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A security-constrained bid-clearing system for the New Zealand wholesale electricity market
- Source :
- IEEE Transactions on Power Systems. 13:340-346
- Publication Year :
- 1998
- Publisher :
- Institute of Electrical and Electronics Engineers (IEEE), 1998.
-
Abstract
- This paper reports upon the mathematical models and implementation of the Scheduling, Pricing and Dispatch (SPD) application for the New Zealand Electricity Market (NZEM). SPD analyzes bids for energy offers, reserve offers and energy demands, and recognizes explicitly the effects on bid clearing due to transmission congestion, network losses, reserve requirements, and ramp rate limits. Advanced LP solution methods are utilized to solve the large-scale constrained optimization problem. Results on a 67-bus test system and the NZEM are included.
Details
- ISSN :
- 08858950
- Volume :
- 13
- Database :
- OpenAIRE
- Journal :
- IEEE Transactions on Power Systems
- Accession number :
- edsair.doi...........482e8ab7828cfc893c72e8b507babca8