Abstract
In Japan, the electric power market has been fully deregulated since April 2016, and many Independent Power Producers have entered the electric power market. Companies participating in the market conduct transactions between market participants to maximize their profits. When companies consider maximization of their profit, it is necessary to optimize operation of generators in consideration of market transactions. However, it is not easy to consider trading in the market because the market contains many complex and uncertain factors. Even now, the number of participating companies is increasing, and research on operation of generators in consideration of market transactions is an important field. In the power market, there are various markets such as a day-ahead market and an adjustment market, and various transactions are performed between market participants. In this study, we discuss the day-ahead market trading. In the day-ahead market, power prices and demands vary greatly depending on the trends in power sell and purchase bidding. It is necessary for business operators to set operational schedules that takes into account fluctuations in power prices and demand. We consider an optimization model of generator operation considering market transactions and apply stochastic programming to solve the problem. In addition, we show that scheduling based on the stochastic programming method is better than conventional deterministic planning.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Cerisola, S., et al.: Stochastic power generation unit commitment in electricity market: a novel formulation and a comparison of solution methods. Oper. Res. 57(1), 32–46 (2009)
Birge, J.R., Louveaux, F.: Introduction to Stochastic Programming, pp. 137–152. Springer, New York (1997). https://doi.org/10.1007/978-1-4614-0237-4
JEPX (Japan Electric Power Exchange). jepx.org
Shiina, T.: Stochastic programming. Asakura Shoten, Tokyo (2015)
Sakawa, M., Nisizaki, I.: Introduction to Mathematical Programming. Morikita Publishing, Tokyo (2014)
Watanabe, I., et al.: Research Report of Central Research Institute of Electric Power Industry, Simulation of Electricity Market-Development of Basic Model Considering Power Supply Start/Stop Plan (2004). (Project Number: R03016)
Yamaguchi, N.: Research report of Central Research Institute of Electric Power Industry, Empirical research on JEPX electricity trading trends using simultaneous equation model (2007). (Project number: Y06006)
Author information
Authors and Affiliations
Corresponding authors
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Nature Switzerland AG
About this paper
Cite this paper
Mikami, R., Fukuba, T., Shiina, T., Tokoro, K. (2020). Unit Commitment Problem in the Deregulated Market. In: Huynh, VN., Entani, T., Jeenanunta, C., Inuiguchi, M., Yenradee, P. (eds) Integrated Uncertainty in Knowledge Modelling and Decision Making. IUKM 2020. Lecture Notes in Computer Science(), vol 12482. Springer, Cham. https://doi.org/10.1007/978-3-030-62509-2_9
Download citation
DOI: https://doi.org/10.1007/978-3-030-62509-2_9
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-62508-5
Online ISBN: 978-3-030-62509-2
eBook Packages: Computer ScienceComputer Science (R0)