Title :
Dynamic security enhancement in power-market systems
Author :
David, A. Kumar ; Lin, Xujun
Author_Institution :
Dept. of Electr. Eng., Hong Kong Polytech. Univ., Kowloon, China
fDate :
5/1/2002 12:00:00 AM
Abstract :
The work presented in this paper describes a scheme for rescheduling pool generation and adjusting contract-transactions for dynamic security enhancement when necessary, using a power market auction mechanism. The procedure is based on the transient energy margin concept, which is estimated using the corrected hybrid method of transient stability analysis. This index is selected because of useful linearity properties which it possesses with respect to certain important problem control variables. The proposed scheme brings together both technical and economic considerations and the procedure is illustrated using the New England System data set
Keywords :
electricity supply industry; power system economics; power system security; power system transient stability; contract-transactions; deregulated power systems; dynamic security enhancement; economic considerations; pool generation rescheduling; power market auction mechanism; power-market systems; technical considerations; transient energy margin concept; transient stability analysis; Hybrid power systems; ISO; Power generation; Power markets; Power system dynamics; Power system security; Power system stability; Power system transients; Time domain analysis; Transient analysis;
Journal_Title :
Power Systems, IEEE Transactions on
DOI :
10.1109/TPWRS.2002.1007914
