Title :
Optimization of energy imbalance market of regional transmission organization
Author :
Chaoan, Li ; Shuti, Fu ; Su, Yi ; Xiaomin, Bai
Abstract :
This paper presents an optimization approach for real-time imbalance market supported and operated by the regional transmission organization (RTO) or alliance regional transmission organization (ARTO). The revised simplex-based linear programming is used for determining the market clearing prices. The imbalance market is performed every 5 minutes cyclically for three future 5-minute intervals. A study case of 3 areas, 8 generation and 2 load participants has been tested and satisfactory results are illustrated.
Keywords :
electricity supply industry; linear programming; power transmission economics; alliance regional transmission organization; economic dispatch; energy imbalance market optimisation; load participants; market clearing prices; regional transmission organization; simplex-based linear programming; Chaos; Costs; Economic forecasting; Linear programming; Load forecasting; Power generation; Power generation economics; Propagation losses; Scheduling; Testing;
Conference_Titel :
Power System Technology, 2002. Proceedings. PowerCon 2002. International Conference on
Print_ISBN :
0-7803-7459-2
DOI :
10.1109/ICPST.2002.1047533
