A mathematical framework for the analysis and management of power transactions under open access

Author

Galiana, Francisco D. ; Ilic, Marija

Author_Institution

Dept. of Electr. Eng., McGill Univ., Montreal, Que., Canada

Volume

13

Issue

2

fYear

1998

fDate

5/1/1998 12:00:00 AM

Firstpage

681

Lastpage

687

Abstract

Several models are being considered by the power industry for competition under open access transmission. Each alternative offers a radically different solution which must be evaluated, not only in terms of economic benefits, but also in terms of impact on power system security. This paper therefore presents a general mathematical framework for the analysis and management of power transactions under open access subject to system security constraints. The framework introduces the notions of a virtual network of transactions and the transactions matrix, both describing virtual power flows among financial entities. Finally, this paper shows how the transactions selected by the market forces are influenced by the security requirements of the physical network

Keywords

economics; electricity supply industry; load flow; power system security; transmission networks; financial entities; market forces; open access transmission; power industry; power system security; power transactions; security constraints; transactions matrix; virtual network transactions; virtual power flows; Energy management; Engineering management; Load flow; Mathematical model; Power generation; Power industry; Power system analysis computing; Power system management; Power system modeling; Power system security;

fLanguage

English

Journal_Title

Power Systems, IEEE Transactions on

Publisher

ieee

ISSN

0885-8950

Type

jour

DOI

10.1109/59.667400

Filename

667400