WO2003094414A3 - Valuing and optimizing scheduling of generation assets - Google Patents

Valuing and optimizing scheduling of generation assets Download PDF

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Publication number
WO2003094414A3
WO2003094414A3 PCT/US2003/008367 US0308367W WO03094414A3 WO 2003094414 A3 WO2003094414 A3 WO 2003094414A3 US 0308367 W US0308367 W US 0308367W WO 03094414 A3 WO03094414 A3 WO 03094414A3
Authority
WO
WIPO (PCT)
Prior art keywords
facilities
determining
valuing
decision tree
dynamic programming
Prior art date
Application number
PCT/US2003/008367
Other languages
French (fr)
Other versions
WO2003094414A2 (en
Inventor
Ralph D Masiello
Mihaela Manoliu
Petter Skantze
Original Assignee
Caminus Corp
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Priority claimed from US10/336,541 external-priority patent/US7474995B2/en
Priority claimed from US10/336,542 external-priority patent/US7389209B2/en
Application filed by Caminus Corp filed Critical Caminus Corp
Priority to AU2003225856A priority Critical patent/AU2003225856A1/en
Priority to EP03747567A priority patent/EP1509825A4/en
Publication of WO2003094414A2 publication Critical patent/WO2003094414A2/en
Publication of WO2003094414A3 publication Critical patent/WO2003094414A3/en

Links

Classifications

    • H—ELECTRICITY
    • H02—GENERATION; CONVERSION OR DISTRIBUTION OF ELECTRIC POWER
    • H02J—CIRCUIT ARRANGEMENTS OR SYSTEMS FOR SUPPLYING OR DISTRIBUTING ELECTRIC POWER; SYSTEMS FOR STORING ELECTRIC ENERGY
    • H02J3/00—Circuit arrangements for ac mains or ac distribution networks
    • H02J3/008—Circuit arrangements for ac mains or ac distribution networks involving trading of energy or energy transmission rights
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q10/00—Administration; Management
    • G06Q10/06—Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
    • H—ELECTRICITY
    • H02—GENERATION; CONVERSION OR DISTRIBUTION OF ELECTRIC POWER
    • H02J—CIRCUIT ARRANGEMENTS OR SYSTEMS FOR SUPPLYING OR DISTRIBUTING ELECTRIC POWER; SYSTEMS FOR STORING ELECTRIC ENERGY
    • H02J3/00—Circuit arrangements for ac mains or ac distribution networks
    • H02J3/004—Generation forecast, e.g. methods or systems for forecasting future energy generation
    • Y—GENERAL TAGGING OF NEW TECHNOLOGICAL DEVELOPMENTS; GENERAL TAGGING OF CROSS-SECTIONAL TECHNOLOGIES SPANNING OVER SEVERAL SECTIONS OF THE IPC; TECHNICAL SUBJECTS COVERED BY FORMER USPC CROSS-REFERENCE ART COLLECTIONS [XRACs] AND DIGESTS
    • Y02—TECHNOLOGIES OR APPLICATIONS FOR MITIGATION OR ADAPTATION AGAINST CLIMATE CHANGE
    • Y02E—REDUCTION OF GREENHOUSE GAS [GHG] EMISSIONS, RELATED TO ENERGY GENERATION, TRANSMISSION OR DISTRIBUTION
    • Y02E40/00—Technologies for an efficient electrical power generation, transmission or distribution
    • Y02E40/70—Smart grids as climate change mitigation technology in the energy generation sector
    • Y—GENERAL TAGGING OF NEW TECHNOLOGICAL DEVELOPMENTS; GENERAL TAGGING OF CROSS-SECTIONAL TECHNOLOGIES SPANNING OVER SEVERAL SECTIONS OF THE IPC; TECHNICAL SUBJECTS COVERED BY FORMER USPC CROSS-REFERENCE ART COLLECTIONS [XRACs] AND DIGESTS
    • Y04—INFORMATION OR COMMUNICATION TECHNOLOGIES HAVING AN IMPACT ON OTHER TECHNOLOGY AREAS
    • Y04S—SYSTEMS INTEGRATING TECHNOLOGIES RELATED TO POWER NETWORK OPERATION, COMMUNICATION OR INFORMATION TECHNOLOGIES FOR IMPROVING THE ELECTRICAL POWER GENERATION, TRANSMISSION, DISTRIBUTION, MANAGEMENT OR USAGE, i.e. SMART GRIDS
    • Y04S10/00—Systems supporting electrical power generation, transmission or distribution
    • Y04S10/50—Systems or methods supporting the power network operation or management, involving a certain degree of interaction with the load-side end user applications
    • Y—GENERAL TAGGING OF NEW TECHNOLOGICAL DEVELOPMENTS; GENERAL TAGGING OF CROSS-SECTIONAL TECHNOLOGIES SPANNING OVER SEVERAL SECTIONS OF THE IPC; TECHNICAL SUBJECTS COVERED BY FORMER USPC CROSS-REFERENCE ART COLLECTIONS [XRACs] AND DIGESTS
    • Y04—INFORMATION OR COMMUNICATION TECHNOLOGIES HAVING AN IMPACT ON OTHER TECHNOLOGY AREAS
    • Y04S—SYSTEMS INTEGRATING TECHNOLOGIES RELATED TO POWER NETWORK OPERATION, COMMUNICATION OR INFORMATION TECHNOLOGIES FOR IMPROVING THE ELECTRICAL POWER GENERATION, TRANSMISSION, DISTRIBUTION, MANAGEMENT OR USAGE, i.e. SMART GRIDS
    • Y04S50/00—Market activities related to the operation of systems integrating technologies related to power network operation or related to communication or information technologies
    • Y04S50/10—Energy trading, including energy flowing from end-user application to grid

