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Coordinated Real-time Dispatch of Unbundled Electricity Markets

  • X. Wang
  • Y. H. Song
  • M. Tan
Part of the Power Systems book series (POWSYS)

Abstract

As with other commodities markets, electricity markets should also be fully open and encourage competition among participants. However, because electrical energy cannot be stored in large amounts for a long time, deregulated unbundled electricity markets need a centralised control, which is the Independent System Operator (ISO), to keep the power system operating in line with security, economy, and reliability criteria. The functions of the ISO have been presented in Chapter 1.

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Copyright information

© Springer-Verlag London 2003

Authors and Affiliations

  • X. Wang
  • Y. H. Song
  • M. Tan

There are no affiliations available

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