Abstract
Competitive bidding for energy and ancillary services is increasingly recognized as an important part of electricity markets. On the other hand, the transmission capacity limits should be considered to optimize the total market cost. In this paper, a new approach based on Constrained Particle Swarm Optimization (CPSO) is developed to address the multi-product and multi-area electricity market dispatch problem. Constraint handling is based on feasibility rules and probability distribution. CPSO method offers a new solution for optimizing the total market cost in a multi-area competitive electricity market considering system constraints. The proposed approach is verified with several cases studies with quadratic and non-smooth cost functions.
Original language | English |
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Title of host publication | 12th International Middle East Power System Conference, MEPCON 2008 |
Publisher | IEEE Institute of Electrical and Electronic Engineers |
Pages | 559-564 |
ISBN (Electronic) | 978-1-4244-1934-0 |
ISBN (Print) | 978-1-4244-1933-3 |
DOIs | |
Publication status | Published - 18 Sep 2008 |
MoE publication type | A4 Article in a conference publication |
Event | 2008 12th International Middle East Power System Conference, MEPCON 2008 - Aswan, Egypt Duration: 12 Mar 2008 → 15 Mar 2008 |
Conference
Conference | 2008 12th International Middle East Power System Conference, MEPCON 2008 |
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Country | Egypt |
City | Aswan |
Period | 12/03/08 → 15/03/08 |
Keywords
- Energy bidding price
- Particle swarm optimization
- Reserve bidding price