DocumentCode :
1967085
Title :
Momentary power market
Author :
Stoilov, Dimo ; Stoilov, Luben ; Stoilov, Georgi
Author_Institution :
Tech. Univ. of Sofia, Sofia
fYear :
2008
fDate :
18-20 May 2008
Firstpage :
419
Lastpage :
424
Abstract :
A power system is explained, which is characterized by the continuous formation and propagation of dynamic prices. The following additional equipments are installed: - a bidder, installed at the control room of each generation unit; - a scheduler and price designator installed at the control board of the system operator; - a price announcer installed at the control room of each generation unit; - a price ldquotransmuterrdquo installed at each grid node; - an intelligent electric meter installed at each grid branch and consumer outlet. All these devices run together in a sequential iterative process of preliminary bidding, clearing, adjustment and dispatching, followed by price designation, confirmation and conversion. This system enables the consumers to receive power and resulting price simultaneously for automatic control of their demand during every single price period, several seconds or minutes long.
Keywords :
iterative methods; power generation control; power generation dispatch; power generation scheduling; power markets; pricing; automatic control; intelligent electric meter; power generation scheduler; power market; power system dispatch; price designation; sequential iterative process; Automatic control; Control systems; Electricity supply industry; Mesh generation; Power generation; Power markets; Power system dynamics; Power system modeling; Power systems; Real time systems; Dynamic Prices continuous formation and propagation; Physical Trading; Power System;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Electro/Information Technology, 2008. EIT 2008. IEEE International Conference on
Conference_Location :
Ames, IA
Print_ISBN :
978-1-4244-2029-2
Electronic_ISBN :
978-1-4244-2030-8
Type :
conf
DOI :
10.1109/EIT.2008.4554339
Filename :
4554339
Link To Document :
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