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Power grid operation in a market environment : economic efficiency and risk mitigation / / edited by Hong Chen
Power grid operation in a market environment : economic efficiency and risk mitigation / / edited by Hong Chen
Pubbl/distr/stampa Piscataway, New Jersey : , : IEEE Press/Wiley, , [2017]
Descrizione fisica 1 online resource (287 p.)
Disciplina 621.319
Collana IEEE Press series on power engineering
Soggetto topico Electric power systems - Economic aspects
Electric power distribution - Economic aspects
Electric power transmission - Economic aspects
ISBN 1-119-08292-7
1-119-08280-3
1-119-08301-X
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto FOREWORD ix -- PREFACE xi -- ACKNOWLEDGMENT xiii -- CONTRIBUTORS xv -- PART I INTEGRATED SYSTEM AND MARKET OPERATION -- CHAPTER 1 BALANCE ECONOMIC EFFICIENCY AND OPERATION RISK MITIGATION 3 /Hong Chen and Jianwei Liu -- 1.1 Power System Operation Risk Mitigation: The Physics 4 -- 1.2 Integrated System and Market Operation: The Basics 11 -- 1.3 Economic Efficiency Evaluation and Improvement: The Economics 20 -- 1.4 Final Remarks 35 -- Appendix 1.A Nomenclature 36 -- Appendix 1.B Electricity Market Model 37 -- References 39 -- Disclaimer 41 -- CHAPTER 2 MITIGATE MARKET POWER TO IMPROVE MARKET EFFICIENCY 4 /Ross Baldick -- 2.1 Introduction 43 -- 2.2 Price Formation in Electricity Markets 50 -- 2.3 Price and Offer Caps 52 -- 2.4 Ability and Incentive to Exercise Market Power 53 -- 2.5 Market Power Mitigation Approaches 57 -- 2.6 Conclusion 65 -- Acknowledgments 65 -- References 65 -- PART II UNDER SMART GRID ERA -- CHAPTER 3 MASS MARKET DEMAND RESPONSE MANAGEMENT FOR THE SMART GRID 69 /Alex D. Papalexopoulos -- 3.1 Overview 69 -- 3.2 Introduction 72 -- 3.3 Distributed Computing-Based Demand Response Management Approach 74 -- 3.4 The ColorPower Architecture and Control Algorithms 75 -- 3.5 Integration with the Wholesale Energy Market 80 -- 3.6 Equalizing Market Power Between Supply and Demand 83 -- 3.7 Generalization Beyond Demand Response 84 -- 3.8 A Numerical Example 87 -- 3.9 Concluding Remarks 88 -- Appendix 3.A Nomenclature 89 -- References 89 -- CHAPTER 4 IMPROVE SYSTEM PERFORMANCE WITH LARGE-SCALE VARIABLE GENERATION ADDITION 91 /Yuri V. Makarov, Pavel V. Etingov, and Pengwei Du -- 4.1 Review of Regulation and Ancillary Services 92 -- 4.2 Day-Ahead Regulation Forecast at CAISO 93 -- 4.3 Ramping and Uncertainties Evaluation at CAISO 99 -- 4.4 Quantifying the Regulation Service Requirements at ERCOT 103 -- 4.5 Conclusions 111 -- Appendix 4.A Nomenclature 112 -- References 113 -- PART III STOCHASTIC APPLICATIONS -- CHAPTER 5 SECURITY-CONSTRAINED UNIT COMMITMENT WITH UNCERTAINTIES 117 /Lei Wu and Mohammad Shahidehpour.
