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O'Neill, Richard

Publications and source records attributed to O'Neill, Richard.

Bid-in Price-Sensitive Load: A Comparison with Fixed Load in a Realistic Test System

Bulk power systems operations, in both simulation and practice, are often built on the principle of minimizing production costs, which assumes to first order that demand is fixed and that the only degrees of freedom for balancing generation and load are supply-side unit commitment and dispatch decisions. The purpose of this report is to interrogate the value of welfare-maximizing markets that not only physically balance demand and supply but also ensure that market outcomes provide consumer value by directly maximizing welfare, defined as the value of consumption minus production costs.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Security-Constrained Unit Commitment with Linearized AC Optimal Power Flow.

We propose a mathematical programming-based approach to optimize the security-constrained unit commitment problem with a full AC transmission network representation. Our approach is based on our previously introduced successive linear programming (SLP) approach to solving the non-linear, nonconvex AC optimal power flow (ACOPF) problem. By linearizing the ACOPF, we are able to leverage powerful commercial mixed-integer solvers to iteratively optimize the combined unit commitment plus ACOPF model. We demonstrate our approach on six-bus, IEEE RTS-96, and IEEE 118-bus test systems. We perform a comparative analysis of the relative impacts of singlebus, DC, and AC transmission network models on the unit commitment and dispatch solutions and their associated costs.

24 POWER TRANSMISSION AND DISTRIBUTION↗