International Journal of Advancements in Electronics and Electrical Engineering
Author(s) : KSHITIJ GAUR , NIHARIKA YADAV , SHASHANK SHEKHAR SINGH , YOG RAJ SOOD
The main objective of this paper is to evaluate the penalty or profit using Availability Based Tariff mechanism for real time imbalances between supply and demand during trading period. For existing markets, the market clearing price is based on bids received from the generators and consumers. Here, calculations are done for the generation side quadratic bid function.