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A method is developed to explore the potential links between an oligopolistic electricity market and a competitive emission permit market in which permits allocated to those highly efficient generation companies (units) with lower emissions could be traded to other companies with higher emissions. The well-developed Cournot non-cooperative game model is employed to describe the behavior of power producers,...
In the power industry deregulation era, an power supplier needs to optimal allocate its generation capacities for participating in different markets in order to maximize the return while control the risk of receiving the minimum profit below a certain level. This paper, based on a thorough analysis on the asset allocation problem of power suppliers, performs such an optimization using the proposed...
The employment of energy-saving dispatching could reduce energy consumption and pollution emissions. The State Development and Reform Commission of China issued the policy of energy-saving generation dispatching, and it is expected that this dispatching scheme will be implemented in China soon. In this dispatching scheme, the ranking of generation dispatching will be based on the energy consumption...
In the electricity market environment, it is very important for generation companies (GENCOs) to make the optimal mid-term generation operation planning (MTGOP) which includes the trading strategies in the spot market and the contract market as well as the suitable unit maintenance scheduling (UMS). In making the decision of MTGOP, GENCOs are subject to risk due to uncertain factors, and hence should...
Electricity prices exhibit highly volatile characteristics in many operating electricity spot markets around the globe, and hence different arrangements of maintenance scheduling of generating units for the generation companies concerned will have different financial impacts. In making the maintenance scheduling decision, the information or data utilized or based especially the electricity prices...
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