Mathematical model of power system management in conditions of a competitive wholesale electric power (capacity) market in Russia

M. R. Davidson, Yu V. Dogadushkina, E. M. Kreines, N. M. Novikova, A. V. Seleznev, Yu A. Udal'Tsov, L. V. Shiryaeva

Research output: Contribution to journalReview articlepeer-review

25 Scopus citations

Abstract

A mathematical model for optimized operation of the Russian unified power system is constructed by selecting loading modes of power-generating equipment on the basis of price bids by generating companies. The optimization is supposed to be conducted according to the criterion of the least cost subject to network limitations and conditions of flow distribution in the electric power system. The main stages of management decision making and their interrelation are considered. A nodal model of electric power pricing in this scheme is presented. The influence of different stages on the uniform nodal prices is investigated. The operation of the wholesale electric power (capacity) market model in Russia is described for the period starting July 1, 2008.

Original languageEnglish
Pages (from-to)243-253
Number of pages11
JournalJournal of Computer and Systems Sciences International
Volume48
Issue number2
DOIs
StatePublished - 1 Apr 2009
Externally publishedYes

ASJC Scopus subject areas

  • Software
  • Control and Systems Engineering
  • Theoretical Computer Science
  • Information Systems
  • Computer Vision and Pattern Recognition
  • Computer Networks and Communications
  • Applied Mathematics

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