Electric Power Systems

6

Price-Based Scheduling for Gencos

Govinda B. Shrestha

Songbo Qiao

6.1    Introduction

List of Symbols

6.2    Spot Price Modeling

Price Uncertainty • Statistical Distribution of Price

6.3    Generation Characteristics

Traditional Generator Cost Characteristics • Renewable Generation Characteristics

6.4    Price-Based (Profit-Based) Unit Commitment

PBUC Problem Formulation • Solution Methodology • Price-BasedSelf-Commitment Under PBUC

6.5    Price-Based Scheduling for Gencos

Stochastic Self-Scheduling Technique • Scheduling Based on Generator Cost Characteristics and Market PriceDynamics • Management of Price Uncertainty in Short-Term Generation Scheduling

6.6    Conclusions

Appendix A6.1: System Data and Results

References

6.1    Introduction ...