Abstract
This paper presents a new approach for Real-Time Application of Profit Based Unit Commitment using Memory Management Algorithm. The main objective of the restructured system is to maximize its own profit without the responsibility of satisfying the forecasted demand. The Profit Based Unit Commitment (PBUC) is solved by Memory Management Algorithm (MMA) in Real-Time Application. MMA approach is introduced in this paper considering power and reserve generation. The proposed method MMA uses Best Fit and Worst Fit allocation for generator scheduling in order to receive the maximum profit by considering the softer demand. Also, this method gives an idea regarding how much power and reserve should be sold in markets. The proposed approach has been tested on a power system with 2, 3, and 10 generating units. Simulation results of the proposed approach have been compared with the existing methods.
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