New approach with muller method for profit based unit commitment

This paper presents a new approach with Muller method for solving profit based unit commitment (PBUC). In deregulated environment, the generation companies (GENCOs) schedule their generators to maximize their profit rather than satisfying the power demand. While solving the PBUC problem, the information of forecasted price at the given predicted power demand is known. The PBUC problem is solved by the proposed approach in two stages. Initially, committed units table obtains information of the committed units and finally the non linear programming sub problem of economic dispatch is solved by Muller method. The proposed approach has been tested on a power system with 3 and 10 generating units. Simulation results of the proposed approach have been compared with existing methods and also with the traditional unit commitment. It is observed from the simulation results that the proposed algorithm provides maximum profit with less computational time compare to existing methods.