Security Constrained Unit Commitment and Economic Dispatch applied to the Modified IEEE 39-bus system Case

The operation schedule of the power generation units in electrical power systems is determined by the optimisation problem known as unit commitment (UC), aiming at minimising the total cost considering the generation constraints. To obtain a feasible solution from the network perspective, the security-constrained UC (SCUC) problem has been...

Security Constrained Unit Commitment and Economic Dispatch by AC Sensitivity Factors

The dispatch schedule of the electrical power plant units is the result of the solution to the unit commitment optimisation problem, and it minimises the cost of production considering pre-defined technical limits. The security-constrained unit commitment problem has been defined as including the network constraints in the previously mentioned...

Trading power instead of energy in day-ahead electricity markets

Day-ahead electricity markets are inefficient due to their coarse discretisation of time and their representation of electricity production and consumption in energy per time interval. This leads to excessive costs and infeasible schedules in the market clearing results. Some real-world systems have increased the resolution to improve accuracy,...