Market Operations in Electric Power Systems

Shahidehpour, Mohammad; Yamin, H.Y.; Li, Zuyi

doi:10.1002/047122412x

Cited by 1,349 publications

(568 citation statements)

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“…Many transmission charge payment mechanisms have been proposed in literature which most of them consist of two components related to active and reactive power flow (Shahidehpour, Yamin, & Li, 2002). MVAr-Mile is a usual method for transmission pricing which considers reactive power transmitted through the network lines (Shahidehpour, Yamin, & Li, 2002).…”

Section: Transmission Charge Paymentmentioning

confidence: 99%

“…The system operator should pay charge to transmission owner according to length of the line (mile), the cost per MVAr per unit length of the line ($/MVAr-mile) and the magnitude of reactive power flow on the line. This manner can be formulated as below (Shahidehpour, Yamin, & Li, 2002):…”

Section: Transmission Charge Paymentmentioning

confidence: 99%

“…Among different issues in deregulated environments, ancillary services are one of the most important subjects which have essential role in power system operation and security (Shahidehpour, Yamin, & Li, 2002;. According to FERC Order No.888, there are six different ancillary services (FERC Staff Report, 2005).…”

Section: Introductionmentioning

confidence: 99%

“…In most electricity markets, transmission owners and operators are paid for transferring electrical power through the lines. Several approaches have been proposed for transmission charge payment most of which depend on transmission lines power flow (Shahidehpour, Yamin, & Li;. Therefore, reactive power schedule influences the transmission charge payment and consequently total market payment.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

An Economic Based Approach for Optimal and Secure Reactive Power Provision in Deregulated Environments

Kargarian¹,

Ebrahimi²,

Sarikhani³

2011

MAS

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In deregulated electricity markets, reactive power provision is one of the most important ancillary services which is vital for reliable and secure operation of the system. In all electricity markets, economic issues play an important role in market scheduling. This paper presents an algorithm to find optimal reactive power market schedule. The proposed algorithm seeks to minimize a novel three-component payment function which precisely considers economic issues in the market. Two first parts of this function are reactive power provision cost and transmission loss payment. Moreover, another important part of this payment function, which has not considered in the time of reactive power market clearing in literature, is transmission charge payment. As it is shown in simulation results, this term of the function can importantly impact on final reactive power market schedule and consequently on total market payment and final market schedule. Furthermore, due to significant impact of reactive power on system voltage stability, the algorithm tries to schedule reactive power market with an adequate voltage security margin. Sequential quadratic programming is employed to clear the algorithm which is a nonlinear constrained optimization problem. The proposed algorithm is applied on IEEE-24 bus test system with satisfactory results.

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Section: Transmission Charge Paymentmentioning

confidence: 99%

Section: Transmission Charge Paymentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

An Economic Based Approach for Optimal and Secure Reactive Power Provision in Deregulated Environments

Kargarian¹,

Ebrahimi²,

Sarikhani³

2011

MAS

View full text Add to dashboard Cite

show abstract

“…Several recent reviews show that multi-agent systems research in the power systems domain is well-established [18,36,66,67,83,92]. While their original application was often for power system market simulation [85], they have also been used in the context of power system stability control [71]. And yet, the prevailing intention behind these developments is the decentralization of a particular decision-making/control algorithm rather than the development of resilience as a system property.…”

Section: Introduction: Resilience In Power System Coordination and Controlmentioning

confidence: 99%

Multi-Agent System Design Principles for Resilient Coordination & Control of Future Power Systems

Farid

2015

Intell Ind Syst

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Recently, the academic and industrial literature has coalesced around an enhanced vision of the electric power grid that is intelligent, responsive, dynamic, adaptive and flexible. One particularly emphasized "smart-grid" property is that of resilience where healthy regions of the grid continue to operate while disrupted and perturbed regions bring themselves back to normal operation. Multi-agent systems have recently been proposed as a key enabling technology for such a resilient control scheme. While the power system literature has often addressed multi-agent systems, many of these works did not have resilience as the central design intention. This paper now has a two-fold purpose. First, it seeks to identify a set of multi-agent system design principles for resilient coordination and control of future power systems. To that end, it draws upon an axiomatic design for large flexible engineering systems model which was recently used in the development of resilience measures. From this quantitative model, a set of design principles are easily distilled. Second, the paper assesses the adherence of existing multi-agent system implementations with respect to these design principles. The paper concludes that while many multi-agent systems have been developed for power grids, they have been primarily intended as the decentralization of a particular decision-making/control algorithm. Thus many of the works make only limited contributions to power grid resilience.B Amro M. Farid

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Interdisciplinary Operation of Natural Gas and Electric Power Systems

Liu

Shahidehpour

2013

Wiley Encyclopedia of Electrical and Electronics Engineering

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Electric power generation relies increasingly on the natural gas supply system as additional natural gas‐fired power plants are installed in restructured power systems. In this context, the economics and the reliability of electric power and natural gas systems will impact one another. This article addresses the interdependency of electricity and natural gas systems and summarizes approaches for the interdisciplinary operation and the scheduling of the coupled energy systems. This article starts from an introduction of basic knowledge for the electric power system and the natural gas system. The survey will be given for the research in the past about the interdependency of natural gas and electric power system. This article presents two integrated short‐term scheduling models. The first one is from the viewpoint of the independent system operator (ISO), which proposes a security‐based methodology for the unit commitment solution when considering the natural gas transmission system and contracts. The second integrated model considers a joint operator for the coordinated scheduling of the interdependent power and natural gas systems. The integrated operator uses a Lagrangian relaxation (LR)–based model for the coordinated least‐cost allocation of natural gas resources to individual gas loads and power plants.

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Market Operations in Electric Power Systems

Cited by 1,349 publications

References 0 publications

An Economic Based Approach for Optimal and Secure Reactive Power Provision in Deregulated Environments

An Economic Based Approach for Optimal and Secure Reactive Power Provision in Deregulated Environments

Multi-Agent System Design Principles for Resilient Coordination & Control of Future Power Systems

Interdisciplinary Operation of Natural Gas and Electric Power Systems

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