Title :
Market-based congestion management
Author_Institution :
ALSTOM ESCA, Bellevue, WA, USA
Abstract :
Trading electricity products is significantly different from trading other commodities. The differences must be recognized in the design of electricity markets. Effective operation of competitive electricity markets requires judicious integration of the fundamentals of market economics with physical characteristics of operating the power system. Among the market design issues most unique to electricity markets are managing transmission congestion and scheduling ancillary services. In this paper, the author summarizes effective congestion management rules that have been developed and deployed in physically operational markets
Keywords :
electricity supply industry; load flow control; power system interconnection; power transmission control; ancillary services scheduling; competitive electricity markets; congestion management rules; electric power industry; electricity markets design; electricity products trading; market economics; market-based congestion management; power system operating characteristics; transmission congestion management; Electricity supply industry; Energy management; Financial management; Power generation economics; Power system economics; Power system management; Risk management; Security; Signal generators; Sun;
Conference_Titel :
Power Engineering Society Winter Meeting, 2000. IEEE
Print_ISBN :
0-7803-5935-6
DOI :
10.1109/PESW.2000.849941
