Title :
Optimal dispatch of a system based on offers and bids-a mixed integer LP formulation
Author_Institution :
ISO New England Inc., USA
fDate :
2/1/1999 12:00:00 AM
Abstract :
The Federal Energy Regulatory Commission´s (FERC) orders 888 and 889 will have far reaching consequences on the operation and dispatch of electric power systems. A common element of the change is that of dispatching the system based on offers and bids to sell and buy unbundled commodities. This paper formulates and solves the optimal dispatch problem as a mixed integer linear program. Such a formulation allows the acceptance of offers with “minimum takes” arising from generator characteristics
Keywords :
integer programming; linear programming; load dispatching; power systems; FERC order 888; FERC order 889; Federal Energy Regulatory Commission; bids; electric power systems dispatch; generator characteristics; market structure; mixed integer linear program; offers; optimal dispatch; unbundled commodities buying; unbundled commodities selling; Character generation; Cost function; Councils; Design methodology; Dispatching; Electricity supply industry; Power markets; Power system reliability; Proposals; Spinning;
Journal_Title :
Power Systems, IEEE Transactions on
