Title :
Optimizing FirstEnergy Assets in MISO Market
Author :
Palcic, Ron ; Martin, Javier
Author_Institution :
FirstEnergy, Akron, OH
fDate :
Oct. 29 2006-Nov. 1 2006
Abstract :
To maximize the benefits from the MISO market, FirstEnergy deployed a suite of software tools to automate both the day-ahead and real-time bidding workflows. The objective of this presentation is to: describe the day-ahead and real-time workflows, highlight the IT infrastructure, describes the application tools and summarize insights that FirstEnergy gained from using the tools to perform portfolio optimization and bid evaluation
Keywords :
optimisation; power markets; workflow management software; FirstEnergy assets; IT infrastructure; MISO market; application tools; day-ahead bidding; portfolio optimization; real-time bidding; workflow software tools; Application software; Asset management; Cost function; Demand forecasting; Economic forecasting; Load forecasting; Market opportunities; Performance evaluation; Portfolios; Software tools;
Conference_Titel :
Power Systems Conference and Exposition, 2006. PSCE '06. 2006 IEEE PES
Conference_Location :
Atlanta, GA
Print_ISBN :
1-4244-0177-1
Electronic_ISBN :
1-4244-0178-X
DOI :
10.1109/PSCE.2006.296375
