Title :
The uses and misuses of OPF in competitive market structures
Author_Institution :
Dept. of Electr. & Comput. Eng., Illinois Univ., Urbana, IL
Abstract :
The paper reviews the formulation of optimal power flow (OPF) and its role in dispatch. It then outlines possible uses of OPF market structures and describe the major drawbacks. The use of OPF for market players with a portfolio of generating units, however, is an appropriate and useful application of OPF in competitive markets. The OPF in such cases is a useful tool to determine the most cost-effective approach to discharge certain contracted market obligations since there is a centrally controlled single ownership situation. The application of OPF in such cases is reviewed. The paper emphasizes the limitations and capabilities of applying the OPF tool in market structures
Keywords :
electricity supply industry; load flow control; optimal control; power system control; competitive market structures; contracted market obligations; cost-effectiveness; electric power industry; generating units; load dispatch; optimal power flow; Centralized control; Contracts; Decision making; Environmental economics; Load flow; Meeting planning; Power generation economics; Power system interconnection; Power system management; Power system planning;
Conference_Titel :
Power Engineering Society Summer Meeting, 1999. IEEE
Conference_Location :
Edmonton, Alta.
Print_ISBN :
0-7803-5569-5
DOI :
10.1109/PESS.1999.787464
