OPF-based Market clearing procedure using Bacterial Foraging Algorithm and auction-based Market clearing procedures in a pool based electricity market — A comparison

Author

Vani, S. ; Kopperundevi, R. ; Thilagavathi, T. ; Presath, R. Kabeel Arun ; Rajathy, R.

Author_Institution

Dept. of Electr. & Electron. Eng., Pondicherry Eng. Coll., Pondicherry, India

fYear

2012

fDate

1-2 March 2012

Firstpage

1

Lastpage

5

Abstract

This paper proposes an Optimal Power Flow (OPF) based Market clearing procedure using the Bacterial Foraging Optimization Algorithm (BFOA). A comparison is made between the proposed method and the auction-based method. The IEEE 30 bus system is taken for case study. It is found that the OPF method is more reliable for setting the price of electricity in a pool based electricity market compared to the auction-based method.

Keywords

load flow; optimisation; power markets; BFOA; IEEE 30 bus system; OPF-based Market clearing procedure; auction-based market clearing procedures; bacterial foraging optimization algorithm; optimal power flow; pool based electricity market; Electricity supply industry; Generators; Load flow; Mathematical model; Microorganisms; Optimization; Pricing; auction dispatch; bacterial foraging optimization algorithm; locational marginal price; market clearing price; pool-based electricity market;

fLanguage

English

Publisher

ieee

Conference_Titel

Electrical, Electronics and Computer Science (SCEECS), 2012 IEEE Students' Conference on

Conference_Location

Bhopal

Print_ISBN

978-1-4673-1516-6

Type

conf

DOI

10.1109/SCEECS.2012.6184846

Filename

6184846