GENCO's Risk-Based Maintenance Outage Scheduling

  title={GENCO's Risk-Based Maintenance Outage Scheduling},
  author={Lei Wu and Mohammad Shahidehpour and Tao Li},
  journal={IEEE Transactions on Power Systems},
This paper presents a stochastic model for the optimal risk-based generation maintenance outage scheduling based on hourly price-based unit commitment in a generation company (GENCO). Such maintenance outage schedules will be submitted by GENCOs to the ISO for approval before implementation. The objective of a GENCO is to consider financial risks when scheduling its midterm maintenance outages. The GENCO also coordinates its proposed outage scheduling with short-term unit commitment for… CONTINUE READING
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