By Topic

Auction market simulator for price based operation

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

2 Author(s)
Kumar, J. ; Dept. of Electr. Eng. & Comput. Eng., Iowa State Univ., Ames, IA, USA ; Sheble, G.

Through the passage of new public utility regulatory policies, the US Federal Energy Regulatory Commission (FERC) encourages an open market system for price based operation. A previous paper describes a framework for price based operation and the associated technical issues in an auction market structure. This paper presents an auction market simulator to experimentally study the aspects of power system operation in a price-based environment. The proposed simulator can also be used as a tool to train system operators how to perform electric power transaction in the deregulated environment. This paper presents the simulation results of auction market for price based operation in the 24-bus, 10-generator IEEE Reliability Test System

Published in:

Power Systems, IEEE Transactions on  (Volume:13 ,  Issue: 1 )