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ERCOT has moved from a zonal market to an advanced nodal market since December 2010. In ERCOT, combined cycle trains (CCT) contribute a significant share of its total installed capacity. Therefore, how to accurately and efficiently model the CCT is one of the key factors for a successful EROCT nodal market. In order to facilitate market operations and ensure the system reliability, the ERCOT nodal...
Security constrained optimal power flow programs are important tools for ensuring correct dispatch of supply while respecting the many constraints imposed by the delivery system. In addition to getting the dispatch right, locational prices must be calculated with equal precision in order to infuse market participants with the proper incentives for operation and investment. In this paper we discuss...
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