Market Applications at the Western Australia Independent Market Operator

Author

Huang, Janice ; Yu, Chien-Ning ; Guzeleva, Dora

Author_Institution

ABB Inc., Santa Clara, CA

fYear

2007

fDate

24-28 June 2007

Firstpage

1

Lastpage

8

Abstract

This paper describes the major market applications supporting the energy and reserve capacity markets of the new wholesale electricity market (WEM) in the South West Interconnected System (SWIS) of Western Australia. The Wholesale Electricity Market was commenced on 21 September 2006, within 14 months after award of the market systems contract. This paper presents the implementation algorithms and numerical results of the new wholesale electricity market.

Keywords

power markets; power system economics; power system interconnection; South West interconnected system; Western Australia Independent Market Operator; market applications; market systems contract; wholesale electricity market; Australia; Electricity supply industry; Electricity supply industry deregulation; Energy management; Interconnected systems; Power generation; Power system management; Power system reliability; Real time systems; Samarium; Dispatch Merit Order; Downwards Deviation Administered Price; Independent Market Operator; Marginal Cost Administered Price; Reserve Capacity Auction and Trade; Scheduling Day; Short Term Energy Market Auction; South West Interconnected System; System Management; Trading Day; Upwards Deviation Administered Price; Wholesale Electricity Market;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering Society General Meeting, 2007. IEEE

Conference_Location

Tampa, FL

ISSN

1932-5517

Print_ISBN

1-4244-1296-X

Electronic_ISBN

1932-5517

Type

conf

DOI

10.1109/PES.2007.385534

Filename

4275416