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In support of work to assess and ensure the reliability and resiliency of Florida's power generation, transmission, and distribution system as load and generation evolve in future years, groundwork is presented for the development of an open, dynamic model of the Florida grid and geographically distributed projections for growth in load and generation within the state. Using load forecasts provided...
This paper presents a method for estimating the parameters of dynamic models for induction motor dominating loads. Using particle swarm optimization, the method finds the adequate set of parameters that best fit the sampling data from the measurement for a period of time, minimizing the error of the outputs, active and reactive power demands and satisfying the steady-state error criterion.
This paper proposes a novel technique to forecast day-ahead electricity prices based on Panel Cointegration (PC). The current researches on the electricity price forecasting focus on the analysis of unstable economic time series. However, due to the difference of the allocation of power resource and consumption in different regions, the time series of electricity consumption and sales price in a single...
California Independent System Operator Corporation (CAISO) is a not-for-profit public benefit corporation in charge of managing the electricity flow along California's open-market wholesale power grid. Recently, the CAISO implemented the nodal LMP electricity market based on full network model and upgraded its infrastructure with new state of the art technology. The implementation of new electricity...
The ability of the liberalised energy markets to trigger investment in the generation capacity required to maintain an acceptable level of security of supply risk has been - and will continue to be - a topic of much debate. Modelling the dynamics of investment in generation capacity can inform this debate. More precisely, if investment is viewed as a negative feedback control mechanism with energy...
Security and economy are long standing underpinnings for power system operation. The evolution from regulated utility operation to competitive markets operation led to more formalized treatment of economy and security concerns through the deployment of market clearing applications that are based mathematical programming methods. Among the most common market clearing applications are security-constrained...
Since models form the basis for most power system studies, power system model validation is an essential procedure for maintaining system security and reliability. The procedure may be viewed as a “top-down” approach to model verification; comparisons with measured data indicate the quality of the overall model. Analysis of the differences demonstrates which subsystem component models need to be revalidated...
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