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Real time ramp model in midwest iso co-optimized energy and ancillary service market design

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7 Author(s)

The purpose of this paper is to describe various methods for utilizing ramp capability in the Midwest ISO co-optimized real time energy and ancillary service market design. A critical component of successful market design is to improve market economic efficiency as well as grid reliability. The paper compares studies on various proposed ramp models. Examples on both 5-bus and Midwest ISO system are used to demonstrate their impacts on dispatch results and pricing.

Published in:

Power & Energy Society General Meeting, 2009. PES '09. IEEE

Date of Conference:

26-30 July 2009