Title :
Evaluating transmission congestion constraints in system planning
Author :
Finney, John D. ; Othman, Hisham A. ; Rutz, William L.
Author_Institution :
ABB Power T&D Co. Inc., Raleigh, NC, USA
fDate :
8/1/1997 12:00:00 AM
Abstract :
The formulation of a Poolco model suitable for power system planning is presented. The model involves only slight enhancement to existing conventional power system software and directly enables the calculation of spot prices and a bid-based dispatch. Included is a method for decomposing spot prices to reveal components caused by system congestion. An example illustrates how financial hedges that are traded in the Poolco scenario will affect system planning decisions
Keywords :
costing; economics; load dispatching; power system planning; power transmission; Poolco scenario; bid-based dispatch; power system planning; power system software enhancement; spot prices calculation; spot prices decomposition; transmission congestion constraints; Contracts; Control systems; Meeting planning; Power generation; Power industry; Power system modeling; Power system planning; Power system simulation; Pricing; Software systems;
Journal_Title :
Power Systems, IEEE Transactions on
