Title :
Midwest ISO experience with reliability unit commitment
Author_Institution :
Midwest ISO, IL
Abstract :
As part of managing of system reliability, Midwest ISO operates a reliability unit commitment market. The panel speaker speaks about the recent opening of the day-ahead and real-time EMP based markets and in particular experiences and challenges with operating the reliability unit commitment market including: 1) ability to handle load forecast errors; 2) look-forward RUC studies: seven-day ahead, day ahead, and hour ahead; and 3) maintaining legitimate market price signals for real time energy market
Keywords :
load forecasting; power engineering computing; power generation dispatch; power generation economics; power generation reliability; power generation scheduling; power markets; pricing; Midwest ISO experience; load forecast errors; market price signals; real-time EMP based markets; reliability unit commitment; reliability unit commitment market; system reliability; Economic forecasting; Energy management; ISO standards; Interconnected systems; Power generation economics; Power markets; Power system interconnection; Power system planning; Power system reliability; Power transmission;
Conference_Titel :
Power Engineering Society General Meeting, 2006. IEEE
Conference_Location :
Montreal, Que.
Print_ISBN :
1-4244-0493-2
DOI :
10.1109/PES.2006.1709596