Abstract

The present invention provides methods and systems for determining anticipated profit from facilities such as electrical power generation facilities, for determining values for assets based on profitability of facilities, and for determining optimal operational scheduling options for facilities. A dynamic programming algorithm and a decision tree based model are utilized, in which one or more operating constraints are implicitly modeled, facilitating computational tractability (Fig 2). Said dynamic programming algorithm and a decision tree based model accounts for a combined effect of price paths with specified uncertainty as well as operational constraints.
PCT/US2003/008367 2002-05-03 2003-03-19 Valuing and optimizing scheduling of generation assets WO2003094414A2 (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
AU2003225856A AU2003225856A1 (en) 2002-05-03 2003-03-19 Valuing and optimizing scheduling of generation assets
EP03747567A EP1509825A4 (en) 2002-05-03 2003-03-19 Valuing and optimizing scheduling of generation assets

Applications Claiming Priority (6)

Application Number Priority Date Filing Date Title
US37770902P 2002-05-03 2002-05-03
US60/377,709 2002-05-03
US10/336,541 2003-01-02
US10/336,541 US7474995B2 (en) 2002-05-03 2003-01-02 Valuing and optimizing scheduling of generation assets
US10/336,542 2003-01-02
US10/336,542 US7389209B2 (en) 2002-05-03 2003-01-02 Valuing and optimizing scheduling of generation assets for a group of facilities

Publications (2)

Publication Number Publication Date
WO2003094414A2 WO2003094414A2 (en) 2003-11-13
WO2003094414A3 true WO2003094414A3 (en) 2004-06-17

Family

ID=29407752

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2003/008367 WO2003094414A2 (en) 2002-05-03 2003-03-19 Valuing and optimizing scheduling of generation assets

Country Status (3)

Country Link
EP (1) EP1509825A4 (en)
AU (1) AU2003225856A1 (en)
WO (1) WO2003094414A2 (en)

Families Citing this family (7)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7698233B1 (en) 2007-01-23 2010-04-13 Southern Company Services, Inc. System and method for determining expected unserved energy to quantify generation reliability risks
US20150184549A1 (en) 2013-12-31 2015-07-02 General Electric Company Methods and systems for enhancing control of power plant generating units
US9957843B2 (en) 2013-12-31 2018-05-01 General Electric Company Methods and systems for enhancing control of power plant generating units
CN109711728B (en) * 2018-12-27 2023-04-18 陕西师范大学 Double-layer multi-target power dispatching method based on power uncertainty and low-carbon appeal
CN111817302A (en) * 2020-07-31 2020-10-23 三峡大学 Load operation optimization method considering flexibility potential
CN112965374B (en) * 2021-02-02 2022-11-01 郑州轻工业大学 Method for disassembling and scheduling in consideration of random demand and operation time under resource constraint
CN116914861B (en) * 2023-09-12 2024-01-23 南方电网数字电网研究院有限公司 Wind power station economic optimization scheduling method and system based on model predictive control

Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6021402A (en) * 1997-06-05 2000-02-01 International Business Machines Corporaiton Risk management system for electric utilities
US6185483B1 (en) * 1998-01-27 2001-02-06 Johnson Controls, Inc. Real-time pricing controller of an energy storage medium
US6223101B1 (en) * 1997-06-30 2001-04-24 Kabushiki Kaisha Toshiba District heat supply plant controller
US6321207B1 (en) * 1999-04-15 2001-11-20 I2 Technologies Us, Inc. System and method for optimizing the allocation of a resource

Patent Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6021402A (en) * 1997-06-05 2000-02-01 International Business Machines Corporaiton Risk management system for electric utilities
US6223101B1 (en) * 1997-06-30 2001-04-24 Kabushiki Kaisha Toshiba District heat supply plant controller
US6185483B1 (en) * 1998-01-27 2001-02-06 Johnson Controls, Inc. Real-time pricing controller of an energy storage medium
US6321207B1 (en) * 1999-04-15 2001-11-20 I2 Technologies Us, Inc. System and method for optimizing the allocation of a resource

Non-Patent Citations (1)

* Cited by examiner, † Cited by third party
Title
See also references of EP1509825A4 *

Also Published As

Publication number Publication date
EP1509825A2 (en) 2005-03-02
AU2003225856A1 (en) 2003-11-17
WO2003094414A2 (en) 2003-11-13
AU2003225856A8 (en) 2003-11-17
EP1509825A4 (en) 2006-09-06

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