Stochastic Unit Commitment in HydroThermal Power Production Planning

  title={Stochastic Unit Commitment in HydroThermal Power Production Planning},
  author={Nicole Gr{\"o}we-Kuska and Werner R{\"o}misch},
Economic needs and the ongoing liberalization of European electricity markets stimulate the interest of power utilities in developing models and optimization techniques for the generation and trading of electric power under uncertainty. Utilities participating in deregulated markets observe increasing uncertainty in load (i.e., demand for electric power) and prices for fuel and electricity on spot and contract markets. The mismatched power between actual and predicted demand may be supplied by… CONTINUE READING
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