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Abstract
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Article Information:
Joint Operation of Several Types of Power Plants to Increasing Net Profit in Deregulated Power Market
S. Sajedi, F. Khalifeh and Z. Khalifeh
Corresponding Author: S. Sajedi
Submitted: 2011 September, 14
Accepted: 2011 October, 10
Published: 2012 March, 01 |
Abstract:
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This study proposes joint operation of power plant and electric energy storage plant in order to
maximizing overall profit in a restructured electricity market. The goal is investigating the coupling efficiency
on profit increment considering various intensities of power plant’s fuel constraint. In order to reach this goal,
the amount of overall profits of fuel-constrained power plant, battery plant and their coupling are first calculated
in a specific time interval. Then, the coupling efficiency is determined using incremental profit rate. Having
an appropriate strategy to calculate this parameter is essential. Hence, a comprehensive approach to selfschedule
of individual and coupled plants is developed. This comprehensive self-scheduling approach is
therefore formulated and solved as a Mixed Integer Non-linear Programming (MINLP) problem. Numerical
results for a case study are discussed.
Key words: Battery plant, day-ahead market, power plant, self-scheduling problem, , ,
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Cite this Reference:
S. Sajedi, F. Khalifeh and Z. Khalifeh, . Joint Operation of Several Types of Power Plants to Increasing Net Profit in Deregulated Power Market. Research Journal of Applied Sciences, Engineering and Technology, (05): 422-427.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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