DocumentCode
2540465
Title
Practices of system security pricing
Author
Chen, Hong ; Liu, Jianwei
Author_Institution
PJM Interconnection, Norristown, PA
fYear
2008
fDate
20-24 July 2008
Firstpage
1
Lastpage
4
Abstract
Due to physical constraints of electric power system, electricity markets are designed and operated based on secure power system operation. System security has to be considered together with economic efficiency in the design and operation of wholesale electricity markets. This panel will present the practices based on two major US electricity markets, and discuss the challenges in practical market operation.
Keywords
power markets; power system economics; power system security; pricing; economic efficiency; electric power system; power system security pricing; wholesale electricity markets; Costs; Economic forecasting; Electricity supply industry; Energy management; Job shop scheduling; Power generation economics; Power system economics; Power system security; Pricing; Real time systems; Ancillary Services; Electricity Market; Locational Marginal Pricing (LMP);
fLanguage
English
Publisher
ieee
Conference_Titel
Power and Energy Society General Meeting - Conversion and Delivery of Electrical Energy in the 21st Century, 2008 IEEE
Conference_Location
Pittsburgh, PA
ISSN
1932-5517
Print_ISBN
978-1-4244-1905-0
Electronic_ISBN
1932-5517
Type
conf
DOI
10.1109/PES.2008.4596585
Filename
4596585
Link To Document