New approach with Muller method for Solving 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. The PBUC problem is solved by the proposed approach in two stages. Initially, the information of committed units is obtained by a simple approach and finally 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 traditional unit commitment. It is observed from the simulation results that the proposed algorithm provides maximum profit with less computational time compared to existing methods.