This paper presents a new framework for the day-ahead reactive power market based on the uniform auction price. Voltage stability and security have been considered in the proposed framework. Total Payment Function (TPF) is suggested as the objective function of the Optimal Power Flow (OPF) used to clear the reactive power market. Overload, voltage drop and voltage stability margin (VSM) are inc...

BACKGROUND A unique framework for performance optimization of generation companies (GENCOs) based on health, safety, environment, and ergonomics (HSEE) indicators is presented. METHODS To rank this sector of industry, the combination of data envelopment analysis (DEA), principal component analysis (PCA), and Taguchi are used for all branches of GENCOs. These methods are applied in an integrat...

Emerging electricity reforms in the power market aims at removing monopolistic oligopoly and promoting competition by providing opportunities to more producers. This paper seeks investigate various existing structures of Power Market. Indian Energy Exchange (IEX) India Limited (PXIL) facilitates transparent trading electricity, a larger spectrum allows participation other players market. Market...

In restructured power systems, planning unit commitment includes optimization of production sources in order to maximize the profit of power producing corporations (GENCO) with conforming to the related limits, which is introduced as the planning based on the profit of units commitment (PBUC). In this paper, the algorithm of Iteration Particle Swarm Optimization (IPSO) has been used in order to...

Problem statement: In a competitive electricity market with limited number of producers, Generation Companies (Gencos) is facing an oligopoly market rather than a perfect competition. Under oligopoly market environment, each Genco may increase its own profit through a favorable bidding strategy. The objective of a Genco is to maximize its profit and minimize the associated risk. In order to ach...

This paper presents a novel approach to the (generation maintenance scheduling) GMS problem in electricity markets. The main contribution of this study is the modeling of a coordination procedure for an (independent system operator) ISO, based on a game-theoretic framework for the GMS problem. The GMS process of generation companies (Gencos) is designed as a non-cooperative dynamic game, and th...