DocumentCode
1574629
Title
Functional requirements for PJM Shortage Pricing system
Author
Shamsollahi, Payman ; Keech, Adam
Author_Institution
ALSTOM Grid Inc., Redmond, WA, USA
fYear
2011
Firstpage
1
Lastpage
4
Abstract
This paper discusses high-level functional requirements of the Shortage Pricing (SP) system in PJM´s realtime market in the USA. It gives details of the market characteristics as well as variety of engines to achieve an efficient market. It goes into details of why several clearing engines are staggered in time to create more efficient market signals and participants´ trust.
Keywords
power markets; power system economics; pricing; PJM shortage pricing system; SP system; clearing engine; high-level functional requirement; market signal; power markets; Economics; Engines; Joints; Optimization; Pricing; Real time systems; Security; Co-Optimization of Energy & AS; Reserve Demand Curve; Security Constrained Economic Dispatch;
fLanguage
English
Publisher
ieee
Conference_Titel
Environment and Electrical Engineering (EEEIC), 2011 10th International Conference on
Conference_Location
Rome
Print_ISBN
978-1-4244-8779-0
Type
conf
DOI
10.1109/EEEIC.2011.5874857
Filename
5874857
Link To Document