A tool for unit commitment schedule in day-ahead in pool based electricity markets

Abstract

Operating the power system in a deregulated framework is now becoming a common trend in many countries in the world, including Vietnam. In order to ensure effective operation of the power market, there is a need for a good infrastructure for information exchange, and especially high performance computing tools which allows determining the optimal unit commitment schedule, based on price signal. These computing tools also serve to derive optimal bidding strategies for generating companies. This paper presents a computational tool for day ahead market clearing, based on price signals. The program has been tested with large size data, which proves its capability to handle the computational task of the Vietnam power market.