Coordinating simultaneous energy transaction as an extended OPF function

Author

Huang, Garng M. ; Zhang, H.

Author_Institution

Dept. of Electr. Eng., Texas A&M Univ., College Station, TX, USA

Volume

2

fYear

2000

fDate

2000

Firstpage

1214

Abstract

This paper proposes an extended OPF function to efficiently coordinate bilateral contracts with the centralized spot market under a PoolCo environment. The transaction pairs based decomposition is developed to evaluate and compensate parallel flows caused by bilateral trades that involve contract paths. Both transmission loss cost and transmission congestion costs are formulated based upon actual system usage. The presented method is demonstrated to be efficient and accurate through simulated examples

Keywords

compensation; load flow; power transmission economics; PoolCo environment; bilateral contracts coordination; bilateral trades; centralized spot market; contract paths; extended OPF function; extended optimal power flow function; parallel flows compensation; simultaneous energy transaction coordination; transaction pairs based decomposition; transmission congestion costs; transmission loss cost; Contracts; Costs; Fluctuations; Load flow; Power generation economics; Power industry; Power system interconnection; Pricing; Propagation losses; Supply and demand;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering Society Winter Meeting, 2000. IEEE

Print_ISBN

0-7803-5935-6

Type

conf

DOI

10.1109/PESW.2000.850119

Filename

850119