A power market paradigm for deregulated environment
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1998 IEEE. In this paper, a new multi-objective formulation for deregulated power industries is proposed, in which the policies adopted by ISO are carefully studied based on the multi-objective analysis. Then, a price-based unit commitment method is formulated to match the bids and decide the generation schedule. The new power market paradigm promotes system security, and fair market competition.
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POWERCON '98. 1998 International Conference on Power System Technology. Proceedings (Cat. No.98EX151)