A new profit-based unit commitment considering power and reserve generating

Abstract

Because of the revolution of power system structure nowadays, operation and control of generating units must be modified. Energy price becomes an important parameter to make a decision in this restructured system. Unit commitment (UC) in such a competitive environment is no longer the same as the traditional one. The objective of UC is not to minimize production cost as before but to find the solution that produces a maximum profit for generation company (GENCO). This paper presents a new profit-based UC formulation under competitive environment considering both power and reserve generation. A hybrid method between Lagrange relaxation (LR) and evolutionary programming (EP) is applied to solve this new UC problem. The proposed approach is applied to a test system. Simulation results are compared with those obtained from traditional UC.