2008
DOI: 10.1109/tpwrs.2007.913304
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Multi-Area Power Generation Dispatch in Competitive Markets

Abstract: In competitive electric energy markets, the power generation dispatch optimization is one of the most important missions among generation companies-how to respond to the markets, dispatch their units, and maximize profits. This paper proposes an approach to incorporate power contracts, which include call and put options, forward contracts, and reliability must-run contracts, into multi-area unit commitment and economic dispatch solutions. The proposed solution algorithm is based on adaptive Lagrangian relaxati… Show more

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Cited by 42 publications
(26 citation statements)
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“…Power balance The balance between the power production and the power demand for the m th area and for the whole system is given by Equation (8), (8) can be written as follows: The proposed method is based on classical Lagrange's optimisation [28]- [31]. The literature review found that the classical Lagrange's method has been used till now only for sequential solution of the MACEED problem in [5], [8], [13]- [18], and [20]. The Lagranges method is introduced in early 1972 for the power system spinning reserve determination in a multi system configuration [32], an interim multi-area economic dispatch [33], and two area power systems economic dispatch problem in [34].…”
Section: Type One: Operational Costmentioning
confidence: 99%
“…Power balance The balance between the power production and the power demand for the m th area and for the whole system is given by Equation (8), (8) can be written as follows: The proposed method is based on classical Lagrange's optimisation [28]- [31]. The literature review found that the classical Lagrange's method has been used till now only for sequential solution of the MACEED problem in [5], [8], [13]- [18], and [20]. The Lagranges method is introduced in early 1972 for the power system spinning reserve determination in a multi system configuration [32], an interim multi-area economic dispatch [33], and two area power systems economic dispatch problem in [34].…”
Section: Type One: Operational Costmentioning
confidence: 99%
“…Nonetheless, several papers based on deterministic approach have been reported in the literature [23]- [25] and [26] to solve spinning reserve scheduling problem in a MAPS.…”
Section: B Literature Review and Contributionmentioning
confidence: 99%
“…The objective of a multiarea generation scheduling problem is to coordinate area generations in order to minimize the operation cost [11][12][13][14]. The constraints are composed of the system power balance, spinning reserve requirements in every area, unit upper/ lower generation limits, unit minimum up/down times, tie line limitations and so on.…”
Section: Multi-area Unit -Commitment With Bilateral Contractmentioning
confidence: 99%