Development of smart dispatch tools in the PJM market

This paper discusses the evolution and implementation of smart dispatch tools to support the real-time operation of the PJM competitive wholesale electricity market. These innovations include the implementation of multi-stage realtime dispatch software, adaptive generation modeling, enhanced visualization tools and comprehensive evaluation and feedback mechanisms through the perfect dispatch concept. The paper discusses the operational situations and challenges that have driven the need for continued evolution of dispatch tools. The paper explores efficiency gains that the market experienced when these innovations were successfully incorporated into the market clearing and dispatch processes at PJM.