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In this paper, we define the portfolio of a generation company as the coordination of a set of generation units, which differ in production cost, capacity, and geographical location. A portfolio allows a generation company to coordinate its generators to bid strategically to earn profit more than what can be achieved without coordination. In a constrained transmission network, for example, a generation...
This is a summary of the presentation in the special session: “Digital Signal Processing for Green Power Systems and Delivery”. The power sectors in various countries have established competitive markets for an industry that, for decades, consists of utility companies that own and operate generation, transmission and distribution systems. The objective of deregulation in power industry is to enhance...
This paper describes a reduced model of the Alberta electric system developed to provide a platform for studying how variations in the market structure may impact system operation, electricity prices and long-term reliability of supply. As well, the model described in this paper provides a suitable platform for studying the potential impacts of large scale integration of wind generation on transmission...
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