Title :
A new congested flowgate ranking strategy in MISO Market Efficiency Planning Study
Author :
Rui Bo ; Hecker, Liangying ; Yang Gu ; Okullo, James ; Bakke, Jordan ; Ming Ni
Author_Institution :
Midwest Indep. Transm. Syst. Operator (MISO), St. Paul, MN, USA
Abstract :
In MISO Market Efficiency Planning Study, a critical task is to pick from congested flowgates the ones that have the most potential economic benefits. A new ranking strategy, Estimated Potential Benefit (EPB), is proposed. To compare the performance of the new proposed ranking strategy with commonly used ones, ranking correctness index is introduced as a quantitative measure. EPB not only has the most comparable physical meaning to the actual potential benefit, but also has been verified to outperform other ranking strategies, especially when only the very top ranked flowgates are to be picked.
Keywords :
power markets; power transmission economics; power transmission planning; EPB; MISO market efficiency planning study; congested flowgates; estimated potential benefit; ranking correctness index; ranking strategy; Computational modeling; Economics; Indexes; Mathematical model; Planning; Production; Software; congested flowgates; cost allocation; economic benefit; flowgate ranking; power markets;
Conference_Titel :
Power and Energy Society General Meeting (PES), 2013 IEEE
Conference_Location :
Vancouver, BC
DOI :
10.1109/PESMG.2013.6672487
