Title :
Optimal power flow in a market
Author_Institution :
Energy Mark Inc., Schamburg, IL, USA
Abstract :
The value of optimal power flow (OPF) as used in a vertically integrated electric utility (VIU) is reviewed and contrasted with the business needs of the new market or partial market based electric energy businesses. The OPF optimization methods are compared to market optimization methods as the business problem changes in the market environment. The advantages and disadvantages of using OPF are reviewed. Finally, some conclusions are drawn with respect to where the effort should be directed to continue the future development of the OPF tool to maximize its value in the future
Keywords :
electricity supply industry; load flow control; optimal control; optimisation; power system control; electric energy businesses; optimal power flow; optimization methods; vertically integrated electric utility; Cost function; Decision making; Load flow; Load flow analysis; Optimization methods; Power system reliability; Power system security; Software tools; USA Councils; Voltage;
Conference_Titel :
Power Engineering Society Summer Meeting, 1999. IEEE
Conference_Location :
Edmonton, Alta.
Print_ISBN :
0-7803-5569-5
DOI :
10.1109/PESS.1999.787465
