Title :
Power System Security Constraints In Wholesale Electricity Market Operation
Author_Institution :
ISO New England, Holyoke, MA
fDate :
Oct. 29 2006-Nov. 1 2006
Abstract :
Electricity market is designed and operated based on secure power system operation. Cost of power system security is factored into the market clearing process of the standard market design (SMD) implementation in New England wholesale electricity market. Market experiences on congestion management and pricing in day-ahead and real-time energy markets will be reviewed. Challenges on cost-effective constraint enforcement in future market development and design will be discussed
Keywords :
power markets; power system security; pricing; New England; SMD; congestion management; cost; electricity market; market clearing process; power system security; pricing; standard market design; Costs; Electricity supply industry; Energy management; Linear programming; Power generation economics; Power system management; Power system security; Pricing; Real time systems; Signal generators;
Conference_Titel :
Power Systems Conference and Exposition, 2006. PSCE '06. 2006 IEEE PES
Conference_Location :
Atlanta, GA
Print_ISBN :
1-4244-0177-1
Electronic_ISBN :
1-4244-0178-X
DOI :
10.1109/PSCE.2006.296346
