Electronic scheduling-next generation

The electric industry worldwide is undergoing a fundamental restructuring to deregulate key elements of the business and subject them to competition. The unbundling of generation, transmission and distribution alters the nature of the traditional planning and operation approaches used by the vertically integrated utility. Profound changes are expected in the planning and operation of the power system in the emerging market structures. The magnitude of these changes can be best understood by the fact that completely new institutions (e.g., the power exchanges, the pool operators, the ISOs) independent from the existing utilities are being created to manage and oversee power system planning and operation. This paper describes the impact of restructuring on power application programs requirements in particular focussing on energy scheduling and its future developments.