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| Content Provider | IET Digital Library |
|---|---|
| Author | Soroudi, Alireza Rabiee, Abbas |
| Abstract | One of the key role players in deregulated electricity markets is a retailer. This study proposes a multi-area dynamic economic dispatch (MA-DED) model for a retailer, taking into account hydrothermal generating units, wind power generation and power pool market, to supply the overall demand of the system for a given horizon. The uncertainties in wind power generations, energy prices and demand of the system are also modelled to make the proposed approach more practical in case of real-time operation of practical power systems. Scenario-based approach is adopted for uncertainty modelling. In order to make the proposed MA-DED applicable in real-time operation of power systems, optimality condition decomposition (OCD) technique is employed along with parallel computation ability. The proposed approach is examined on two interconnected power networks, to demonstrate its applicability for real-time scheduling of joint thermal and undispatchable renewable energy resources. DED, multi-area, OCD, real-time, uncertainty modelling, scenario-based approach. |
| Starting Page | 1011 |
| Ending Page | 1026 |
| Page Count | 16 |
| ISSN | 17518687 |
| Volume Number | 7 |
| e-ISSN | 17518695 |
| Issue Number | Issue 9, Sep (2013) |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/iet-gtd/7/9 |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2012.0735 |
| Journal | IET Generation, Transmission & Distribution |
| Access Restriction | Open |
| Rights Holder | © The Institution of Engineering and Technology |
| Subject Keyword | Decomposition Deregulated Electricity Market Energy Pricing Energy ReSource Hydroelectric Power Stations And Plant Hydrothermal Generating Unit Hydrothermal Power System MA-DED Multiarea Dynamic Economic Dispatch Model OCD Optimal Multiarea Generation Scheduling Optimality Condition Decomposition Technique Parallel Computation Ability Power Generation Dispatch Power Generation Economics Power Generation Scheduling Power Market Power Network Interconnection Power Pool Market Power System Economics Power System Interconnection Power System Managemen Power System Operation Power System Simulation Pricing Renewable Energy Source Retailer Retailing Scenario-based Approach Thermal Power Stations And Plant Uncertainty Modelling Undispatchable Renewable Energy Resource Wind Power Generation Wind Power Plant |
| Content Type | Text |
| Resource Type | Article |
| Subject | Control and Systems Engineering Energy Engineering and Power Technology Electrical and Electronic Engineering |
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