• DocumentCode
    907263
  • Title

    An advanced framework for real-time market operations and monitoring

  • Author

    Sobajic, Dejan J. ; Douglas, John H.

  • Author_Institution
    Dept. of Electr. Eng., Stanford Univ., CA, USA
  • Volume
    2
  • Issue
    2
  • fYear
    2004
  • Firstpage
    45
  • Lastpage
    49
  • Abstract
    This paper reviews the relationship between specific power system operations and market functions, introduces a definition of market conditions that correspond to grid operating states, and proposes an integrated approach for real-time power market operations and monitoring, which will help ensure reliable operations at the lowest cost in decentralized markets and provide effective incentives for market participants.
  • Keywords
    electricity supply industry; power markets; power system economics; grid market functions; power system market functions; power system operations; real-time market operations; real-time monitoring; Condition monitoring; Control systems; Costs; Hybrid power systems; Power generation economics; Power markets; Power system reliability; Pricing; Real time systems; Watches;
  • fLanguage
    English
  • Journal_Title
    Power and Energy Magazine, IEEE
  • Publisher
    ieee
  • ISSN
    1540-7977
  • Type

    jour

  • DOI
    10.1109/MPAE.2004.1269617
  • Filename
    1269617
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=907263