联系我们
Isaac Scientific Publishing
International Journal of Power and Energy Research
IJPER > Volume 4, Number 1, April 2020

Optimization Models in the Design of Interconnected Regional Power Markets

Download PDF  (912.2 KB)PP. 1-16,  Pub. Date:March 23, 2020
DOI: 10.22606/ijper.2020.41001

Author(s)
Alexander M. Malyscheff, Milad Javadi, Di Wu, John N. Jiang, Theodore B. Trafalis
Affiliation(s)
School of Electrical and Computer Engineering, University of Oklahoma, Norman, Oklahoma 73019, United States
Lower Colorado River Authority, Transmission Services Corporation, Transmission Planning Department, Austin, Texas, United States
Department of Electrical and Computer Engineering, North Dakota State University, Fargo, North Dakota 58108, United States
School of Electrical and Computer Engineering, University of Oklahoma, Norman, Oklahoma 73019, United States
School of Industrial and Systems Engineering, University of Oklahoma, Norman, Oklahoma 73019, United States
Abstract
Determining the impact of dispatched generation in a power system spanning several regions under different jurisdictions presents a variety of challenges to the restructuring of the power industry. In this article several approaches are discussed, which may be useful in an improved design of interconnected regional power markets. In particular, a possible design improvement is presented which provides an insurance against uneven cost distribution by adding additional constraints that bound the costs in each region.
Keywords
Seams issues, multi-area optimal power flow, optimization models, net power interchange, power markets.
References
  • [1]  FERC Order, “Standard Market Design (SMD), Notice of Proposed Rulemaking (NOPR),” 2002.
  • [2]  R. Garg, “Electric transmission seams: A primer,” 2015.
  • [3]  A. J. Wood and B. F. Wollenberg, Power generation, operation, and control. John Wiley & Sons, 2012.
  • [4]  S. M. Harvey, “Proxy buses, seams and markets [draft],” NYISO Market Structures Working Group, Tech. Rep., May 2003.
  • [5]  B. H. Kim and R. Baldick, “Coarse-grained distributed optimal power flow,” IEEE Transactions on Power Systems, vol. 12, no. 2, pp. 932–939, 1997.
  • [6]  R. Baldick, B. H. Kim, C. Chase, and Y. Luo, “A fast distributed implementation of optimal power flow,” IEEE Transactions on Power Systems, vol. 14, no. 3, pp. 858–864, 1999.
  • [7]  A. J. Conejo and J. A. Aguado, “Multi-area coordinated decentralized dc optimal power flow,” Power Systems, IEEE Transactions on, vol. 13, no. 4, pp. 1272–1278, 1998.
  • [8]  A. J. Conejo, F. J. Nogales, and F. J. Prieto, “A decomposition procedure based on approximate newton directions,” Mathematical programming, vol. 93, no. 3, pp. 495–515, 2002.
  • [9]  F. J. Nogales, F. J. Prieto, and A. J. Conejo, “A decomposition methodology applied to the multi-area optimal power flow problem,” Annals of operations research, vol. 120, no. 1-4, pp. 99–116, 2003.
  • [10]  A. J. Conejo, E. Castillo, R. Minguez, and R. Garcia-Bertrand, Decomposition techniques in mathematical programming: engineering and science applications. Springer Science & Business Media, 2006.
  • [11]  A. G. Bakirtzis and P. N. Biskas, “A decentralized solution to the dc-opf of interconnected power systems,” Power Systems, IEEE Transactions on, vol. 18, no. 3, pp. 1007–1013, 2003.
  • [12]  P. N. Biskas, A. G. Bakirtzis, N. I. Macheras, and N. K. Pasialis, “A decentralized implementation of dc optimal power flow on a network of computers,” Power Systems, IEEE Transactions on, vol. 20, no. 1, pp. 25–33, 2005.
  • [13]  I. Midwest, “Joint operating agreement between the midwest independent transmission system operator,” Inc. and PJM interconnection, LLC Available from {www. midwestiso. org}, 2008.
  • [14]  R. Baldick and D. Chatterjee, “Final phase i report on coordinated regional dispatch framework,” 2010.
  • [15]  F. Zhao, E. Litvinov, and T. Zheng, “A new coordination algorithm for efficient dispatch of multiarea power systems,” in CIGRE Symposium, Paris, 2012.
  • [16]  ——, “A marginal equivalent decomposition method and its application to multi-area optimal power flow problems,” IEEE Transactions on Power Systems, vol. 1, no. 29, pp. 53–61, 2014.
  • [17]  S. M. Harvey, “TCC expansion awards for controllable devices: Initial discussion,” NYISO Market Structures Working Group, Tech. Rep., February 2002.
  • [18]  ISONE and NYISO, “Inter-Regional Interchange Scheduling (IRIS) Analysis and Options,” 2011.
  • [19]  P. Etingov, Y. V. Makarov, D. Wu, Z. Hou, Y. Sun, S. Maslennikov, X. Luo, T. Zheng, S. George, T. Knowland et al., “Uncertainty-based estimation of the secure range for iso new england dynamic interchange adjustment,” in T&D Conference and Exposition, 2014 IEEE PES. IEEE, 2014, pp. 1–5.
Copyright © 2020 Isaac Scientific Publishing Co. All rights reserved.