are carried out amongst a number of Generating companies (Genco) in day-ahead or hour-ahead basis. In hour-ahead electricity market each supplier bids power for hour-ahead basis & the market is cleared for each hour separately. The benefit of each supplier is optimized at maximum level in each hour separately & that satisfies electricity price at minimum level. In these case studies, three categories of daily load curve are considered as low, medium & high peak demand situations. In each case, hourly bidding price of three bidders are discreetly considered as low, medium & high bidding level. The bidding is interconnected with generation scheduling with consideration of power balance constraint, power generation limit & fuel cost constraints etc. for thermal generating units. Economic generation scheduling of generating companies at different hourly bidding situations at specified daily load curve have been computed using Newton-Raphson method for standard IEEE 9 bus test system. For optimization of the power bidding problem, theory of dominance of Game Theory has been applied for searching the optimal parameters. Those are hourly scheduled load & profits for the individual bidders, transmission loss & market selling price at which market is cleared at each hour separately. All graphical representation describes variation of optimal power scheduling & benefit profile of three bidders in respect with hourly load demand variation along with hourly variation of market price & transmission loss profile.
Starting Page	1
Ending Page	6
File Size	692456
Page Count	6
File Format	PDF
e-ISBN	9781479953646
DOI	10.1109/INDICON.2014.7030561
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2014-12-11
Publisher Place	India
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	ISO deregulation game theory Propagation losses Nash equilibrium Silicon Power markets Optimization economic dispatch electric energy market
Content Type	Text
Resource Type	Article

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