Minimizing Forced Outage Risk in Generator Bidding

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" Minimizing Forced Outage Risk in Generator Bidding "

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	150117
Doc. No	:	ET21909
Main Entry	:	Bruce F. Wollenberg, Advisor
Title Proper	:	Minimizing Forced Outage Risk in Generator Bidding
Note	:	This document is digital این مدرک بصورت الکترونیکی می باشد
Abstract	:	- --Competition in power markets has exposed the participating companies to physical andfinancial uncertainties. Generator companies bid to supply power in a day-ahead market. Oncetheir bids are accepted by the IS0 they are bound to supply power. A random outage afteracceptance of bids forces a generator to buy power from the expensive real-time hourly spotmarket and sell to the IS0 at the set day-ahead market clearing price, incurring losses. A riskmanagement technique is developed to assess this financial risk associated with forced outagesof generators and then minimize it.This work presents a risk assessment module which measures the financial risk of generatorsbidding in an open market for different bidding scenarios. The day-ahead power market auctionis modeled using a Unit Commitment algorithm,..tested for theQ1 PC1 bus cardBoth these projects mere sofixare des elopment efforts tonards contributing to dlfferentaspects of Roboucs and lZ1echatronics projects m the Controls and Roboucs Group..
Subject	:	Electericl tess
	:	برق
electronic file name	:	TL45101.pdf
Title and statement of responsibility and	:	Minimizing Forced Outage Risk in Generator Bidding [Thesis]