Scheduling energy and ancillary service in the new Ontario electricity market

Author

Danai, Behnam ; Kim, Jong ; Cohen, Arthur I. ; Brandwajn, Vladimir ; Chang, Show-Kang

Author_Institution

ABB Energy Inf. Syst., Santa Clara, CA, USA

fYear

2001

fDate

2001

Firstpage

161

Lastpage

165

Abstract

The wholesale market for electric energy is being opened up to more competition throughout North America and much of the rest of the world. This change has caused the origination of new independent operators of the electrical energy systems. The Province of Ontario in Canada is in the process of setting up such an operator which they call The Independent Electricity Market Operator or IMO. The IMO will run markets that will be used to schedule energy and operating reserves. In addition the IMO will procure other ancillary services via contracts. This paper describes the operation of the IMO markets for energy and ancillary services including the time lines of the market and the market processes

Keywords

electricity supply industry; power generation dispatch; power generation economics; power generation scheduling; power system security; Canada; Independent Electricity Market Operator; Ontario electricity market; ancillary service; energy scheduling; generator scheduling; independent operators; open markets; operating reserves. scheduling; security analysis; security constrained economic dispatch; wholesale market; Contracts; Costs; Economic forecasting; Electricity supply industry; Information systems; Marketing and sales; North America; Power generation economics; Power system economics; Security;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Industry Computer Applications, 2001. PICA 2001. Innovative Computing for Power - Electric Energy Meets the Market. 22nd IEEE Power Engineering Society International Conference on

Conference_Location

Sydney, NSW

Print_ISBN

0-7803-6681-6

Type

conf

DOI

10.1109/PICA.2001.932340

Filename

932340