Unit commitment problem considering market transaction

R. Mikami, T. Shiina, K. Tokoro

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

In Japan, the electric power market has been fully deregulated since April 2016, and many Independent Power Producers have entered the electric power market. Companies participating in the market, conduct transactions between market participants to maximize their profits. When companies consider maximization of their profit, it is necessary to optimize operation of generators in consideration of market transactions. However, it is not easy to consider trading in the market because the market contains many complex and uncertain factors. Even now, the number of participating companies is increasing, and research on operation of generators in consideration of market transactions is an important field. In the power market, there are various markets such as a day-ahead market and an adjustment market, and various transactions are performed between market participants. In this study, we discuss the day-ahead market trading. In the day-ahead market, power prices and demands vary greatly depending on the trends in power sell and purchase bidding. It is necessary for business operators to set operational schedules that takes into account fluctuations in power prices and demand. We consider an optimization model of generator operation considering market transactions and apply stochastic programming to solve the problem. In addition, we show that scheduling based on the stochastic programming method is better than conventional deterministic planning.

Original languageEnglish
Title of host publicationProceedings - 2020 9th International Congress on Advanced Applied Informatics, IIAI-AAI 2020
EditorsTokuro Matsuo, Kunihiko Takamatsu, Yuichi Ono, Sachio Hirokawa
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages713-718
Number of pages6
ISBN (Electronic)9781728173979
DOIs
Publication statusPublished - 2020 Sep
Event9th International Congress on Advanced Applied Informatics, IIAI-AAI 2020 - Kitakyushu, Japan
Duration: 2020 Sep 12020 Sep 15

Publication series

NameProceedings - 2020 9th International Congress on Advanced Applied Informatics, IIAI-AAI 2020

Conference

Conference9th International Congress on Advanced Applied Informatics, IIAI-AAI 2020
Country/TerritoryJapan
CityKitakyushu
Period20/9/120/9/15

Keywords

  • Optimization
  • Stochastic programming

ASJC Scopus subject areas

  • Artificial Intelligence
  • Computer Science Applications
  • Computer Vision and Pattern Recognition
  • Information Systems
  • Information Systems and Management

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