Profit Maximization Under Unit Commitment Solutions Through Self-Scheduling

The variable renewable energy sources with null operating cost like solar, photovoltaic and wind which are of significant rise of interest as it proclaims to reduce the greenhouse gases, aims the reduction of the carbon footprints. These renewables are intermittent due to meteorological phenomena and affects the production. A possible solution to alleviate this is to combine with conventional generators, known as mixed generation. These conventional generators which participate, though costly but deterministic to cope up with the load. A basic model using dc power flow model, which is a linearized ac model, representing ON and OFF status, shut down, start up, ramp up and ramp down costs and imposing bounds, while declaring binary variables and logical expression which are formulated. Here in this paper, it is revealed through a 6-hour planning horizon that an owner who owns power plant, want to make profit with the conventional plant. The profit to be maximized is calculated using mixed integer linear programming at each hour.

Authors

Institutions

Publication Details

Published
2024-11-08
DOI
https://doi.org/10.1109/odicon62106.2024.10797500
Primary Topic
Smart Grid Energy Management
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Profit Maximization Under Unit Commitment Solutions Through Self-Scheduling

Chandan Kumar Chanda, Dipu Mistry, Suman Moitra, Bishaljit Paul et al.
Smart Grid Energy Management
article

Profit Maximization Under Unit Commitment Solutions Through Self-Scheduling

Chandan Kumar Chanda, Dipu Mistry, Suman Moitra, Bishaljit Paul, Reshmi Chandra
article en

Abstract

The variable renewable energy sources with null operating cost like solar, photovoltaic and wind which are of significant rise of interest as it proclaims to reduce the greenhouse gases, aims the reduction of the carbon footprints. These renewables are intermittent due to meteorological phenomena and affects the production. A possible solution to alleviate this is to combine with conventional generators, known as mixed generation. These conventional generators which participate, though costly but deterministic to cope up with the load. A basic model using dc power flow model, which is a linearized ac model, representing ON and OFF status, shut down, start up, ramp up and ramp down costs and imposing bounds, while declaring binary variables and logical expression which are formulated. Here in this paper, it is revealed through a 6-hour planning horizon that an owner who owns power plant, want to make profit with the conventional plant. The profit to be maximized is calculated using mixed integer linear programming at each hour.

Indian Institute of Engineering Science and Technology, Shibpur (IN)
Openalex Percentile: Top 78%
Smart Grid Energy Management
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.