Abstract
This study proposes a modeling technique for applying combined cycle gas turbines (CCGTs) to the unit commitment problem. The proposed method does not specify the turbine operation order in advance, and uses a simple and basic formula structured as mixed integer linear programming (MILP). In addition, we propose a system marginal price (SMP) calculation considering combination modeling of CCGTs, and we analyze market price change and its effect. After applying the proposed method to the unit commitment problem and calculating the market price from January 2017, although average market price and volatility increased, there was no rapid change, such as inversion of the dispatching rank of fuel sources or excessive fuel costs. And the profitability of the CCGTs participating in the day-ahead energy market improve.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Journal of Electrical Engineering & Technology
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
