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This paper is on the short-term thermal scheduling (STTS) problem, particularly concerning the new competitive and environmentally constrained electricity supply industry. On the one hand, within the electricity market, STTS has evolved from a minimum-cost policy in state-owned monopolistic companies to a profit-based policy under market conditions. On the other hand, as a consequence of growing environmental...
This work addresses a new framework for self-scheduling of a price-taker fuel and emission constrained power producer in a day-ahead market. The goal is determination of a trade-off between the expected profit and the risk when the power producer participates in day-ahead energy and spinning reserve markets. In this paper, a set of uncertainties including price forecasting uncertainty and available...
Under a market environments, there are a lot of uncertainties, such as fluctuation of power prices, shortage of fuel supply and rising of fuel prices, which make generators encounter serious profits loss risk. For stabilizing profits, it is necessary for generators to establish an efficient and optimal risk management technique mix. By adopting the real option, this paper establishes a real option...
The liberalization of the electricity sector has introduced competition at the generation level and gives incentives to new generating firms to attempt to enter the electricity market. However, due to the complexities related to the electrical energy trade, the newcomers should proceed only after careful decisions about their future plans and strategic actions. The following research shows that the...
Grid-connected photovoltaic (PV) power plants and distributed PV system installations are becoming a reality. The uptake of such technology is expected to accelerate during the next decade especially in regions such as Southern Europe due to the presence of high solar irradiance and the continuous pressure for the implementation of numerous renewable energy generation technologies. In the light of...
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