Title :
A hierarchical approach to bargaining in power pool management
Author :
Ehtamo, Harri ; Ruusunen, Jukka ; Hämäläinen, Raimo P.
Author_Institution :
Syst. Anal. Lab., Helsinki Univ. of Technol., Espoo, Finland
fDate :
6/1/1989 12:00:00 AM
Abstract :
Co-operative operation of an electric power pool is considered. A three-level dynamic hierarchical decomposition approach to determine the intrapool power exchanges over time is proposed. The approach results in independent operation of the electric utilities. To guarantee both fair division of the cost savings achieved and feasible intrapool energy exchanges, the utilities are coordinated in the form of electric power prices
Keywords :
management; power system interconnection; bargaining; cooperative operation; hierarchical approach; intrapool energy exchanges; power pool management; power system interconnection; three-level dynamic hierarchical decomposition; Contracts; Costs; Delta modulation; Electrostatic precipitators; Energy exchange; Energy management; Power generation; Power industry; Power markets; Power measurement;
Journal_Title :
Automatic Control, IEEE Transactions on
