Title :
Unit commitment with forward security constraint
Author :
Liu, Jianwei ; Stoltzfus, Gregory ; Jennings, Brian
Author_Institution :
ISO New England, Holyoke, MA
Abstract :
In today´s standard market design (SMD), the adequacy of unit commitment is vital to the market clearing and pricing for day ahead market. Unit commitment (UC) with forward security constraint in day ahead market are discussed. Along with the market inputs and generic constraints, daily-based severe security constraints can be forwarded into the UC process. These constraint sensitivities are obtained by contingency analysis and are selected based on market operation experience to adapt to the commercial UC tool. Implementation and practice with the forward security constraint unit commitment (FSCUC) are introduced. Benefits of FSCUC are addressed
Keywords :
power generation economics; power generation scheduling; power markets; power system security; pricing; SMD; contingency analysis; daily-based severe security constraints; day ahead market; forward security constraint; market clearing; market pricing; standard market design; unit commitment; Cost function; Economic forecasting; Forward contracts; ISO standards; Power capacitors; Pricing; Security; Time factors; Contingency Analysis; Unit Commitment;
Conference_Titel :
Power Engineering Society General Meeting, 2006. IEEE
Conference_Location :
Montreal, Que.
Print_ISBN :
1-4244-0493-2
DOI :
10.1109/PES.2006.1709588
