Unit Commitment in a Federalized Power Market: A Mixed Integer Programming Approach
Payal Mitra,
Soumendu Sarkar,
Tarun Mehta and
Atul Kumar
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Payal Mitra: Elsevier, Amsterdam
Tarun Mehta: Centre for Energy,Environment and Water,New Delhi
Atul Kumar: School of International Studies,Jawaharlal Nehru University, New Delhi
No 323, Working papers from Centre for Development Economics, Delhi School of Economics
Abstract:
We study the features of the Indian power system and deconstruct the factors that impede its transition to more optimised market mechanisms. We also present an adaptation of unit commitment from literature, tailored to India's characteristics. Such a model enables India-like power systems to transition to state-of-the-art combinatorial optimisation solution techniques such as Mixed Integer Liner Programming. Further, by simulating the unit commitment problem for the state of Rajasthan with actual data from the year 2015-16, we demonstrate the possibility of significant savings for a central planner in procuring and scheduling adequate power to meet its demands securely. Key Words: Unit Commitment, Power Markets, Energy, Electricity, Mathematical Programming JEL Codes: C61, Q41, Q42
Pages: 28 pages
Date: 2022-03
New Economics Papers: this item is included in nep-ene
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