Comparison of Power Scheduling Outcomes in Electricity Markets Conference Paper

abstract

• 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.

name of conference

• 2009 IEEE Power & Energy Society General Meeting

authors

• Begovic, Miroslav

published proceedings

• 2009 IEEE Power & Energy Society General Meeting

author list (cited authors)

• Nuchprayoon, S., & Begovi, M. M.

citation count

• 1

complete list of authors

• Nuchprayoon, Somboon||Begović, Miroslav M

publication date

• July 2009

publisher

• Institute of Electrical and Electronics Engineers (IEEE)  Publisher

published in

• IEEE Power and Energy Society General Meeting  Journal

keywords

• Costs
• Economic Principles
• Electricity Markets
• Electricity Supply Industry
• Environmental Economics
• Job Shop Scheduling
• Monte Carlo Methods
• Monte Carlo Simulation Nodal Pricing
• Monte Carlo Simulations
• Nodal Pricing
• PRICING
• Power Generation Economics
• Power Industry
• Power Markets
• Power Scheduling
• Power System Economics
• Power System Management
• Production
• Regulators
• Sensitivity Analysis

Digital Object Identifier (DOI)

• 10.1109/pes.2009.5275501

International Standard Book Number (ISBN) 13

• 9781424442416

start page

• 1

end page

• 6

URL

• http://dx.doi.org/10.1109/pes.2009.5275501