Price-Based Commitment Decisions in the Electricity Market
The series Advances in Industrial Control aims to report and encourage technology transfer in control engineering. The rapid development of control technology impacts all areas of the control discipline. New theory, new controllers, actuators, sensors, new industrial processes, computer methods, new...
| Main Authors: | , |
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| Format: | eBook |
| Language: | English |
| Published: |
London
Springer London
1999, 1999
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| Edition: | 1st ed. 1999 |
| Series: | Advances in Industrial Control
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| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- A.1 Exponential of a Normally Distributed Variable
- A.2 Nonlinear Least Squares Regression
- A.3 Recursive Least Squares Algorithm
- B Results of Regression of Load vs. Temperature
- B.1 Regression on Same Day High Temperature
- B.2 Regression using Previous Day’s High Temperature
- C Derivation of Formulas for Truncated Random Variables
- C.1 Truncated Normal Distributions
- C.2 Truncated Lognormal Distributions
- D Software for Unit Commitment
- D.1 Dynamic Programming Software
- D.2 Ordinal Optimization Software
- D.3 Reserve and Congestion DP Software
- D.4 Source Code for uci2. c
- D.5 Source Code for ucool. c
- D.6 Source Code for uci2rs. c
- D.7 Source Code for uci2con. c
- D.8 Source Code for ucerr.h
- D.9 Source Code for ucerroo. h
- E Stochastic Unit Commitment in a Regulated Industry
- E.1 Unit Commitment with a Finite Horizon
- E.2 Solution of Optimal Power Flow
- E.2.1 Uncongested, Lossless Optimal Power Flow without Generation Limits
- 6.5 Effects of Variance of Load Estimation
- 7 Computational Complexity of Unit Commitment
- 7.1 Dynamic Programming Algorithm
- 7.2 Heuristic Simplifications
- 7.3 Ordinal Optimization
- 7.4 Example
- 8 Forward Contracts and Futures
- 8.1 Forward Contracts
- 8.2 Producer Profits with Forward Contracts
- 8.3 Forward Contract Strategies
- 8.4 Temporal Forward Contract Problem
- 9 Reserve Markets for Power System Reliability
- 9.1 General Form of a Reserve Market
- 9.2 Individual Power Producer Strategies for Selling Reserve
- 9.3 Provision of Reserve for Transactions
- 9.4 Effect of Reserve Market on Unit Commitment
- 9.5 Example
- 10 Unit Commitment in Congested Transmission Systems
- 10.1 Probabilistic Model of Congestion
- 10.2 Producer Strategy under Congestion
- 10.3 Example
- 10.4 Solution of Unit Commitment under Congestion and Reserve
- 11 Conclusions
- A Calculation of Parameters for Price Processes
- 1 Introduction
- 2 The Unit Commitment Problem
- 2.1 Unit Commitment in a Regulated Industry
- 2.2 Present Unit Commitment Solution Methods
- 2.3 Interruptible Service Contracts
- 3 Unit Commitment in a Deregulated Environment
- 3.1 Possible Formats for the Electricity Market
- 3.2 Unit Commitment for an Individual Supplier
- 3.3 Multiple Generation
- 3.4 Secondary Market for Reliability
- 3.5 Other Issues
- 4 Survey of the Dynamic Programming Formulation
- 4.1 Finite Horizon Problems
- 4.2 Infinite Horizon Problems with a Discount Factor
- 4.3 Stochastic Shortest Path Problems
- 4.4 Average Cost per Stage Problems
- 5 Unit Commitment for an Individual Power Producer
- 5.1 Unit Commitment without Generation Limits
- 5.2 Unit Commitment with Generation Limits
- 6 Price Process of Electricity
- 6.1 Price Process Models
- 6.2 Correlation of Price with Load
- 6.3 Correlation of Load with Date
- 6.4 Correlation of Load with Temperature
- E.3 Expected Value of the Generation Cost
- E.3.1 Expected Cost over Load Power
- E.3.2 Expected Cost over Generation Failures