Market-based generator cost functions for power system test cases

Market-based generator cost functions for power system test cases

Post-restructuring, generators are dispatched using cleared offers in the day-ahead market in the cyber-physical power system. This study proposes a novel method to design generator cost functions to emulate existing market costs for power system test cases. Cost functions on existing test cases are...

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Bibliographic Details
Main Authors: Venkat Durvasulu, Timothy M. Hansen
Format: Article
Language:English
Published: Wiley 2018-12-01
Series:IET Cyber-Physical Systems
Subjects:
pricing
power generation economics
power markets
market-based generator cost functions
day-ahead market
cyber-physical power system
standard power system test cases
power system simulation studies
fuel-cost-based test cases
bus generation case
electricity market generator behaviour
load dispatching
day-ahead PJM marginal energy price
power 240.0 MW
power 95000.0 MW
Online Access:https://digital-library.theiet.org/content/journals/10.1049/iet-cps.2018.5046

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https://digital-library.theiet.org/content/journals/10.1049/iet-cps.2018.5046

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