• DocumentCode
    1358431
  • Title

    Financial Risk Evaluation in Stochastic PBUC

  • Author

    Wu, Lei ; Shahidehpour, Mohammad

  • Author_Institution
    Electr. & Comput. Eng. Dept., Illinois Inst. of Technol., Chicago, IL, USA
  • Volume
    24
  • Issue
    4
  • fYear
    2009
  • Firstpage
    1896
  • Lastpage
    1897
  • Abstract
    This letter is an extension of our previous price-based unit commitment (PBUC) work. This letter identifies a frontier relationship between payoff and risk. This letter also discusses the calculation of target value and risk using payoff-risk frontiers. Test results show a trade-off between risk minimization and payoff maximization for power generation utilities.
  • Keywords
    electricity supply industry; financial management; power generation dispatch; power generation economics; power generation scheduling; pricing; risk analysis; stochastic processes; financial risk evaluation; power generation utility; price-based unit commitment; stochastic PBUC; Mixed-integer programming (MIP); risk; stochastic unit commitment;
  • fLanguage
    English
  • Journal_Title
    Power Systems, IEEE Transactions on
  • Publisher
    ieee
  • ISSN
    0885-8950
  • Type

    jour

  • DOI
    10.1109/TPWRS.2009.2030260
  • Filename
    5226553
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=1358431