Abstract
Chapter 7 analyses the dynamic security issue in the restructuring power market. A general framework is proposed to manage this issue in combination with the market mechanism and the power system intrinsic characteristics. Under this framework, the Security Management Market has been specially set up and categorised into several markets based on the market nature of the participants. By bidding into the respective market with their offers, different market participants provide their own control measures for utilisation under emergencies. Based on the available resources in this market, ISO would secure the system in the most economic way. Numerical examples are presented to illustrate the proposed framework.
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Ma, J., Lu, Q., Song, Y.H. (2003). Dynamic Congestion Management. In: Song, YH., Wang, XF. (eds) Operation of Market-oriented Power Systems. Power Systems. Springer, London. https://doi.org/10.1007/978-1-4471-3735-1_7
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DOI: https://doi.org/10.1007/978-1-4471-3735-1_7
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