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Evaluating transmission congestion constraints in system planning

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3 Author(s)
Finney, J.D. ; ABB Power T&D Co. Inc., Raleigh, NC, USA ; Othman, H. ; Rutz, William L.

The formulation of a Poolco model suitable for power system planning is presented. The model involves only slight enhancement to existing conventional power system software and directly enables the calculation of spot prices and a bid-based dispatch. Included is a method for decomposing spot prices to reveal components caused by system congestion. An example illustrates how financial hedges that are traded in the Poolco scenario will affect system planning decisions

Published in:

Power Systems, IEEE Transactions on  (Volume:12 ,  Issue: 3 )

Date of Publication:

Aug 1997

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