Security constrained unit commitment pricing optimization using linear programming for electricity markets

• Main Authors: RISTANOVIC PETAR, BJELOGRLIC MILAN, PELJTO HASO
• Format: Patent
• Language: English
• Published: 16.09.2004
• Edition: 7
• Subjects: CALCULATING; CIRCUIT ARRANGEMENTS OR SYSTEMS FOR SUPPLYING OR DISTRIBUTINGELECTRIC POWER; COMPUTING; CONVERSION OR DISTRIBUTION OF ELECTRIC POWER; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; ELECTRICITY; GENERAL TAGGING OF CROSS-SECTIONAL TECHNOLOGIES SPANNING OVER SEVERAL SECTIONS OF THE IPC; GENERAL TAGGING OF NEW TECHNOLOGICAL DEVELOPMENTS; GENERATION; INFORMATION OR COMMUNICATION TECHNOLOGIES HAVING AN IMPACT ONOTHER TECHNOLOGY AREAS; PHYSICS; SYSTEMS FOR STORING ELECTRIC ENERGY; SYSTEMS INTEGRATING TECHNOLOGIES RELATED TO POWER NETWORKOPERATION, COMMUNICATION OR INFORMATION TECHNOLOGIES FORIMPROVING THE ELECTRICAL POWER GENERATION, TRANSMISSION,DISTRIBUTION, MANAGEMENT OR USAGE, i.e. SMART GRIDS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR; TECHNICAL SUBJECTS COVERED BY FORMER USPC CROSS-REFERENCE ART COLLECTIONS [XRACs] AND DIGESTS

The present invention is a method for optimizing security constrained unit commitment in the day ahead wholesale electricity market using mixed integer linear programming techniques. The wholesale electricity market uniquely requires the submission of offers to supply energy and ancillary services at stated prices, as well as bids to purchase energy, and known operating and security constraints. The present invention address the above noted needs by providing a SCUC engine to support and implement the requirements via a computer system implementation.