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Midwest iso co-optimization based real-time dispatch and pricing of energy and ancillary services

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3 Author(s)
Xingwang Ma ; Electr. Market Consulting Inc., Bellevue, WA, USA ; Yonghong Chen ; Jie Wan

Midwest ISO's real-time market design with energy and ancillary service co-optimization is reported in this paper. The key components of Midwest ISO's real-time market are described including intra-day reliability commitment, transmission security management, real-time dispatch and pricing. The RT SCED formulation at the core of the real-time dispatch and pricing market is presented. Numerical examples are included to illustrate the primary features of the real-time market.

Published in:

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

Date of Conference:

26-30 July 2009