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Short-term generation scheduling is an important function in daily operational planning of power systems. It is defined as optimal scheduling of power generators over a scheduling period while respecting various generator constraints and system constraints. Objective of the problem includes costs associated with energy production, start-up cost and shut-down cost along with profits. The resulting problem is a large scale nonlinear mixed-integer optimization problem for which there is no exact solution technique available. The solution to the problem can be obtained only by complete enumeration, often at the cost of a prohibitively computation time requirement for realistic power systems. This paper presents a hybrid algorithm which combines Lagrangian Relaxation (LR) together with Evolutionary Algorithm (EA) to solve the problem in cooperative and competitive energy environments. Simulation studies were carried out on different systems containing various numbers of units. The outcomes from different algorithms are compared with that from the proposed hybrid algorithm and the advantages of the proposed algorithm are briefly discussed.

Purpose This study aims to consider environmental sustainability, a global challenge under the preview of sustainable development goals, highlighting the significance of knowledge economy in attaining sustainable aggregate demand behavior globally. For this purpose, 155 countries that have data available from 1995 to 2021 were selected. The purpose of selecting these countries is to test the global responsibility of the knowledge economy to attain environmental sustainability. Design/methodology/approach Results are estimated with the help of panel quantile regression. The empirical existence of aggregate demand-based environmental Kuznets curve (EKC) was tested using non-linear tests. Moreover, principal component analysis has been incorporated to construct the knowledge economy index. Findings U-shaped aggregate demand-based EKC at global level is validated. However, environmental deterioration increases with an additional escalation after US$497.945m in aggregate demand. As a determinant, the knowledge economy is reducing CO2 emissions. The knowledge economy has played a significant role in global responsibility, shifting the EKC downward and extending the CO2 reduction phase for every selected country. Further, urbanization, energy intensity, financial development and trade openness significantly deteriorate the environmental quality. Originality/value This study contains the empirical existence of aggregate demand-based EKC. The role of the knowledge economy is examined through an index which is calculated by using four pillars of the knowledge economy (technology, innovations, education and institutions). This study is based on a combined panel of all the countries for which the data was available.

This paper presents a multi-objective optimization model for a long-term generation mix in Indonesia. The objective of this work is to assess the economic, environment, and adequacy of local energy sources. The model includes two competing objective functions to seek the lowest cost of generation and the lowest CO2 emissions while considering technology diffusion. The scenarios include the use of fossil reserves with or without the constraints of the reserve to production ratio and exports. The results indicate that Indonesia should develop all renewable energy and requires imported coal and natural gas. If all fossil resources were upgraded to reserves, electricity demand in 2050 could be met by domestic energy sources. The maximum share of renewable energy that can be achieved in 2050 is 33% with and 80% without technology diffusion. The least cost optimization produces lower generation costs than the least CO2 emissions, as well as the combined scenario. Total CO2 emissions in 2050 are five to six times as large as current emissions. The least CO2 emissions scenario can reduce almost half of the CO2 emissions of the least cost scenario by 2050. The proposed multi-objective optimization model leads some optimal solutions for a more sustainable electricity system.

Abstract In many visions and roadmaps, there is a broad agreement that fuel cells – both for stationary and mobile applications – are the key technology to allow the development of a hydrogen infrastructure. Furthermore, this development is generally thought to be based on a gradual, decentralised evolution. Nevertheless, in this paper it is argued that, taking into account the entire hydrogen chain (production, transport, storage, distribution and end-use), this decentralised fuel-cell based philosophy shows some serious flaws. Therefore, a new hydrogen-transition approach was pushed forward: mixing in of hydrogen into the natural-gas bulk. Using Flanders – the Northern part of Belgium – as a case study, the development of a transitory hydrogen infrastructure has been studied, taking into account the entire hydrogen chain and its dynamics, from production to end use. In a next step, this transition is being quantified. An optimisation model has been developed using Matlab and the commercial solvers GAMS and CPLEX. Following a mixed-integer linear-programming approach, this model is able to determine the economically optimal hydrogen-production mix and operational behaviour of each hydrogen-production plant separately. The model then allows gaining valuable insights in the importance of storage and the influence of fuel prices and carbon taxes with regard to the development of an early hydrogen economy.

Abstract In the new competitive electricity supply industry, there is a renewed interest in algorithms that can provide savings in operation costs. An optimal scheduling of generators can provide substantial annual savings in fuel costs, but this highly constrained non-linear mixed integer optimisation problem can only be full v solved by complete enumeration, a process which is not computationally feasible for realistic power systems. In the recent past, evolutionary computation techniques have been applied to the solution of the unit commitment problem, but when implemented as stand alone systems, they suff er from computational time limitations, especially when the systems are scaled up. This paper proposes a hybridgenetic algorithm incorporating a priority list unit ordering scheme to solve the generator scheduling problem. Test results on networks with up to 110 generators are presented and the results demonstrate the viability of the hybrid GA method for unit commitment in realistic power systems.

This paper gives a introduction of a SMES unit using 2G HTS wires. A complete SMES system including both superconducting coils and control circuit has been designed to operate at 77 K. Three single-phase H-bridge converters have been used in the control circuit. A loop control signal is sent out by using 32 fixed point Digital Signal Processor (DSP). The complete circuit has been both modelled in simulation and built experimentally. The results validate that this SMES successfully compensates a voltage sag in a power system.

This paper is concerned with the risk management practices of an electricity retailer motivated by the Dutch electricity market. We examine the effectiveness of the existing base- and peak-load futures contracts as a risk management tool for the electricity retailers. We analytically characterize the retailer’s optimal hedging policy as a function of the serial correlation of the prices and the demand profiles of its customers. We find that the retailer typically over-hedges in the futures market, and the over-hedging amount increases when both base- and peak-load contracts are used. Our findings indicate that although the existing contracts in the futures market are quite efficient to replicate the exposure from profiled customers, when industrial consumers and renewable generation are included to the retailer’s portfolio, the effectiveness of such contracts decreases substantially. In our motivating example, hedging the risk of the profiled customers with base-load contracts, the firm may reduce the variance of its cash flows by 85.9%. In addition to the base-load contracts, including peak-load contracts into the hedging portfolio of the retailer increases the efficiency of hedging to 89.3%. However, when we consider the aggregate portfolio of the retailer including profiled customers, industrial consumers and renewable contracts, the efficiency of hedging through the existing futures contracts goes down as low as 32.8% during certain periods. © 2022, The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature.