Determining Spot Price and Economic Dispatch in Deregulated Power Systems

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dc.contributor.authorÜrkmez, Abdullah
dc.contributor.authorÇetinkaya, Nurettin
dc.date.accessioned2020-03-26T17:47:51Z
dc.date.available2020-03-26T17:47:51Z
dc.date.issued2010
dc.departmentSelçuk Üniversitesien_US
dc.description.abstractThis paper presents a new formula for determining spot price and a new algorithm for economic dispatch in deregulated power systems. According to participant's biddings, an independent system operator (ISO) manages deregulated power systems (DPS) and decides transaction between participants. ISO aims to obtain minimum cost for entire power system. However each participant aims to work with minimum cost for only themselves. Each participant in DPS shares expensive operating and upkeep costs. Energy sources are used more efficient. Energy prices are determined according to the costs. The proposed algorithm considers price / power bids, generating / demand balance and generating units' constraints. The results are shown on the IEEE 30 bus standart test system.en_US
dc.identifier.citationÜrkmez, A., Çetinkaya, N., (2010). Determining Spot Price and Economic Dispatch in Deregulated Power Systems. Mathematical & Computational Applications, 15(1), 25-33.
dc.identifier.endpage33en_US
dc.identifier.issn1300-686Xen_US
dc.identifier.issue1en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage25en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12395/24779
dc.identifier.volume15en_US
dc.identifier.wosWOS:000276584100003en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakTR-Dizinen_US
dc.institutionauthorÜrkmez, Abdullah
dc.institutionauthorÇetinkaya, Nurettin
dc.language.isoenen_US
dc.publisherAssoc Sci Resen_US
dc.relation.ispartofMathematical & Computational Applicationsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.selcuk20240510_oaigen_US
dc.subjectDeregulated Power Systemsen_US
dc.subjectSpot Priceen_US
dc.subjectCost Minimizationen_US
dc.subjectEconomic Load Dispatchen_US
dc.titleDetermining Spot Price and Economic Dispatch in Deregulated Power Systemsen_US
dc.typeArticleen_US

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