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The utilization of renewable sources in power generation and system deregulation are two major changes the power system are undertaking. Different evaluation models are needed in order to incorporate renewable generation in the existing power system analysis. In deregulated power system, the impacts of renewable generation penetration are not only on the physical operation, but also on economic operation...
The introduction of deregulation in power systems has changed the conventional electricity price determination scheme. The prices are determined by the market participants under certain market operation rules. Increasing fuel cost of traditional generation units and the concern of environment pollution have led to the development of renewable energy generation. The intermittence and time restrict...
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