Market-based congestion management

Author

Sun, David

Author_Institution

ALSTOM ESCA, Bellevue, WA, USA

Volume

1

fYear

2000

fDate

2000

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;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering Society Winter Meeting, 2000. IEEE

Print_ISBN

0-7803-5935-6

Type

conf

DOI

10.1109/PESW.2000.849941

Filename

849941