Price Based Unit Commitment for Bidding Strategies in Turkish Market Under Unit and System Constraints

Ali Okuslug; Ali Nezih Guven; Osman Bulent Tor; Adela Bara; Simona V. Oprea

doi:10.1109/CIEM.2017.8120803

Price Based Unit Commitment for Bidding Strategies in Turkish Market Under Unit and System Constraints

Ali Okuslug
, Ali Nezih Guven
, Osman Bulent Tor
, Adela Bara
, Simona V. Oprea

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

2 Citations (Scopus)

Abstract

This study investigates price based unit commitment (PBUC) problem which is used to optimize generation schedules of companies in electricity markets. Solution algorithm proposed is based on Dynamic Programming (DP) and Lagrange Relaxation (LR) methods and solves the optimization problem for a generation company having many generating units with different cost characteristics. Unit constraints including; ramp-rate limits, minimum ON/OFF times, generation capacities of individual units, and spinning reserve requirements are taken into account in the problem formulation. Performance of the proposed algorithm is assessed through numerical analysis.

Original language	English
Title of host publication	Proceedings of 8th International Conference on Energy and Environment
Subtitle of host publication	Energy Saved Today is Asset for Future, CIEM 2017
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	59-63
Number of pages	5
ISBN (Electronic)	9781538639436
DOIs	https://doi.org/10.1109/CIEM.2017.8120803
Publication status	Published - 2017
Externally published	Yes
Event	8th International Conference on Energy and Environment, CIEM 2017 - Bucharest, Romania Duration: 19 Oct 2017 → 20 Oct 2017

Publication series

Name	Proceedings of 8th International Conference on Energy and Environment: Energy Saved Today is Asset for Future, CIEM 2017

Conference

Conference	8th International Conference on Energy and Environment, CIEM 2017
Country/Territory	Romania
City	Bucharest
Period	19/10/17 → 20/10/17

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Bidding Strategy
Price Based Unit Commitment
System Constraints
Unit Constraints

Access to Document

10.1109/CIEM.2017.8120803

Cite this

Okuslug, A., Guven, A. N., Tor, O. B., Bara, A., & Oprea, S. V. (2017). Price Based Unit Commitment for Bidding Strategies in Turkish Market Under Unit and System Constraints. In Proceedings of 8th International Conference on Energy and Environment: Energy Saved Today is Asset for Future, CIEM 2017 (pp. 59-63). Article 8120803 (Proceedings of 8th International Conference on Energy and Environment: Energy Saved Today is Asset for Future, CIEM 2017). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/CIEM.2017.8120803

Okuslug, Ali ; Guven, Ali Nezih ; Tor, Osman Bulent et al. / Price Based Unit Commitment for Bidding Strategies in Turkish Market Under Unit and System Constraints. Proceedings of 8th International Conference on Energy and Environment: Energy Saved Today is Asset for Future, CIEM 2017. Institute of Electrical and Electronics Engineers Inc., 2017. pp. 59-63 (Proceedings of 8th International Conference on Energy and Environment: Energy Saved Today is Asset for Future, CIEM 2017).

@inproceedings{964ccb39e51d409cbb8553c195bd2243,

title = "Price Based Unit Commitment for Bidding Strategies in Turkish Market Under Unit and System Constraints",

abstract = "This study investigates price based unit commitment (PBUC) problem which is used to optimize generation schedules of companies in electricity markets. Solution algorithm proposed is based on Dynamic Programming (DP) and Lagrange Relaxation (LR) methods and solves the optimization problem for a generation company having many generating units with different cost characteristics. Unit constraints including; ramp-rate limits, minimum ON/OFF times, generation capacities of individual units, and spinning reserve requirements are taken into account in the problem formulation. Performance of the proposed algorithm is assessed through numerical analysis.",

keywords = "Bidding Strategy, Price Based Unit Commitment, System Constraints, Unit Constraints",

author = "Ali Okuslug and Guven, \{Ali Nezih\} and Tor, \{Osman Bulent\} and Adela Bara and Oprea, \{Simona V.\}",

