Time-dependent marginal energy costs in power systems with forced outages

Jacob Zahavi, Joseph Vardi, Benjamin Avi-Itzhak

Research output: Contribution to journalArticlepeer-review

Abstract

Marginal pricing of electricity calls for the determination of marginal energy costs over time. The purpose of this paper is to provide a computationally efficient procedure for computing the time-dependent probability, under merit order operation and forced outages of units, that any given plant will be the last plant used in a given multi-plant power system. This then allows a straightforward calculation of expected marginal energy cost for the given-power system over time. Other performance measures are derived as a by-product at relatively little extra computational effort. The method is applied to a realistic system and numerical results are presented and discussed.

Original languageEnglish
Pages (from-to)507-516
Number of pages10
JournalJournal of the Operational Research Society
Volume31
Issue number6
DOIs
StatePublished - Jun 1980

Fingerprint

Dive into the research topics of 'Time-dependent marginal energy costs in power systems with forced outages'. Together they form a unique fingerprint.

Cite this