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Financial Instruments and Their Role in Market Dispatch and Congestion Management

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

Abstract

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.

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Copyright information

© Springer-Verlag London 2003

Authors and Affiliations

  • X. Wang
  • Y. H. Song
  • M. Eremia

There are no affiliations available

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