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It is well known that power system operations are often constrained by transmission congestions which reflect the physical restrictions intrinsic to the power system itself. The power market running on top of the system is also constrained by factors such as primary energy, emissions, technical support, as well as multi-player gaming among market participants including regulators. In this paper, we...
In market environment, the decisions of generation and network planning are made by separate economic entities, rather than one integrated utility. Because of the physical connection between generation and network, it is necessary to coordinate the two kinds of planning and solve the conflicts between the subjective individual game actions in economic and the objective law in physical. The current...
There are two compensation methods for interruptible loads (ILs), namely low price compensation before supply unavailability and high price compensation after supply unavailability. Low price compensation is independent of power supply unavailability, while the high compensation is performed only after actual power supply unavailability. However, the IL with low price (ILL) and the IL with high price...
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