A combined pool/bilateral dispatch model for electricity markets with security constraints
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| Format: | Artículo científico |
| Language: | en |
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Universidad EAFIT
2011
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| _version_ | 1876458297810223104 |
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| author | Jesús María López-Lezama |
| author_facet | Jesús María López-Lezama |
| contents | A combined pool/bilateral dispatch model for electricity markets with security constraints Jesús María López-Lezama Mauricio Granada-Echeverri Luis A. Gallego-Pareja Ingeniería energy markets Optimal dispatch bilateral contracts The secure operation of the electric power system is a challenging task for the system operator which is responsible of its coordination, control and monitoring. In most power systems security is typically handled on a multi-state approach. In which case, security criteria are incorporated by means of additional constraints, modifying the initial dispatch calculation. In this paper a generation dispatch model for competitive energy markets considering security constraints is presented. The proposed approach combines the generation dispatch related to pool and bilateral markets with coupled post-contingency optimal power flows into a single optimal dispatch model, avoiding economic inefficiencies that appear in conventional multi-stage dispatch approaches. The proposed model is linear, and as such, it is based on a DC model of the network. A 6-bus didactic system and the IEEE RTS-24 bus test system are used in order to show the operation and effectiveness of the proposed approach and to compare it with the basic pool/bilateral dispatch with no security constraints. Results show that the inclusion of security constraints lead to a higher dispatch cost. Furthermore, it was found that the enforcement of firmed bilateral contracts might lead to system congestion. 2011 artículo científico 1794-9165 https://www.redalyc.org/articulo.oa?id=83521270001 en http://www.redalyc.org/revista.oa?id=835 Ingeniería y Ciencia application/pdf Universidad EAFIT Ingeniería y Ciencia (Colombia) Num.13 Vol.7 |
| format | Artículo científico |
| id | redalyc_83521270001 |
| institution | Redalyc |
| language | en |
| publishDate | 2011 |
| publisher | Universidad EAFIT |
| spellingShingle | A combined pool/bilateral dispatch model for electricity markets with security constraints Jesús María López-Lezama Ingeniería energy markets Optimal dispatch bilateral contracts A combined pool/bilateral dispatch model for electricity markets with security constraints Jesús María López-Lezama Mauricio Granada-Echeverri Luis A. Gallego-Pareja Ingeniería energy markets Optimal dispatch bilateral contracts The secure operation of the electric power system is a challenging task for the system operator which is responsible of its coordination, control and monitoring. In most power systems security is typically handled on a multi-state approach. In which case, security criteria are incorporated by means of additional constraints, modifying the initial dispatch calculation. In this paper a generation dispatch model for competitive energy markets considering security constraints is presented. The proposed approach combines the generation dispatch related to pool and bilateral markets with coupled post-contingency optimal power flows into a single optimal dispatch model, avoiding economic inefficiencies that appear in conventional multi-stage dispatch approaches. The proposed model is linear, and as such, it is based on a DC model of the network. A 6-bus didactic system and the IEEE RTS-24 bus test system are used in order to show the operation and effectiveness of the proposed approach and to compare it with the basic pool/bilateral dispatch with no security constraints. Results show that the inclusion of security constraints lead to a higher dispatch cost. Furthermore, it was found that the enforcement of firmed bilateral contracts might lead to system congestion. 2011 artículo científico 1794-9165 https://www.redalyc.org/articulo.oa?id=83521270001 en http://www.redalyc.org/revista.oa?id=835 Ingeniería y Ciencia application/pdf Universidad EAFIT Ingeniería y Ciencia (Colombia) Num.13 Vol.7 |
| title | A combined pool/bilateral dispatch model for electricity markets with security constraints |
| topic | Ingeniería energy markets Optimal dispatch bilateral contracts |
| url | https://www.redalyc.org/articulo.oa?id=83521270001 |