Incorporating reliability evaluation into the uncertainty analysis of electricity market price

Electric Power Systems Research

Volumn 73, Issue 2, 2005, Pages 205-215

  Kang, Chongqing ^a   Bai, Lichao ^a   Xia, Qing ^a   Jiang, Jianjian ^a   Zhao, Jing ^a  

^a TSINGHUA UNIVERSITY   (China)

Author keywords

Electricity market; Electricity price; Power system reliability evaluation; Probability distribution; Uncertainty

Indexed keywords

ALGORITHMS; COMPUTER SIMULATION; DECISION MAKING; MARKETING; MONTE CARLO METHODS; PROBABILISTIC LOGICS; PROBABILITY DISTRIBUTIONS; RANDOM PROCESSES; REAL TIME SYSTEMS; RISK ASSESSMENT;

ELECTRICITY MARKETS; ELECTRICITY PRICES; POWER SYSTEM RELIABILITY EVALUATION; UNCERTAINTY;

ELECTRICITY;

EID: 12244277660     PISSN: 03787796     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.epsr.2004.08.005     Document Type: Article

References (18)

1. F.C. Schweppe, M.C. Caramanis, R.D. Tabors, and R.E. Bohn Spot Pricing of Electricity [M] 1988 Kluwer Academic Publishers Boston, MA
2. R.R. Booth Power system simulation model based on probability analysis IEEE Trans. Power Apparatus Syst. PAS-91 1972 62 69
3. A.J. Wood, R.J. Ringlee, and M.A. Sager A new generation production cost program to recognize forced outages IEEE Trans. Power Apparatus Syst. PAS-91 October 1972 2114 2124
4. M.Y. Lin, A.M. Breipohl, and F.N. Lee Comparison of probabilistic production cost simulation methods IEEE Trans. Power Syst. 4 November (4) 1989 1326 1334
5. X. Wang Equivalent energy function approach to power system probabilistic modeling IEEE Trans. Power Syst. 3 August (3) 1988 823 829
6. W.X. Huang, and B.F. Hobbs Optimal So2 compliance planning using probabilistic production costing and generalized benders decomposition IEEE Trans. Power Syst. 9 February (1) 1994 174 180
7. N.S. Rau The use of probability techniques in value-based planning IEEE Trans. Power Syst. 9 November (4) 1994 2001 2013
8. R. Billinton, and D. Lakhanpai Impacts of demand-side management on reliability cost/reliability worth analysis IEE Proc. Gen., Transm. Distribution 143 3 1996 225 231
9. J.A. Bloom Representing the production cost curve of a power system using the method of moments IEEE Trans. Power Syst. 7 August (3) 1992 1370 1377
10. C. Marnay, and T. Strauss Effectiveness of antithetic sampling and stratified sampling in Monte Carlo chronological production cost modeling [power systems] IEEE Trans. Power Syst. 6 May (2) 1991 669 675
11. S.J. Wang, S.M. Shahidehpour, and N.-D. Xiang Power system marginal cost curve and its applications IEEE Trans. Power Syst. 10 August (3) 1995 1321 1328
12. R.-R. Shih, and M. Mazumdar An analytical formula for the mean and variance of marginal costs for a power generation system IEEE Trans. Power Syst. 13 August (3) 1998 731 737
13. J. Valenzuela, M. Mazumdar, and A. Kapoor Influence of temperature and load forecast uncertainty on estimates of power generation production costs IEEE Trans. Power Syst. 15 May (2) 2000 668 674
14. A. Kapoor, and M. Mazumdar Approximate computation of variance of electric power generation system production costs Elec. Power Energy Syst. 18 4 1996 229 238
15. C. Kang, Q. Xia, and N. Xiang Sequence operation theory and its application in power system reliability evaluation Reliability Eng. Syst. Saf. 78 November (2) 2002 101 109
16. L. Bai, C. Kang, Q. Xia, and R. Ge Analysis on the uncertainty of electricity price Proceedings of the Chinese Society of Electrical Engineering vol. 22, May (5) 2002 36 41 (in Chinese)
17. L. Bai, C. Kang, and Xia.F Q. Risk evaluation of electricity price and its sensitivity analysis after deregulation IEEE PowerCon 2002 Proceedings Kunming, PR China 2002 1377 1382
18. R. Billinton, and R. Ghajar Evaluation of the marginal outage costs of generating for the purposes of spot pricing IEEE Trans. Power Syst. 9 February (1) 1994 68 75