5.1 Introduction 118 -- 5.2 SCUC 119 -- 5.3 Uncertainties in Emerging Power Systems 125 -- 5.4 Managing the Resource Uncertainty in SCUC 134 -- 5.5 Illustrative Results 155 -- 5.6 Conclusions 163 -- Appendix 5.A Nomenclature 164 -- Acknowledgments 166 -- References 166 -- CHAPTER 6 DAY-AHEAD SCHEDULING: RESERVE DETERMINATION AND VALUATION 16 /Ruiwei Jiang, Antonio J. Conejo, and Jianhui Wang -- 6.1 The Need of Reserves for Power System Operation 169 -- 6.2 Reserve Determination via Stochastic Programming 170 -- 6.3 Reserve Determination via Adaptive Robust Optimization 179 -- 6.4 Stochastic Programming vs. Adaptive Robust Optimization 182 -- 6.5 Reserve Valuation 185 -- 6.6 Summary, Concluding Remarks, and Research Needs 191 -- Appendix 6.A Nomenclature 192 -- References 193 -- PART IV HARNESS TRANSMISSION FLEXIBILITY -- CHAPTER 7 IMPROVED MARKET EFFICIENCY VIA TRANSMISSION SWITCHING AND OUTAGE EVALUATION IN SYSTEM OPERATIONS 197 /Kwok W. Cheung and Jun Wu -- 7.1 Background 197 -- 7.2 Basic Dispatch Model for Market Clearing 198 -- 7.3 Economic Evaluation of Transmission Outage 201 -- 7.4 Optimal Transmission Switching 203 -- 7.5 Selection of Candidate Transmission Lines for Switching and Implementation of OTS 206 -- 7.6 Test Cases 210 -- 7.7 Final Remarks 216 -- Appendix 7.A Nomenclature 216 -- References 217 -- CHAPTER 8 TOWARD VALUING FLEXIBILITY IN TRANSMISSION PLANNING 219 /Chin Yen Tee and Marija D. Ilic -- 8.1 Introduction 219 -- 8.2 Scale Economies of Transmission Technologies 221 -- 8.3 Disconnect of Current Power System Operational, Planning, and Market Mechanisms 225 -- 8.4 Impact of Operational and Market Practices on Investment Planning 225 -- 8.5 Information and Risk Sharing in the Face of Uncertainties 230 -- 8.6 Challenges in Designing Financial Rights for Flexibility 234 -- 8.7 Conclusions 235 -- Appendix 8.A Nomenclature 236 -- Appendix 8.B Mathematical Models Used for Case Studies 238 -- Appendix 8.C Investment Cost 247 -- References 248 -- INDEX 251.
Record Nr. UNINA-9910135024103321
Piscataway, New Jersey : , : IEEE Press/Wiley, , [2017]
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Power grid operation in a market environment : economic efficiency and risk mitigation / / edited by Hong Chen
Power grid operation in a market environment : economic efficiency and risk mitigation / / edited by Hong Chen
Pubbl/distr/stampa Piscataway, New Jersey : , : IEEE Press/Wiley, , [2017]
Descrizione fisica 1 online resource (287 p.)
Disciplina 621.319
Collana IEEE Press series on power engineering
Soggetto topico Electric power systems - Economic aspects
Electric power distribution - Economic aspects
Electric power transmission - Economic aspects
ISBN 1-119-08292-7
1-119-08280-3
1-119-08301-X
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto FOREWORD ix -- PREFACE xi -- ACKNOWLEDGMENT xiii -- CONTRIBUTORS xv -- PART I INTEGRATED SYSTEM AND MARKET OPERATION -- CHAPTER 1 BALANCE ECONOMIC EFFICIENCY AND OPERATION RISK MITIGATION 3 /Hong Chen and Jianwei Liu -- 1.1 Power System Operation Risk Mitigation: The Physics 4 -- 1.2 Integrated System and Market Operation: The Basics 11 -- 1.3 Economic Efficiency Evaluation and Improvement: The Economics 20 -- 1.4 Final Remarks 35 -- Appendix 1.A Nomenclature 36 -- Appendix 1.B Electricity Market Model 37 -- References 39 -- Disclaimer 41 -- CHAPTER 2 MITIGATE MARKET POWER TO IMPROVE MARKET EFFICIENCY 4 /Ross Baldick -- 2.1 Introduction 43 -- 2.2 Price Formation in Electricity Markets 