A security-constrained energy and spinning reserve markets clearing system using an interior-point method

Author

Madrigal, Marcelino ; Quintana, Victor H.

Author_Institution

Inst. Tecnologico de Morelia, Mexico

Volume

15

Issue

4

fYear

2000

fDate

11/1/2000 12:00:00 AM

Firstpage

1410

Lastpage

1416

Abstract

A model and solution approach to a daily energy and spinning-reserve electricity markets clearing system is presented in this paper. The model considers offers for energy supply and spinning reserve, bids for demand of energy and re-schedulable bilateral contracts. System security is taken into account by using a direct-current model. The model represents the clearing system used by an ISO in charge of both the market and system security, The clearing system is formulated as an optimization problem which is solved using an interior-point method (IPM), taking advantage of the problem´s special structure

Keywords

contracts; electricity supply industry; power system security; ISO; clearing system; direct-current model; electricity markets clearing system; energy demands; energy supply; interior-point method; optimization problem; re-schedulable bilateral contracts; security-constrained energy market clearing system; spinning reserve; spinning reserve market clearing system; system security; Contracts; Electricity supply industry; Electricity supply industry deregulation; Frequency; ISO; Job shop scheduling; Optimization methods; Power system security; Spinning; Voltage;

fLanguage

English

Journal_Title

Power Systems, IEEE Transactions on

Publisher

ieee

ISSN

0885-8950

Type

jour

DOI

10.1109/59.898120

Filename

898120