论文信息 - Comparison of power scheduling outcomes in electricity markets

Comparison of power scheduling outcomes in electricity markets

Power scheduling outcomes are observed through a comparison of three objective functions of power scheduling problem to reflect competition in electricity markets. Based on economic principles of nodal pricing, the optimal solutions of power scheduling problems are determined and analyzed. Sensitivity analysis and Monte Carlo simulations are employed to develop a framework for analyzing outcomes of power scheduling given that demand and cost data are private information.

Miroslav M. Begovic | Somboon Nuchprayoon | M. Begovic | S. Nuchprayoon

[1] F. Schweppe. Spot Pricing of Electricity , 1988 .

[2] Allen J. Wood,et al. Power Generation, Operation, and Control , 1984 .

[3] S. Oren,et al. Flow-Based Transmission Rights and Congestion Management , 2000 .

[4] Felix F. Wu,et al. Folk theorems on transmission access: Proofs and counterexamples , 1996 .

[5] William F. Tinney,et al. Optimal Power Flow Solutions , 1968 .

[6] Reuven Y. Rubinstein,et al. Simulation and the Monte Carlo Method , 1981 .

[7] W. Hogan. Contract networks for electric power transmission , 1992 .

[8] B. J. Cory,et al. Sample size reduction in Monte Carlo based use-of-system costing of power systems , 1991 .

[9] M. L. Baughman,et al. A Monte Carlo model for calculating spot market prices of electricity , 1992 .

[10] Richard Green. Electricity Transmission Pricing: How much does it cost to get it wrong? , 2004 .

[11] Stephen C. Peck,et al. A market mechanism for electric power transmission , 1996 .

[12] Felix F. Wu,et al. Nodal prices and transmission rights: A critical appraisal , 1995 .

[13] J. C. Bonbright. Principles of Public Utility Rates , 1961 .