Implementation of Electricity Competition Framework with Economic Dispatch Direct Method
Abstract: Technically,
electricity business under competition structure is more complex than that of
vertically integrated one. A competition framework has to be designed to
implement bidding strategies with electrical calculations as quickly as
possible (not more than 15 minets). This paper proposes a competition framework
with the electric calculations, where a bilateral contract has been
accommodated. Optimal energy price in the paper is calculated based on direct
method of economic dispatch to obtain the result very quickly. The proposed
method has been simulated to a 4-bus system. The simulation results show that
the method works well and complies with the expectation. Therefore, electric
power business under competition structure can be well realized by the proposed
method.
Keywords: electric
calculations, electricity competition framework, implementation
Author: Hermagasantos Zein,
Yusra Sabri, Ali Mashar
Journal Code: jptkomputergg120096
