Evolution of computing requirements in the PJM market: Past and future

Author

Ott, Andrew L.

Author_Institution

PJM Interconnection llc, Norristown, PA, USA

fYear

2010

fDate

25-29 July 2010

Firstpage

1

Lastpage

4

Abstract

This paper discusses the implementation of successful computational innovations that have occurred to support the evolution of the PJM competitive wholesale electricity market. These innovations include the implementation of Mixed-integer programming based unit commitment, multi-stage real-time dispatch and software to support our perfect dispatch concept. The paper discusses the efficiency gains that the market experienced when these innovations were successfully incorporated into the market clearing processes at PJM. The paper will also overview computational challenges that must be overcome to support further evolution of the competitive wholesale and retail electricity markets.

Keywords

integer programming; power engineering computing; power generation dispatch; power markets; power system interconnection; retailing; PJM; competitive wholesale electricity market; computing requirements; market clearing processes; mixed integer programming; multistage real-time dispatch; retail electricity markets; unit commitment; Electricity Market; Financial Transmission Right; Mixed Integer Programming; Regional Transmission Organization; Unit Commitment;

fLanguage

English

Publisher

ieee

Conference_Titel

Power and Energy Society General Meeting, 2010 IEEE

Conference_Location

Minneapolis, MN

ISSN

1944-9925

Print_ISBN

978-1-4244-6549-1

Electronic_ISBN

1944-9925

Type

conf

DOI

10.1109/PES.2010.5589842

Filename

5589842