Open Access Peer-reviewed

Price Based Unit Commitment Considering Fuzzy Uncertainty

Reza Khorramnia1,, Soroush Karimi Khorrami1

1Department of Electrical Engineering, Safashahr Branch, Islamic Azad University, Safashahr, Iran

American Journal of Electrical and Electronic Engineering. 2013, 1(1), 10-14. DOI: 10.12691/ajeee-1-1-2
Published online: August 25, 2017

Abstract

In deregulated systems, bidding plays an important role for Gencos participating with the objective of maximizing profit. While making bidding strategies, factors like unit constraint and price uncertainty need to be considered as they have direct impact on the expected profit. The goal of the partnership units of solution is based on the price. By solving this problem, the generation company to determine the optimal generation schedule and unit status hourly. MCP plays an important role in the profitability of the units. In this paper, a novel approach to solving an optimal bid curve underprice uncertainty using PBUC in PAB markets is presented. Numerical results show the suitability of the method on a sample market.

Keywords:

price based unit commitment, market clearing price, fuzzy uncertainty, pay as bid, Generation Company
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