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With the emission reduction scheme introduced, increasing number of wind farms have been planned and/or installed in many countries. In this paper, issues with wind power connection to the existing power grid are discussed, with particular emphasize on system operations and planning aspects. In addition to power system analysis, implications of wind power impacts on the electricity market operations...
The implementation of emission certificates in Europe in 2005 has lead to new uncertainties especially for power companies resulting in additional costs for the power generation. The introduction of certificates goes along with political conditions and objectives particularly in the European Union until 2020. In consequence, these regulations take influence on the power plant scheduling as well as...
Defining and evaluating operational equilibriums in real-time market, constrained by operation risks and economical biddings, is in the center of market operation and its enhancement. For example, in the two-settlement market design, reliability unit commitment is an important stage to bridge day-ahead market with Real-time system operation, which commits additional units to cover forecasted load...
A confluence of industry drivers including increased deployment of renewable generation, cost for managing grid peak demands, and capital investments in grid infrastructure for reliability and smart grid initiatives are creating a new interest in electric energy storage systems. This paper will review the role and value of energy storage systems to the electric grid. It will present findings from...
The ISO market design has evolved over time using traditions development, economic theory, power system operations heuristics and operational experience. Early market design made simplifying assumptions and approximations often due to the inability to solve the more detailed design. Complicating features in market design such as reactive power, unit commitment, switching of transmission assets, renewable...
A methodology based on data mining techniques to support the analysis of zonal prices in real transmission networks is proposed in this paper. The mentioned methodology uses clustering algorithms to group the buses in typical classes that include a set of buses with similar LMP values. Two different clustering algorithms have been used to determine the LMP clusters: the two-step and K-means algorithms...
We examine the impact of the friction that exists between wholesale energy markets and system operations on the efficiency of the market outcomes. We elaborate on some basic implications of system operation practices on the design of wholesale energy markets. This analysis is intended to provide a basis for enhancements to existing principles of system operation and bridge the gap between energy market...
The aim of the present paper is that of assessing the role of the transmission system in a liberalized electricity market, pointing out that the presence of transmission capacity limits may influence the market outcomes and above all it may make profitable a strategic behaviour rather than a competitive one by one or more producers. From this point of view, the transmission system development becomes...
Summary form only given: In power market studies, the forecast of locational marginal price (LMP) relies on the load forecasting results from the viewpoint of planning. It is well known that short-term load forecasting results always carry certain degree of errors mainly due to the random nature of the load. At the same time, LMP step changes occur at critical load levels (CLLs). Therefore, it is...
Asymmetric information in the electricity market creates incentive for customer aggregators (ESCOs, EMCOs, LSEs, etc.) to bid strategically as new information arrives. Such companies are pooling demand to provide enhanced services to customers. Since such demand pooling companies are not defined generically, all types of demand pooling companies will be termed demand serving company (DSC) to not confuse...
Before deregulation, th Korea Electric Power Corporation (KEPCO) had been a vertically integrated monopoly over power generation, transmission, and distribution. However, the generation competition market based on Cost based pool (CBP) began in April, 2001. The KEPCO generation department has been allocated into six independent GenCos. Before the reform of the power industry that took place in South...
Contingency analysis is a key function in the Energy Management System (EMS) to assess the impact of various combinations of power system component failures based on state estimation. Contingency analysis is also extensively used in power market operation for feasibility test of market solutions. High performance computing holds the promise of faster analysis of more contingency cases for the purpose...
Deregulated electricity markets in the U.S. currently minimize total bid costs to select bids and their generation levels but determine payments based on market clearing prices. The inconsistency between auction and settlement mechanisms can lead to a significantly higher consumer payment. This gives rise to the “payment cost minimization,” an alternative auction mechanism that minimizes consumer...
A methodology based on the security-constrained unit commitment (SCUC) is applied to analyze the transmission congestion in the Eastern Interconnection of the United States for 2008 and 2018. The proposed SCUC tool for this study is referred to as the POwer Market Simulator (POMS). The identified congestions are visualized along with the Geographical Information System (GIS) data and compared with...
This paper presents a useful and practical approach for assessing the impact of electric vehicles on the electric power distribution system while keeping to a manageable volume of detailed circuit and equipment studies. This paper addresses electric vehicles as an electric load only and does not consider the potential of the vehicle being a generation source. It also only addresses the substation,...
This paper presents how the two types of dynamic limits (dynamic interface limit and dynamic unit group limit) are implemented and enforced in a market clearing engine (MCE) based generation scheduling system, developed by AREVA T&D for North China Grid Company (NCG).
Demand response (DR), coupled with smart-grid technologies, will be a big initiative for energy companies in the US for the next 3-5 years. This paper summarizes the key technical and IT challenges that will need to be solved to properly deploy DR at the wholesale and retail levels.
Ensuring system reliability and security while operating electricity markets is the primary responsibility of independent system operators. Maintaining system security in real-time is a significant challenge due to limited time frame permitted for analyzing and responding to security issues. This paper focuses on the applications designed to address static security in the real-time operations of ERCOT...
From the early days of Edison and Westinghouse, the educational institutions have played catch up with the developments in the electric energy industry. In those early years, the terms Electrical Engineering and Power Systems Engineering were used synonymously. Over the past two decades, the number of colleges and universities offering graduate degree programs in Electric Power Systems has dwindled,...
This paper presents a Common Information Model (CIM) based modeling process for PJM Market Management Systems (MMS). CIM network model is imported into MMS via a static model importer, which also serves as the model manager for the commercial model. In addition, standard CIM is extended for enterprise master data modeling processes. CIM compliant messages are used for data transfers between different...
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