Financial Instruments and Their Role in Market Dispatch and Congestion Management
In Chapters 4 and 6, congestion management in the real-time operation of electricity markets has been discussed. A framework was proposed and implemented, in which the Independent System Operator (ISO) can balance the system and relieve transmission congestion coordinatedly and efficiently through a real-time balancing market. This chapter is about how to avoid and manage transmission congestion during short-term (day-ahead to hour-ahead) scheduling of electricity markets.
Unable to display preview. Download preview PDF.
- J. Bushnell, S. Stoft: “Electric Grid Investment Under a Contract Network Regime” (1995), POWER Working Papers, University of California Energy Institute, PWP-034 Google Scholar
- R. S. Fang, A. K. David: “Optimal dispatch under transmission contracts”(1999), IEEE Trans. 14, (2), pp. 732–737Google Scholar
- M. I. Alomoush, S. M. Shahidehpour: “Fixed transmission rights for zonal congestion management”(1999), IEE Proceedings on Generation, Transmission and Distribution., 146, (5), pp. 471–476Google Scholar
- R. S. Fang, A. K. David: “Optimal dispatch under transmission contracts”(1999), IEEE Trans., 14, (2), pp. 732–737Google Scholar
- Wang Xing and Y. H. Song: “Advanced Real-Time Congestion Management through Both Pool Balancing Market and Bilateral Market” (2000), IEEE Power Engineering Review, 20(2), pp.47–49Google Scholar
- R. Rajaraman, J. V. Sarlashkar, and F. L. Alvarado: “The effect of demand elasticity on security prices for the poolco and multi-lateral contract model”(1997), IEEE Trans., 12, (3), pp. 1177–1184Google Scholar
- M. L. Baughman, and S. N. Siddiqi: “Real-time pricing of reactive power: theory and case study results” (1991), IEEE Trans., 6, (1), pp. 23–29Google Scholar