• DocumentCode
    3633273
  • Title

    Comparison of power scheduling outcomes in electricity markets

  • Author

    Somboon Nuchprayoon;Miroslav M. Begovic

  • Author_Institution
    Electrical Engineering Department, Chiang Mai University, Chiang Mai, THAILAND
  • fYear
    2009
  • Firstpage
    1
  • Lastpage
    6
  • Abstract
    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.
  • Keywords
    "Electricity supply industry","Costs","Power generation economics","Job shop scheduling","Pricing","Environmental economics","Regulators","Power system economics","Power industry","Production"
  • Publisher
    ieee
  • Conference_Titel
    Power & Energy Society General Meeting, 2009. PES ´09. IEEE
  • ISSN
    1932-5517
  • Print_ISBN
    978-1-4244-4241-6
  • Type

    conf

  • DOI
    10.1109/PES.2009.5275501
  • Filename
    5275501
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=3633273