Price Based Unit Commitment for Bidding Strategies in Turkish Market Under Unit and System Constraints

Date

2017-10-20

Author

OKUŞLUĞ, Ali
Güven, Ali Nezih
Tor, Osman Bulent
BARA, Adela
Oprea, Simona V.

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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This study investigates price based unit commitment (PBUC) problem which is used to optimize generation schedules of companies in electricity markets. Solution algorithm proposed is based on Dynamic Programming (DP) and Lagrange Relaxation (LR) methods and solves the optimization problem for a generation company having many generating units with different cost characteristics. Unit constraints including; ramp-rate limits, minimum ON/OFF times, generation capacities of individual units, and spinning reserve requirements are taken into account in the problem formulation. Performance of the proposed algorithm is assessed through numerical analysis.

Subject Keywords

Price based unit commitment, Bidding strategy, Unit constraints, System constraints

URI

https://hdl.handle.net/11511/52996

Conference Name

8th International Conference on ENERGY and ENVIRONMENT (CIEM)

Collections

Department of Electrical and Electronics Engineering, Conference / Seminar

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Citation Formats

A. OKUŞLUĞ, A. N. Güven, O. B. Tor, A. BARA, and S. V. Oprea, “Price Based Unit Commitment for Bidding Strategies in Turkish Market Under Unit and System Constraints,” presented at the 8th International Conference on ENERGY and ENVIRONMENT (CIEM), Bucharest, ROMANIA, 2017, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/52996.