Title :
Midwest iso co-optimization based real-time dispatch and pricing of energy and ancillary services
Author :
Ma, Xingwang ; Chen, Yonghong ; Wan, Jie
Author_Institution :
Electr. Market Consulting Inc., Bellevue, WA, USA
Abstract :
Midwest ISO´s real-time market design with energy and ancillary service co-optimization is reported in this paper. The key components of Midwest ISO´s real-time market are described including intra-day reliability commitment, transmission security management, real-time dispatch and pricing. The RT SCED formulation at the core of the real-time dispatch and pricing market is presented. Numerical examples are included to illustrate the primary features of the real-time market.
Keywords :
optimisation; power system management; power system security; power transmission economics; pricing; ancillary services; energy services; intra-day reliability commitment; midwest ISO cooptimization; pricing market; realtime dispatch; transmission security management; Chromium; Costs; Demand forecasting; Economic forecasting; ISO; Mesh generation; Power generation; Power generation economics; Pricing; Scheduling; Energy and ancillary service co-optimization; Intra-day reliability commitment; LMP; Real-time dispatch and pricing; and Reserve demand curves;
Conference_Titel :
Power & Energy Society General Meeting, 2009. PES '09. IEEE
Conference_Location :
Calgary, AB
Print_ISBN :
978-1-4244-4241-6
DOI :
10.1109/PES.2009.5276010