50 -- 2.3 Price and Offer Caps 52 -- 2.4 Ability and Incentive to Exercise Market Power 53 -- 2.5 Market Power Mitigation Approaches 57 -- 2.6 Conclusion 65 -- Acknowledgments 65 -- References 65 -- PART II UNDER SMART GRID ERA -- CHAPTER 3 MASS MARKET DEMAND RESPONSE MANAGEMENT FOR THE SMART GRID 69 /Alex D. Papalexopoulos -- 3.1 Overview 69 -- 3.2 Introduction 72 -- 3.3 Distributed Computing-Based Demand Response Management Approach 74 -- 3.4 The ColorPower Architecture and Control Algorithms 75 -- 3.5 Integration with the Wholesale Energy Market 80 -- 3.6 Equalizing Market Power Between Supply and Demand 83 -- 3.7 Generalization Beyond Demand Response 84 -- 3.8 A Numerical Example 87 -- 3.9 Concluding Remarks 88 -- Appendix 3.A Nomenclature 89 -- References 89 -- CHAPTER 4 IMPROVE SYSTEM PERFORMANCE WITH LARGE-SCALE VARIABLE GENERATION ADDITION 91 /Yuri V. Makarov, Pavel V. Etingov, and Pengwei Du -- 4.1 Review of Regulation and Ancillary Services 92 -- 4.2 Day-Ahead Regulation Forecast at CAISO 93 -- 4.3 Ramping and Uncertainties Evaluation at CAISO 99 -- 4.4 Quantifying the Regulation Service Requirements at ERCOT 103 -- 4.5 Conclusions 111 -- Appendix 4.A Nomenclature 112 -- References 113 -- PART III STOCHASTIC APPLICATIONS -- CHAPTER 5 SECURITY-CONSTRAINED UNIT COMMITMENT WITH UNCERTAINTIES 117 /Lei Wu and Mohammad Shahidehpour.
5.1 Introduction 118 -- 5.2 SCUC 119 -- 5.3 Uncertainties in Emerging Power Systems 125 -- 5.4 Managing the Resource Uncertainty in SCUC 134 -- 5.5 Illustrative Results 155 -- 5.6 Conclusions 163 -- Appendix 5.A Nomenclature 164 -- Acknowledgments 166 -- References 166 -- CHAPTER 6 DAY-AHEAD SCHEDULING: RESERVE DETERMINATION AND VALUATION 16 /Ruiwei Jiang, Antonio J. Conejo, and Jianhui Wang -- 6.1 The Need of Reserves for Power System Operation 169 -- 6.2 Reserve Determination via Stochastic Programming 170 -- 6.3 Reserve Determination via Adaptive Robust Optimization 179 -- 6.4 Stochastic Programming vs. Adaptive Robust Optimization 182 -- 6.5 Reserve Valuation 185 -- 6.6 Summary, Concluding Remarks, and Research Needs 191 -- Appendix 6.A Nomenclature 192 -- References 193 -- PART IV HARNESS TRANSMISSION FLEXIBILITY -- CHAPTER 7 IMPROVED MARKET EFFICIENCY VIA TRANSMISSION SWITCHING AND OUTAGE EVALUATION IN SYSTEM OPERATIONS 197 /Kwok W. Cheung and Jun Wu -- 7.1 Background 197 -- 7.2 Basic Dispatch Model for Market Clearing 198 -- 7.3 Economic Evaluation of Transmission Outage 201 -- 7.4 Optimal Transmission Switching 203 -- 7.5 Selection of Candidate Transmission Lines for Switching and Implementation of OTS 206 -- 7.6 Test Cases 210 -- 7.7 Final Remarks 216 -- Appendix 7.A Nomenclature 216 -- References 217 -- CHAPTER 8 TOWARD VALUING FLEXIBILITY IN TRANSMISSION PLANNING 219 /Chin Yen Tee and Marija D. Ilic -- 8.1 Introduction 219 -- 8.2 Scale Economies of Transmission Technologies 221 -- 8.3 Disconnect of Current Power System Operational, Planning, and Market Mechanisms 225 -- 8.4 Impact of Operational and Market Practices on Investment Planning 225 -- 8.5 Information and Risk Sharing in the Face of Uncertainties 230 -- 8.6 Challenges in Designing Financial Rights for Flexibility 234 -- 8.7 Conclusions 235 -- Appendix 8.A Nomenclature 236 -- Appendix 8.B Mathematical Models Used for Case Studies 238 -- Appendix 8.C Investment Cost 247 -- References 248 -- INDEX 251.
Record Nr. UNINA-9910830878703321
Piscataway, New Jersey : , : IEEE Press/Wiley, , [2017]
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui