Traditional production cost simulation has not taken consideration of the influences of electricity market and the bidding strategies of generation companies. Thus, if it is used in a deregulated environment, the result would be far away from what it should be. Furthermore, it would probably cause risks to system operation in the future deregulated environment. Based on this analysis, we can come ...Show More
Reliability evaluation plays an important role in power system planning and operation. In electricity market, the uncertainties of market price and load forecasting will also greatly affect system reliability. This paper presents a novel model and algorithm for joint analysis of power system reliability and market price considering the uncertainties of load forecasts. After a process of reliabilit...Show More
The efficient generation scheduling is an important task to maintain the economy and security of modern power systems. A new monthly generation scheduling model based on multiple objectives optimization is proposed to provide a feasible initial schedule for daily scheduling so that generation resources can be optimized. The proposed model is aiming at the evenness of dispatching monthly energy in ...Show More
