Price-based Commitment Decisions In The Electricity Market

1 Introduction.- 2 The Unit Commitment Problem.- 2.1 Unit Commitment In A Regulated Industry.- 2.2 Present Unit Commitment Solution Methods.- 2.3 Interruptible Service Contracts.- 3 Unit Commitment In A Deregulated Environment.- 3.1 Possible Formats For The Electricity Market.- 3.1.1 The Poolco Marketplace.- 3.1.2 The Market Of Bilateral Contracts.- 3.2 Unit Commitment For An Individual Supplier.- 3.2.1 Bilateral Market.- 3.2.2 Poolco Market.- 3.3 Multiple Generation.- 3.4 Secondary Market For Reliability.- 3.5 Other Issues.- 4 Survey Of The Dynamic Programming Formulation.- 4.1 Finite Horizon Problems.- 4.2 Infinite Horizon Problems With A Factor.- 4.3 Stochastic Shortest Path Problems.- 4.4 Average Cost Per Stage Problems.- 5 Unit Commitment For An Individual Power Producer.- 5.1 Unit Commitment Without Generation Limits.- 5.2 Unit Commitment With Generation Limits.- 5.2.1 Truncated Normal Distributions.- 5.2.2 Truncated Lognormal Distributions.- 5.2.3 Expected Profit Of Generation.- 6 Price Process Of Electricity.- 6.1 Price Process Models.- 6.1.1 Long Term Model Behavior.- 6.1.2 Price Models Using Logarithms.- 6.1.3 Unit Root Tests.- 6.1.4 Application Of Unit Root Test To Pjm Electricity Data.- 6.2 Correlation Of Price With Load.- 6.2.1 Expanded Price Process Models.- 6.2.2 Test For Mean Reversion.- 6.2.3 Price Prediction Algorithms.- 6.3 Correlation Of Load With Date.- 6.4 Correlation Of Load With Temperature.- 6.4.1 Overview Of Linear Regression Analysis.- 6.4.2 Application Of Regression To Temperatureload Data.- 6.4.3 Conclusions Of Regression Analysis For Load Vs. Temperature.- 6.5 Effects Of Variance Of Load Estimation.- 7 Computational Complexity Of Unit Commitment.- 7.1 Dynamic Programming Algorithm.- 7.2 Heuristic Simplifications.- 7.3 Ordinal Optimization.- 7.3.1 Overview Of Ordinal Optimization.- 7.3.2 Application To Unit Commitment.- 7.4 Example.- 7.4.1 Solution By Dynamic Programming.- 7.4.2 Solution By Ordinal Optimization.- 8 Forward Contracts And