Optimal solutions for the Venezuelan unit commitment hydrothermal system

• This work is about different optimal solutions for the unit commitment problem in the Venezuelan hydrothermal power system, disregarding the transmission system. The centralized cost-based maximum net social benefit solution, the oligopoly solution and the unregulated monopoly solution are formulated and analyzed. The oligopoly is studied via Nash-Cournot equilibrium, obtained iteratively considering both price-maker and price-taker firms. The price-demand curves are created using a price-demand elasticity parameter. The hydro plants can be of the run-of-river type or can have a regulation period, like in the case of Guri. In latter case the future profit is represented by a fixed volume of water to be turbined in the day ahead. Since integer variable are necessary to simulate the shut-down, start-up process a mixed integer commercial programming application is employed. © 2006 IEEE.

Subject headings

TEKNIK OCH TEKNOLOGIER  -- Elektroteknik och elektronik -- Annan elektroteknik och elektronik (hsv//swe)

ENGINEERING AND TECHNOLOGY  -- Electrical Engineering, Electronic Engineering, Information Engineering -- Other Electrical Engineering, Electronic Engineering, Information Engineering (hsv//eng)

Keyword

electrical market

non-linear mixed-integer programming

optimization

Unit commitment

Electric Power Engineering

Elkraftteknik

Publication and Content Type

ref (subject category)

kon (subject category)