Title :
A power market paradigm for deregulated environment
Author :
Huang, Garng ; Zhao, Qing
Author_Institution :
Dept. of Electr. & Comput. Eng., Texas A&M Univ., College Station, TX, USA
Abstract :
In this paper, a new multi-objective formulation for deregulated power industries is proposed, in which the policies adopted by ISO are carefully studied based on the multi-objective analysis. Then, a price-based unit commitment method is formulated to match the bids and decide the generation schedule. The new power market paradigm promotes system security, and fair market competition
Keywords :
electricity supply industry; power generation economics; power generation scheduling; power system security; ISO policies; deregulated power industries; fair market competition; generation schedule; multi-objective analysis; multi-objective formulation; power market paradigm; power system security; price-based unit commitment method; Contracts; Electricity supply industry deregulation; Fuels; ISO; Power engineering computing; Power markets; Power system interconnection; Power system security; Pricing; Supply and demand;
Conference_Titel :
Power System Technology, 1998. Proceedings. POWERCON '98. 1998 International Conference on
Conference_Location :
Beijing
Print_ISBN :
0-7803-4754-4
DOI :
10.1109/ICPST.1998.729054
