ENGLISH

Price-Based Commitment Decisions in the Electricity Market

By Dr. Eric Allen , Dr. Marija Ilić (auth.)

Book information

Publisher
Springer-Verlag London
Year
1999
ISBN
978-1-4471-1162-7, 978-1-4471-0571-8
DOI
10.1007/978-1-4471-0571-8
Language
english
Format
PDF
Filesize
11 MB (11828808 bytes)
Series
Advances in Industrial Control
Edition
1
Pages
242\252
Orientation
yes
Scanned
yes
Time added
2013-08-01 04:00:00
Control; Energy Economics

Description

The series Advances in Industrial Control aims to report and encourage technology transfer in control engineering. The rapid development of control technology impacts all areas of the control discipline. New theory, new controllers, actuators, sensors, new industrial processes, computer methods, new applications, new philosophies . . . , new challenges. Much of this development work resides in industrial reports, feasibility study papers and the reports of advanced collaborative projects. The series offers an opportunity for researchers to present an extended exposition of such new work in all aspects of industrial control for wider and rapid dissemination. Deregulation of electricity markets is a worldwide activity with leading and distinctive developments occurring in the European and US markets. The immediate impact of these changes is felt in the higher levels of the power production hierarchy where tools to aid short-term economic decision making are needed. At the lower levels of the production control hierarchy the impact is to demand much more flexible unit operation so that the determined short-term goals can be met. Allen and Illic have produced this useful monograph on the decision algorithms needed to determine unit commitment proflles over the shorter time frame of hours and days. The method of dynamic programming has been used and the work covers modelling, cost function and construction, an introduction to dynamic programming and a detailed assessment of its use. The monograph comes complete with programs in Appendix D and with other appendices giving the necessary supporting theory.

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