Price-Based Commitment Decisions in the Electricity Market

ISBN-13: 9781852330699 / Angielski / Twarda / 1998 / 242 str.

Eric Allen; Rick Lindberg; Marty Brenner

Opis

With major structural changes will need to be thoroughly reexamined. This book discusses decision making for problems where a particular decision affects the options available at the next decision time. The deregulation of the electric utility industry will shift the emphasis from a cost-based to a price-based approach; the resulting occuring in the electric power industry, many long-standing ways of operation increase in uncertainty requires that a stochastic approach be adopted for optimal decision-making. This monograph covers a wide range of topics including dynamic programming, ordinal optimization, price modelling and forecasting, future market decisions, reserve market decisions and decisions in a congested market place.

Spis treści

Introduction.- The Unit Commitment Problem.- Unit Commitment in a Deregulated Environment.- Survey of the Dynamic Programming Formulation.- Unit Commitment for an Individual Power Producer.- Price Process of Electricity.- Computational Complexity of Unit Commitment.- Forward Contracts and Futures.- Reserve Markets for Power System Reliability.- Unit Commitment in Congested Transmission Systems.