Optimal dispatch of a system based on offers and bids-a mixed integer LP formulation

The Federal Energy Regulatory Commission's (FERC) orders 888 and 889 will have far reaching consequences on the operation and dispatch of electric power systems. A common element of the change is that of dispatching the system based on offers and bids to sell and buy unbundled commodities. This...

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Bibliographic Details
Published inIEEE transactions on power systems Vol. 14; no. 1; pp. 274 - 279
Main Author Rau, N.S.
Format Journal Article
LanguageEnglish
Published New York, NY IEEE 01.02.1999
Institute of Electrical and Electronics Engineers
Subjects
Acceptance
Applied sciences
Character generation
Commodities
Cost function
Councils
Design methodology
Dispatching
Economic data
Electric energy
Electric power generation
Electric power systems
Electrical engineering. Electrical power engineering
Electrical power engineering
Electricity supply industry
Energy
Energy economics
Exact sciences and technology
Formulations
General, economic and professional studies
Generators
Mixed integer
Operation. Load control. Reliability
Optimization
Power markets
Power networks and lines
Power system reliability
Proposals
Spinning
Operator
Dispatching problem
Bidding
Offer
Formulation
Electric energy
Theoretical study
Mixed integer programming
Optimization
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Summary:The Federal Energy Regulatory Commission's (FERC) orders 888 and 889 will have far reaching consequences on the operation and dispatch of electric power systems. A common element of the change is that of dispatching the system based on offers and bids to sell and buy unbundled commodities. This paper formulates and solves the optimal dispatch problem as a mixed integer linear program. Such a formulation allows the acceptance of offers with "minimum takes" arising from generator characteristics.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0885-8950
1558-0679
DOI:10.1109/59.744543