TY - GEN
T1 - Price based resource scheduling with renewable energy in emission constrained market structure
AU - Reddy, K. Srikanth
AU - Panigrahi, B. K.
AU - Panwar, Lokesh Kumar
AU - Kumar, Rajesh
N1 - Publisher Copyright:
© 2016 IEEE.
PY - 2016/8/16
Y1 - 2016/8/16
N2 - The deregulation and introduction of green technologies are the two key developments took place in electricity sector during the last decade. These developments have brought in several features into the system and increased complexity of system at planning ans well as operation level of power system. This paper deals with one of the key procedure of power system operation i.e., resource scheduling. In this paper, multi-objective aspects of resource scheduling in deregulated environment are examined treating both conventional and renewable energy sources as identical entities as per the market participation is concerned. The scheduling problem is formulated as a multi-objective problem with both economic as well as environmental aspects. The network and conventional/thermal generator constraints are remodelled pertaining to the market participation of renewable energy sources. Also, different scheduling scenarios are generated for analyzing the variation of different system and market parameters. The simulation results confirms the influence of weight factors or the importance assigned to objectives while the same have also affected the network parameters like scheduled renewable energy, reserve offer to market. Therefore, the proposed methodology can help in generation company/ independent system operator (ISO) in the selection of particular scheduling scenario pertaining to imposed compliances on emissions/renewable energy deployment obligations.
AB - The deregulation and introduction of green technologies are the two key developments took place in electricity sector during the last decade. These developments have brought in several features into the system and increased complexity of system at planning ans well as operation level of power system. This paper deals with one of the key procedure of power system operation i.e., resource scheduling. In this paper, multi-objective aspects of resource scheduling in deregulated environment are examined treating both conventional and renewable energy sources as identical entities as per the market participation is concerned. The scheduling problem is formulated as a multi-objective problem with both economic as well as environmental aspects. The network and conventional/thermal generator constraints are remodelled pertaining to the market participation of renewable energy sources. Also, different scheduling scenarios are generated for analyzing the variation of different system and market parameters. The simulation results confirms the influence of weight factors or the importance assigned to objectives while the same have also affected the network parameters like scheduled renewable energy, reserve offer to market. Therefore, the proposed methodology can help in generation company/ independent system operator (ISO) in the selection of particular scheduling scenario pertaining to imposed compliances on emissions/renewable energy deployment obligations.
KW - Emission constraints
KW - Generation company (GENCO)
KW - Independent system operator (ISO)
KW - Pareto optimality
KW - Price based resource scheduling
KW - Unit commitment (UC)
UR - http://www.scopus.com/inward/record.url?scp=84987648051&partnerID=8YFLogxK
U2 - 10.1109/CICT.2016.79
DO - 10.1109/CICT.2016.79
M3 - Conference contribution
AN - SCOPUS:84987648051
T3 - Proceedings - 2016 2nd International Conference on Computational Intelligence and Communication Technology, CICT 2016
SP - 372
EP - 377
BT - Proceedings - 2016 2nd International Conference on Computational Intelligence and Communication Technology, CICT 2016
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 2nd International Conference on Computational Intelligence and Communication Technology, CICT 2016
Y2 - 12 February 2016 through 13 February 2016
ER -
