Unit commitment with forward security constraint

Author

Liu, Jianwei ; Stoltzfus, Gregory ; Jennings, Brian

Author_Institution

ISO New England, Holyoke, MA

fYear

0

fDate

0-0 0

Abstract

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

Keywords

power generation economics; power generation scheduling; power markets; power system security; pricing; SMD; contingency analysis; daily-based severe security constraints; day ahead market; forward security constraint; market clearing; market pricing; standard market design; unit commitment; Cost function; Economic forecasting; Forward contracts; ISO standards; Power capacitors; Pricing; Security; Time factors; Contingency Analysis; Unit Commitment;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering Society General Meeting, 2006. IEEE

Conference_Location

Montreal, Que.

Print_ISBN

1-4244-0493-2

Type

conf

DOI

10.1109/PES.2006.1709588

Filename

1709588