Risk management system for electric utilities

摘要: A computer implemented risk-management system schedules the generating units of an electric utility while taking into consideration power trading with other utilities and stochastic load on system. The provides user a tool that generates multiple forecasts allows to vary fuel price between different scenarios periods planning horizon. model accurately uncertain transactions changing prices meet demand customers at minimal cost making maximum profit possible from trading. also apply any set linear constraints fuels. mathematical problem is solved provide status each generator time period horizon under given scenario, during in which it operating, optimal mix for unit, purchasing selling