LINEAR PROGRAMMING APPROACH FOR RISK ASSESSMENT OF GENERATORS BIDDING IN A DAYAHEAD MARKET

Authors

  • Panigrahi, C.K. School of Electrical Engg., KIIT University, Bhubaneswar, Orissa, I Author
  • Prasad, U Department of Electrical Engineering, Jadavpur University, Bhubaneswar, Orissa, India Author
  • P.K. Chattopadhyay Department of Electrical Engineering, Jadavpur University, Bhubaneswar, Orissa, In Author

Keywords:

Day-ahead markets, Generator, Independent system operator, linear programming technique

Abstract

Competition in power markets exposes companies which participate to physical and financial uncertainties. Generator companies, bidding to supply power in day-ahead markets may face forced outages after bids are accepted by the system operator. When this happens they have to buy power from the real-time hourly spot market and sell to the independent system operator (ISO) at the set day-ahead market clearing price. This paper shows simulation result of random forced outage for generators by using linear programming technique.

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Published

24-10-2023

Issue

Vol. 1 No. 4 (2011)

Section

Review Paper(s)

License

Copyright (c) 2011 Panigrahi, C.K., Prasad, U and P.K.Chattopadhyay

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

How to Cite

LINEAR PROGRAMMING APPROACH FOR RISK ASSESSMENT OF GENERATORS BIDDING IN A DAYAHEAD MARKET. (2023). Global Journal of Engineering and Applied Sciences, 1(4), 39-42. https://rrjponline.com/journals/index.php/gjeas/article/view/263