The deregulation of power industry is restructuring of rules of monopoly, hence bringing in more private players to sell or buy the electricity as a commodity. The power and price values are bid by the respective generation companies (GENCO’s) and distribution companies (DISCOM’s) through the electronic mode. There are various complex computing methods for determining the optimum price among which the power exchange curve method is discussed herewith. By plotting demand and supplier power characteristics curves, the intersection point, MCP (Market clearing price) can be determined. MCP calculation is one of the most important functions of a power pool operator. Its main objective is to maximize the Global welfare function where the generating companies and the consumers are benefited and unbiased. The MCP is calculated using MATLAB software and the winning bidders of the current market are found. The power obtained for the winning supplier then undergoes optimum scheduling for generation optimization namely, supply side management. The power optimization includes Unit Commitment (UC) and selected units to be committed undergo Economic Load Dispatch (ELD). For practical implacability, the supply side power management is implemented using Programmable Logic Controller (PLC) communicated through the Supervisory Control and Data Acquisition (SCADA) system.
R. Abhilash, Adithya, K., O Kumar, K., Balaji, T. J., K.R.M., V. Chandrakal, and Dr. Balamurugan S., “PLC-SCADA Based Supply Side Management in Deregulated Power Market”, WSEAS Transactions on Power Systems, vol. 10, pp. 97-104, 2015.