Abstract
In Chapters 4 and 6, congestion management in the real-time operation of electricity markets has been discussed. A framework was proposed and implemented, in which the Independent System Operator (ISO) can balance the system and relieve transmission congestion coordinatedly and efficiently through a real-time balancing market. This chapter is about how to avoid and manage transmission congestion during short-term (day-ahead to hour-ahead) scheduling of electricity markets.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
F. C. Schweppe, M. C. Caramanis, R.D. Tabors, and R. E. Bohn: “Spot pricing of electricity” (1988), Kluwer Acadamic Publishers, Norwell, USA
J. Bushnell, S. Stoft: “Electric Grid Investment Under a Contract Network Regime” (1995), POWER Working Papers, University of California Energy Institute, PWP-034
W. W. Hogan: “Contract networks for Electric power transmission”(1992), Journal of Regulatory Economics, 4, No. 3, pp. 211–242
M. I. Alomoush, S. M. Shahidehpour: “Generalized model for fixed transmission rights auction”(2000), Electric Power Systems Research, 54 (3), pp.207–220
R. S. Fang, A. K. David: “Optimal dispatch under transmission contracts”(1999), IEEE Trans. 14, (2), pp. 732–737
M. I. Alomoush, S. M. Shahidehpour: “Fixed transmission rights for zonal congestion management”(1999), IEE Proceedings on Generation, Transmission and Distribution., 146, (5), pp. 471–476
Wang, Y. H. Song, Q. Lu, and Y. Z. Sun: “Optimal Allocation of Transmission Rights in a Network with FACTS Devices”(2002), IEE Proceedings on Generation, Transmission and Distribution, 149, No.3, May pp.359–366
R. S. Fang, A. K. David: “Optimal dispatch under transmission contracts”(1999), IEEE Trans., 14, (2), pp. 732–737
Wang Xing and Y. H. Song: “Advanced Real-Time Congestion Management through Both Pool Balancing Market and Bilateral Market” (2000), IEEE Power Engineering Review, 20(2), pp.47–49
R. Rajaraman, J. V. Sarlashkar, and F. L. Alvarado: “The effect of demand elasticity on security prices for the poolco and multi-lateral contract model”(1997), IEEE Trans., 12, (3), pp. 1177–1184
M. L. Baughman, and S. N. Siddiqi: “Real-time pricing of reactive power: theory and case study results” (1991), IEEE Trans., 6, (1), pp. 23–29
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2003 Springer-Verlag London
About this chapter
Cite this chapter
Wang, X., Song, Y.H., Eremia, M. (2003). Financial Instruments and Their Role in Market Dispatch and Congestion Management. In: Song, YH., Wang, XF. (eds) Operation of Market-oriented Power Systems. Power Systems. Springer, London. https://doi.org/10.1007/978-1-4471-3735-1_8
Download citation
DOI: https://doi.org/10.1007/978-1-4471-3735-1_8
Publisher Name: Springer, London
Print ISBN: 978-1-84996-893-5
Online ISBN: 978-1-4471-3735-1
eBook Packages: Springer Book Archive