Abstract
The paper demonstrates the application of mathematical optimization (non-linear, mixed integer problem) to solve the transportation problem for a multi-node capacity market. Proposed the model that assures adequate cost minimizing generating resources selection and prices capacity within every node on the basis of price bids of market participants and power system structure, and suggest electric power flow distribution. The proposed method of deficiency nodes allocation and pricing can be used for estimation of additional (deficient) capacity value.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Ahuja, R., Magnanti, T., Orlin, J.: Network Flows: Theory, Algorithms, and Applications. Prentice-Hall, Inc., Upper Saddle River (1993)
Bohn, R.E., Caramanis, M.C., Schweppe, F.C.: Optimal Pricing in Electrical Networks Over Space and Time. Rand Journal of Economics 15, 360–376 (1984)
Schweppe, F.C., Caramanis, M.C., Tabors, R.D., Bohn, R.E.: Spot Pricing of Electricity. Kluwer Academic Publishers, Norwell (1988)
O’Neill, R.P., Baldick, R., Helman, U.: Dispatchable transmission in RTO markets. IEEE Transactions on Power Systems 20(1), 171–179 (2005)
Fisher, E., O’Neill, R., Ferris, M.: Optimal transmission switching. IEEE Transactions on Power Systems 23(3), 1346–1355 (2008)
Ruiz, P.A., Rudkevich, A., Caramanis, M.C., Goldis, E., Ntakou, E., Philbrick, C.R.: Reduced MIP formulation for transmission topology control. In: Proc. 50th Allerton Conf. on Communications, Control and Computing, Monticello, IL, pp. 1073–1079 (2012)
Rudkevich, A.M., Lazebnik, A.I., Sorokin, I.S.: A Nodal Capacity Market to Assure Resource Adequacy. In: IEEE Proceedings of 45th Hawaii International Conference on System Sciences, pp. 1876–1887 (2012)
Germeyer, Y.B.: Introduction to the Theory of Operations Research, Nauka, Moscow (1971)
Zimmerman, R.D.: Matpower 4.0b4 User’s Manual, Power Systems Engineering Research Center (Pserc) (2010)
Zimmerman, R.D., Murillo-Sánchez, C.E., Thomas, R.J.: MATPOWER’s Extensible Optimal Power Flow Architecture. In: 2009 IEEE Power and Energy Society General Meeting, pp. 1–7 (2009)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2015 Springer International Publishing Switzerland
About this paper
Cite this paper
Dolmatova, M. (2015). Optimal Nodal Capacity Procurement. In: Le Thi, H., Pham Dinh, T., Nguyen, N. (eds) Modelling, Computation and Optimization in Information Systems and Management Sciences. Advances in Intelligent Systems and Computing, vol 360. Springer, Cham. https://doi.org/10.1007/978-3-319-18167-7_36
Download citation
DOI: https://doi.org/10.1007/978-3-319-18167-7_36
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-18166-0
Online ISBN: 978-3-319-18167-7
eBook Packages: EngineeringEngineering (R0)