Impact of frequency-based tariff in power market Online publication date: Tue, 28-Oct-2014
by Pankaj Mishra; T. Ghose
International Journal of Power and Energy Conversion (IJPEC), Vol. 5, No. 4, 2014
Abstract: System frequency can be a useful signal in real-time power system operation to promote competition along with operational reliability. The commercial mechanism adopted in India, the availability-based tariff (ABT), defines a power tariff structure that allows recovery of capital cost and fuel cost as well as a condition-based price incentive to participants which help to minimise the real power imbalance. We propose a mathematical model for profit-based dispatch and a heuristic technique has been developed to determine the daily scheduling of declared capacity by maximising the profit. The main purpose of the paper is to look at the advocacy rules of ABT more strategically and to develop plans for generation scheduling. Comparative analysis with previously followed two-part tariff system is also carried out to expose the importance and role of incentive/penalty for self regulatory system.
Online publication date: Tue, 28-Oct-2014
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Power and Energy Conversion (IJPEC):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email email@example.com