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Power System Deregulation: Loss Sharing in Bilateral Contracts and Genterator Profit Maximization

Power System Deregulation: Loss Sharing in Bilateral Contracts and Genterator Profit Maximization

Paperback

Business General

ISBN10: 363904536X
ISBN13: 9783639045369
Publisher: Blues Kids Of Amer
Published: Jul 3 2008
Pages: 216
Weight: 0.65
Height: 0.46 Width: 6.00 Depth: 9.00
Language: English
Restructuring of electric power system started taking place at the end of the 20th century. Restructuring also required a change in the con-ventional perception of the electric power system as a natural mono-poly to a competitive open market system. The restructuring, widely known as deregulation, involves many technically complicated issues ranging from system planning and operation to commercial and mar-ket areas. The introduction of deregulation has, however, led to con-fusions in the areas of transmission network loss sharing and the responsibility of generation of reactive power. This book provides a load flow based loss allocation technique supported by mathematical proof. Each power producing entity ope-rates on the principle of profit maximization by optimizing its produc-tion cost of real power, reactive power and the spinning reserve mar-gin. A profit maximization model based on the forecasted market price of real power, reactive power and spinning reserve has been developed and presented in this book. The model would help a pro-ducer to decide the production levels of these three commodities in order to realize the maximum profit.

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Business General