Unit commitment with forward security constraint

Unit commitment with forward security constraint

In today's standard market design (SMD), the adequacy of unit commitment is vital to the market clearing and pricing for day ahead market. Unit commitment (UC) with forward security constraint in day ahead market are discussed. Along with the market inputs and generic constraints, daily-based s...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: Jianwei Liu, Stoltzfus, G., Jennings, B.
Format: Tagungsbericht
Sprache:eng
Schlagworte:
Contingency Analysis
Cost function
Economic forecasting
Forward contracts
ISO standards
Power capacitors
Pricing
Security
Time factors
Unit Commitment
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Beschreibung
Zusammenfassung:In today's standard market design (SMD), the adequacy of unit commitment is vital to the market clearing and pricing for day ahead market. Unit commitment (UC) with forward security constraint in day ahead market are discussed. Along with the market inputs and generic constraints, daily-based severe security constraints can be forwarded into the UC process. These constraint sensitivities are obtained by contingency analysis and are selected based on market operation experience to adapt to the commercial UC tool. Implementation and practice with the forward security constraint unit commitment (FSCUC) are introduced. Benefits of FSCUC are addressed
ISSN:1932-5517
DOI:10.1109/PES.2006.1709588