In deregulated electricity markets, price forecasting is gaining importance between various market players in the power in order to adjust their bids in the day-ahead electricity markets and maximize their profits. El...In deregulated electricity markets, price forecasting is gaining importance between various market players in the power in order to adjust their bids in the day-ahead electricity markets and maximize their profits. Electricity price is volatile but non random in nature making it possible to identify the patterns based on the historical data and forecast. An accurate price forecasting method is an important factor for the market players as it enables them to decide their bidding strategy to maximize profits. Various models have been developed over a period of time which can be broadly classified into two types of models that are mainly used for Electricity Price forecasting are: 1) Time series models;and 2) Simulation based models;time series models are widely used among the two, for day ahead forecasting. The presented work summarizes the influencing factors that affect the price behavior and various established forecasting models based on time series analysis, such as Linear regression based models, nonlinear heuristics based models and other simulation based models.展开更多
Relay coordination is crucial in electrical power systems to protect against malfunctions and damage caused by unexpected events like short circuits.To address the challenge associated with the reverse direction of fa...Relay coordination is crucial in electrical power systems to protect against malfunctions and damage caused by unexpected events like short circuits.To address the challenge associated with the reverse direction of fault current,dual-setting(DS)directional over-current relays have evolved but failed to provide proper coordination during changes of load,generation,and network.In the meantime,with the increasing number of DS relays,the total relay operating time tends to saturate.Therefore,this paper proposes a protection scheme based on the optimal deployment of conventional and dual-setting rate of change of voltage(DS-ROCOV)relays in distribution systems.This holds true for varying network topologies and is unaffected by variations in load and generation.The objective of the proposed scheme is to ensure reliable and efficient protection against faults in distribution systems by minimizing the overall operating time with the optimal number of DS-ROCOV relays.The proposed protection scheme’s performance is evaluated for different coordination time interval values as well as in different microgrid scenarios.This paper outlines the design and implementation of the proposed protection scheme which is validated on the modified IEEE 14-bus system using simulations in Matlab/Simulink.展开更多
文摘In deregulated electricity markets, price forecasting is gaining importance between various market players in the power in order to adjust their bids in the day-ahead electricity markets and maximize their profits. Electricity price is volatile but non random in nature making it possible to identify the patterns based on the historical data and forecast. An accurate price forecasting method is an important factor for the market players as it enables them to decide their bidding strategy to maximize profits. Various models have been developed over a period of time which can be broadly classified into two types of models that are mainly used for Electricity Price forecasting are: 1) Time series models;and 2) Simulation based models;time series models are widely used among the two, for day ahead forecasting. The presented work summarizes the influencing factors that affect the price behavior and various established forecasting models based on time series analysis, such as Linear regression based models, nonlinear heuristics based models and other simulation based models.
文摘Relay coordination is crucial in electrical power systems to protect against malfunctions and damage caused by unexpected events like short circuits.To address the challenge associated with the reverse direction of fault current,dual-setting(DS)directional over-current relays have evolved but failed to provide proper coordination during changes of load,generation,and network.In the meantime,with the increasing number of DS relays,the total relay operating time tends to saturate.Therefore,this paper proposes a protection scheme based on the optimal deployment of conventional and dual-setting rate of change of voltage(DS-ROCOV)relays in distribution systems.This holds true for varying network topologies and is unaffected by variations in load and generation.The objective of the proposed scheme is to ensure reliable and efficient protection against faults in distribution systems by minimizing the overall operating time with the optimal number of DS-ROCOV relays.The proposed protection scheme’s performance is evaluated for different coordination time interval values as well as in different microgrid scenarios.This paper outlines the design and implementation of the proposed protection scheme which is validated on the modified IEEE 14-bus system using simulations in Matlab/Simulink.
