By Topic

A coordinated real-time optimal dispatch method for unbundled electricity markets

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$33 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

3 Author(s)
Xing Wang ; Brunel Univ., Uxbridge, UK ; Yong-Hua Song ; Qiang Lu

A coordinated real-time optimal dispatch method for unbundled electricity markets is proposed in this paper. With this method, pool energy auction market, ancillary services market and bilateral contract market can be coordinated by the ISO through a balancing market for the purpose of system security. To meet real-time imbalance and to eliminate transmission congestion, operating reserves, curtailment of bilateral contracts, and supplemental energy bids in the real-time balancing market (R-BM), can all be called upon in light of their bidding prices. The replacement of the operating reserves used to provide balancing energy is incorporated into the objective of the real-time optimal dispatch problem. A modified P-Q decoupled optimal power flow (OPF) is employed to implement this method. Spot pricing for the real-time dispatch is presented. The IEEE 30-bus test system and the IEEE RTS-96 test system are studied to illustrate the proposed framework

Published in:

IEEE Transactions on Power Systems  (Volume:17 ,  Issue: 2 )