note = "Publisher Copyright: {\^A}{\textcopyright} 2017 IEEE.; 8th International Conference on Energy and Environment, CIEM 2017 ; Conference date: 19-10-2017 Through 20-10-2017",

year = "2017",

doi = "10.1109/CIEM.2017.8120803",

language = "English",

series = "Proceedings of 8th International Conference on Energy and Environment: Energy Saved Today is Asset for Future, CIEM 2017",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

pages = "59--63",

booktitle = "Proceedings of 8th International Conference on Energy and Environment",

address = "United States",

}

Okuslug, A, Guven, AN, Tor, OB, Bara, A & Oprea, SV 2017, Price Based Unit Commitment for Bidding Strategies in Turkish Market Under Unit and System Constraints. in Proceedings of 8th International Conference on Energy and Environment: Energy Saved Today is Asset for Future, CIEM 2017., 8120803, Proceedings of 8th International Conference on Energy and Environment: Energy Saved Today is Asset for Future, CIEM 2017, Institute of Electrical and Electronics Engineers Inc., pp. 59-63, 8th International Conference on Energy and Environment, CIEM 2017, Bucharest, Romania, 19/10/17. https://doi.org/10.1109/CIEM.2017.8120803

Price Based Unit Commitment for Bidding Strategies in Turkish Market Under Unit and System Constraints. / Okuslug, Ali; Guven, Ali Nezih; Tor, Osman Bulent et al.
Proceedings of 8th International Conference on Energy and Environment: Energy Saved Today is Asset for Future, CIEM 2017. Institute of Electrical and Electronics Engineers Inc., 2017. p. 59-63 8120803 (Proceedings of 8th International Conference on Energy and Environment: Energy Saved Today is Asset for Future, CIEM 2017).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Price Based Unit Commitment for Bidding Strategies in Turkish Market Under Unit and System Constraints

AU - Okuslug, Ali

AU - Guven, Ali Nezih

AU - Tor, Osman Bulent

AU - Bara, Adela

AU - Oprea, Simona V.

PY - 2017

Y1 - 2017

N2 - This study investigates price based unit commitment (PBUC) problem which is used to optimize generation schedules of companies in electricity markets. Solution algorithm proposed is based on Dynamic Programming (DP) and Lagrange Relaxation (LR) methods and solves the optimization problem for a generation company having many generating units with different cost characteristics. Unit constraints including; ramp-rate limits, minimum ON/OFF times, generation capacities of individual units, and spinning reserve requirements are taken into account in the problem formulation. Performance of the proposed algorithm is assessed through numerical analysis.

AB - This study investigates price based unit commitment (PBUC) problem which is used to optimize generation schedules of companies in electricity markets. Solution algorithm proposed is based on Dynamic Programming (DP) and Lagrange Relaxation (LR) methods and solves the optimization problem for a generation company having many generating units with different cost characteristics. Unit constraints including; ramp-rate limits, minimum ON/OFF times, generation capacities of individual units, and spinning reserve requirements are taken into account in the problem formulation. Performance of the proposed algorithm is assessed through numerical analysis.

KW - Bidding Strategy

KW - Price Based Unit Commitment

KW - System Constraints

KW - Unit Constraints

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BT - Proceedings of 8th International Conference on Energy and Environment

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ER -

Okuslug A, Guven AN, Tor OB, Bara A, Oprea SV. Price Based Unit Commitment for Bidding Strategies in Turkish Market Under Unit and System Constraints. In Proceedings of 8th International Conference on Energy and Environment: Energy Saved Today is Asset for Future, CIEM 2017. Institute of Electrical and Electronics Engineers Inc. 2017. p. 59-63. 8120803. (Proceedings of 8th International Conference on Energy and Environment: Energy Saved Today is Asset for Future, CIEM 2017). doi: 10.1109/CIEM.2017.8120803

Price Based Unit Commitment for Bidding Strategies in Turkish Market Under Unit and System Constraints

Abstract

Publication series

Conference

UN SDGs

Keywords

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