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Dispatching in Unbundled Electricity Markets

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Abstract

Throughout the world, unprecedented reform and restructuring of the electric power industry has imposed tremendous challenges on the operation of power systems under this new environment. Regardless of the market structures that may emerge in various parts of the world, system security, reliability, and quality of supply must be maintained. Faced by an increasingly complicated co-existence of technical and economical considerations, new computational tools and software systems are in great demand by generators, system operators, retailers, and other market participants to help them to meet operating, scheduling, planning, and financial requirements. This chapter covers all the major operational issues, such as scheduling and dispatch, congestion management, available transfer capability calculation, price forecasting and optimal bidding strategies.

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Author information

Authors and Affiliations

  1. Electrical Engineering, University of Liverpool, , United Kingdom

    Yong-Hua Song

  2. Lecturer, Beihang University, , China

    Jing Sun

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  1. Yong-Hua Song
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  2. Jing Sun
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Editors and Affiliations

  1. School of Humanities and Social Sc., Dept. Strategic Management and, International University of Bremen, Campus Ring 1, Bremen, 28759, Germany

    Andreas Bausch

  2. Roland Berger Strategy Consultants GmbH, Am Sandtorkai 41, Hamburg, 20457, Germany

    Burkhard Schwenker

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Song, YH., Sun, J. (2008). Dispatching in Unbundled Electricity Markets. In: Bausch, A., Schwenker, B. (eds) Handbook Utility Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-79349-6_31

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