INFLUENCE OF PRICE FORECASTING ON SHORT-TERM THERMAL SCHEDULING WITH ENVIRONMENTAL CONCERNS

This paper proposes a practical approach to solve the short-term thermal scheduling (STTS) problem with environmental concerns. Under deregulation, minor changes in the energy price may give a significant change in the power generation of thermal units. Hence, the influence of price forecasting on STTS with environmental concerns is an important research issue, which is analysed in this paper considering different price profiles. This analysis is made in connection with a case study based on the standard IEEE 30-bus system.