This paper introduces a variable of methodology and models of solving Security-Constrained Price-Based Unit Commitment(SPUC) Problems in the Deregulated Power Market. The objective of SPUC is coordination between GENCOs and the ISO. GENCOs apply Price...
This paper introduces a variable of methodology and models of solving Security-Constrained Price-Based Unit Commitment(SPUC) Problems in the Deregulated Power Market. The objective of SPUC is coordination between GENCOs and the ISO. GENCOs apply Price-Based Unit Commitment(PBUC) without security constraints and submit capacity bids to the ISO for maximizing their revenues. Using generation data and transmission data obtained from TRANSCOs, the ISO applies Security-Constrained Unit Commitment(SCUC), executes congestion management and contingency analysis for minimizing line flow violations and the risk supplying loads. Considering analysis data, the ISO should adjust GENCOs' bid. In this paper, we presents the result of survey and analyze on the approach of the SPUC problem.