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This paper examines leading business and technological drivers for high performance computing, and presents example applications that stress today's computation limits.
This paper discusses the functional design of the new ancillary service markets (ASM) of ISO New England under the framework of standard market design (SMD). The re-introduction of ancillary service markets into ISO New England's wholesale electricity market is envisioned to correctly value and price the actions necessary to prepare for and maintain the reliability of power system dispatch in conjunction...
With accumulation of experiences in the operation of competitive electricity markets, it is now generally acknowledged that locational marginal pricing (LMP) is a fundamental element of robust market design that unifies the potentially conflicting drivers for physical system security and competitive market economics. This paper focuses on the fundamentals of LMP, and clarifies a few issues about the...
The reliability unit commitment (RUC) process produces physically secure schedules. The RUC schedule reflects the RTO's responsibility to maintain physical system security. It is also important that, in creating the RUC schedule, the RTO should minimize any undue interference to market performance caused by market participant behaviors. The challenge with good RUC scheduling lies in the need to maintain...
Summary form only given. This presentation summarizes experiences with implementation of an FTR system including obligations and options at PJM. Main topics include: a brief review of the PJM FTR market project, a description of forward and option FTRs, a discussion of the short and long term FTRs, performance challenges, and the description of the FTR auction market system
Prior to competitive electricity markets, transmission rights are typically physical rights which are required to schedule physical MW flows across the grid requires physical rights. To alleviate overloads, schedules may be curtailed based on the relative priority of their physical transmission rights. In the locational marginal pricing (LMP)-based congestion management scheme, energy bids are deployed,...
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