| Title |
Unit Commitment of a GENCO Under the Competitive Environment Considering the Uncertainty of Market Prices |
| Keywords |
unit commitment ; electricity market ; price uncertainty ; genetic algorithm |
| Abstract |
In recent decades, many countries have introduced competition in the electricity industry. Now, unit commitment becomes not a problem to be solved by a monopoly company but the one to be tackled by each generation company(GENCO). Its aim has been altered from the global cost minimization to the each GENCO's profit maximization. In this paper, the author proposes the scheme of unit commitment of a GENCO to maximize profit considering the uncertainty of market clearing price. The type of the assumed market is a uniform price market. A genetic algorithm is used for the maximization of the profit. |