Reserve management in bilateral power market for composite system with load forecast uncertainty

Author

Chandrasekaran, K. ; Simon, Sishaj P.

fYear

2011

fDate

15-17 Dec. 2011

Firstpage

5

Lastpage

12

Abstract

This paper presents an efficient model for the composite generation and transmission system to manage the system reserve in a bilateral power market. To have a more accurate assessment of customer load point reliability, outages of generation and transmission system are considered incorporating load forecast uncertainty. Inclusion of transmission system reliability is employed by computing the transmission line outages at each load point using conditional probability approach. The reliability model for each market player considering reserve agreement with other market players are determined by network equivalent techniques. Customers can decide their power suppliers based on their reliability requirements and prices for different reserve contract. The proposed model is validated on IEEE RTS 6 bus system and South Indian (Tamilnadu) 86 bus system.

Keywords

electric power generation; load forecasting; power markets; power system management; power transmission reliability; IEEE RTS 6 bus system; South Indian 86 bus system; bilateral power market; composite system; generation system; load forecast uncertainty; network equivalent techniques; reserve management; transmission line; transmission system reliability; Contracts; Equations; Load modeling; Mathematical model; Power system reliability; Reliability; Bilateral power market; Composite generation and transmission system; Customer load point index; Load forecast uncertainty; Probabilistic method; Reserve management;

fLanguage

English

Publisher

ieee

Conference_Titel

Recent Advancements in Electrical, Electronics and Control Engineering (ICONRAEeCE), 2011 International Conference on

Conference_Location

Sivakasi

Print_ISBN

978-1-4577-2146-5

Type

conf

DOI

10.1109/ICONRAEeCE.2011.6129722

Filename

6129722