This paper proposes security constrained economic power dispatch (SCED) of the generators in the presence of secure bilateral transactions for hybrid electricity markets. The proposed non-linear optimization problem considers simultaneous minimization of deviations from scheduled transactions and minimization of fuel cost of the generators. The impact of bilateral transactions on fuel costs of generators and generation pattern has also been studied. The proposed technique has been applied on IEEE 24-bus reliability test system (IRTS).
机构:
State Key Laboratory of Power Transmission Equipment & System Security and New Technology, Chongqing University, Shapingba District, ChongqingState Key Laboratory of Power Transmission Equipment & System Security and New Technology, Chongqing University, Shapingba District, Chongqing
Yang Z.
Ren Z.
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State Key Laboratory of Power Transmission Equipment & System Security and New Technology, Chongqing University, Shapingba District, ChongqingState Key Laboratory of Power Transmission Equipment & System Security and New Technology, Chongqing University, Shapingba District, Chongqing
Ren Z.
Sun Z.
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机构:
Electric Power Research Institute of Guangxi Power Grid Co., Ltd., Guangxi Zhuang Autonomous Region, NanningState Key Laboratory of Power Transmission Equipment & System Security and New Technology, Chongqing University, Shapingba District, Chongqing
Sun Z.
Liu M.
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机构:
Electric Power Research Institute of Guangxi Power Grid Co., Ltd., Guangxi Zhuang Autonomous Region, NanningState Key Laboratory of Power Transmission Equipment & System Security and New Technology, Chongqing University, Shapingba District, Chongqing
Liu M.
Jiang J.
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机构:
Department of Electrical and Computer Engineering, University of Western Ontario, London, N6A 5B9, ONState Key Laboratory of Power Transmission Equipment & System Security and New Technology, Chongqing University, Shapingba District, Chongqing
Jiang J.
Yin Y.
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机构:
College of Electrical Engineering, Sichuan University, Sichuan Province, ChengduState Key Laboratory of Power Transmission Equipment & System Security and New Technology, Chongqing University, Shapingba District, Chongqing