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Smart distribution grids will be a combination of existing electrical networks controlled by distributed software applications communicating via communication networks. This means that not only the reliability of individual technologies are crucial, but the interoperability is also pivotal for the robustness of the smart distribution network. These individual research areas (electrical network, distributed...
The paper describes a risk constraint profit maximization model of a generator participating in day a-head electricity market under Availability Based Tariff regime (ABT) for Indian market. The Unscheduled Interchange (UI) mechanism introduced to control frequency deviation, thereby maintaining the security of the system in real time. The model described here considers the stochastic behavior of load...
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