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In the market operation, it is a very important task to effectively master and manage the dynamic behaviors of power market. In the dynamic modeling of power market, the dynamic models only describe the simple relationship between supply and demand, not to reflect complex market behavior, and thus are out of accord with actual power market. In order to take into account the complex relationship among...
Transaction curtailment has become an indispensable method of relieving transmission congestion to maintain system security and reliability in the bilateral transaction model. There are mainly two types of existent curtailment models, in which the NERC model and minimum overall curtailment model are typical. In this paper, the curtailment characteristics of the two models are first analyzed qualitatively,...
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