Comparison of power scheduling outcomes in electricity markets

Power scheduling outcomes are observed through a comparison of three objective functions of power scheduling problem to reflect competition in electricity markets. Based on economic principles of nodal pricing, the optimal solutions of power scheduling problems are determined and analyzed. Sensitivi...

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Main Authors: Somboon Nuchprayoon, Miroslav M. Begović
Format: Conference Proceeding
Published: 2018
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Online Access:https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=71849085559&origin=inward
http://cmuir.cmu.ac.th/jspui/handle/6653943832/49041
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Institution: Chiang Mai University
id th-cmuir.6653943832-49041
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spelling th-cmuir.6653943832-490412018-08-16T02:09:07Z Comparison of power scheduling outcomes in electricity markets Somboon Nuchprayoon Miroslav M. Begović Energy Engineering Power scheduling outcomes are observed through a comparison of three objective functions of power scheduling problem to reflect competition in electricity markets. Based on economic principles of nodal pricing, the optimal solutions of power scheduling problems are determined and analyzed. Sensitivity analysis and Monte Carlo simulations are employed to develop a framework for analyzing outcomes of power scheduling given that demand and cost data are private information. ©2009 IEEE. 2018-08-16T02:08:55Z 2018-08-16T02:08:55Z 2009-12-17 Conference Proceeding 2-s2.0-71849085559 10.1109/PES.2009.5275501 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=71849085559&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/49041
institution Chiang Mai University
building Chiang Mai University Library
country Thailand
collection CMU Intellectual Repository
topic Energy
Engineering
spellingShingle Energy
Engineering
Somboon Nuchprayoon
Miroslav M. Begović
Comparison of power scheduling outcomes in electricity markets
description Power scheduling outcomes are observed through a comparison of three objective functions of power scheduling problem to reflect competition in electricity markets. Based on economic principles of nodal pricing, the optimal solutions of power scheduling problems are determined and analyzed. Sensitivity analysis and Monte Carlo simulations are employed to develop a framework for analyzing outcomes of power scheduling given that demand and cost data are private information. ©2009 IEEE.
format Conference Proceeding
author Somboon Nuchprayoon
Miroslav M. Begović
author_facet Somboon Nuchprayoon
Miroslav M. Begović
author_sort Somboon Nuchprayoon
title Comparison of power scheduling outcomes in electricity markets
title_short Comparison of power scheduling outcomes in electricity markets
title_full Comparison of power scheduling outcomes in electricity markets
title_fullStr Comparison of power scheduling outcomes in electricity markets
title_full_unstemmed Comparison of power scheduling outcomes in electricity markets
title_sort comparison of power scheduling outcomes in electricity markets
publishDate 2018
url https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=71849085559&origin=inward
http://cmuir.cmu.ac.th/jspui/handle/6653943832/49041
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