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Risk-constrained self-scheduling of a thermal power producer
- Source :
- IEEE Transactions on Power Systems. August, 2004, Vol. 19 Issue 3, p1569, 6 p.
- Publication Year :
- 2004
-
Abstract
- This paper addresses the self-scheduling problem of a price-taker power producer. It focuses on risk modeling, emphasizing the tradeoff existing between maximum profit and minimum risk. The paper analyzes a self-scheduling model that considers simultaneously profit and risk. This model is formulated as a mixed-integer quadratic programming problem, which is solved using commercially available software. Relevant results from a realistic case study are discussed. Index Terms--Pool-based electricity market, price-taker power producer, profit versus risk tradeoff, risk-constrained self-scheduling.
Details
- Language :
- English
- ISSN :
- 08858950
- Volume :
- 19
- Issue :
- 3
- Database :
- Gale General OneFile
- Journal :
- IEEE Transactions on Power Systems
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.121076264