Optimization of energy and reserve in a centralized electricity market: article

Che Amat, Md Fareez Nazree (2013) Optimization of energy and reserve in a centralized electricity market: article. pp. 1-6.

Abstract

The objective of this project is to develop a programming model to minimize the overall cost of providing electrical and reserve in a centralized electrical market. The model is used to calculate the power produced and ancillary provided by different generators, then to find the price for energy and ancillary service considering that the energy and reserve market is co-optimized. Using the prices, the revenue, the cost and the profit of each of the generating unit are calculated. It is important to the system operator to determine the minimum cost through a cost benefit analysis in order to determine the optimum amount of services purchased to what is truly necessary to maintain the security

Item Details

Item Type:	Article
Creators:	Creators Email / ID Num. Che Amat, Md Fareez Nazree UNSPECIFIED
Subjects:	T Technology > TK Electrical engineering. Electronics. Nuclear engineering T Technology > TK Electrical engineering. Electronics. Nuclear engineering > Applications of electric power
Divisions:	Universiti Teknologi MARA, Shah Alam > Faculty of Electrical Engineering
Page Range:	pp. 1-6
Keywords:	Co-optimization, Electricity market, Reserve allocation
Date:	July 2013
URI:	https://ir.uitm.edu.my/id/eprint/149471

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