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Pattern of secure bilateral transactions ensuring power economic dispatch in hybrid electricity markets

Author

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  • Kumar, Ashwani
  • Gao, Wenzhong

Abstract

This paper proposes a new method for secure bilateral transactions determination ensuring economic power dispatch of the generators using new AC distribution factors for pool and bilateral coordinated markets. The new optimization problem considers simultaneous minimization of deviations from scheduled transactions and fuel cost of the generators in the network. The fuel cost has been obtained for hybrid market model and impact of different percentage of bilateral demand on fuel cost, generation share, and pattern of transactions has also been determined. The impact of optimally located unified power flow controller (UPFC) on the bilateral transactions, fuel cost and generation pattern has also been studied. The results have also been obtained for pool market model. The proposed technique has been applied on IEEE 24-bus reliability test system (RTS).

Suggested Citation

  • Kumar, Ashwani & Gao, Wenzhong, 2009. "Pattern of secure bilateral transactions ensuring power economic dispatch in hybrid electricity markets," Applied Energy, Elsevier, vol. 86(7-8), pages 1000-1010, July.
    • Handle: RePEc:eee:appene:v:86:y:2009:i:7-8:p:1000-1010
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    Cited by:

    1. Canizes, Bruno & Soares, João & Faria, Pedro & Vale, Zita, 2013. "Mixed integer non-linear programming and Artificial Neural Network based approach to ancillary services dispatch in competitive electricity markets," Applied Energy, Elsevier, vol. 108(C), pages 261-270.
    2. Al-Sumaiti, Ameena Saad & Salama, Magdy M.A. & El-Moursi, Mohamed, 2017. "Enabling electricity access in developing countries: A probabilistic weather driven house based approach," Applied Energy, Elsevier, vol. 191(C), pages 531-548.

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