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

fYear

2009

Firstpage

1

Lastpage

6

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;

fLanguage

English

Publisher

ieee

Conference_Titel

Power & Energy Society General Meeting, 2009. PES '09. IEEE

Conference_Location

Calgary, AB

ISSN

1944-9925

Print_ISBN

978-1-4244-4241-6

Type

conf

DOI

10.1109/PES.2009.5276010

Filename

5276010