Abstract
This chapter describes and formulates three important problems for the economic management of power systems, namely, the Unit Commitment (UC), the Economic Dispatch (ED), and the Network Constrained Unit Commitment (NCUC) problems. The UC problem determines the commitment of generating units with the aim of minimizing operating costs while supplying the demand and meeting technical and security constraints. Then, once the commitment of generating units is decided, the ED problem determines the actual power output of each generating unit that is needed to supply all demands at minimum cost, while complying with the technical constraints of the transmission network. Finally, if both the commitment of generating units and transmission constraints are considered simultaneously, the resulting problem is known as the NCUC problem. These three problems are mostly considered in electricity markets throughout the US.
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Conejo, A.J., Baringo, L. (2018). Unit Commitment and Economic Dispatch. In: Power System Operations. Power Electronics and Power Systems. Springer, Cham. https://doi.org/10.1007/978-3-319-69407-8_7
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DOI: https://doi.org/10.1007/978-3-319-69407-8_7
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