Transmission market support system
- Stone and Webster Advanced Systems Development Services, Inc., Boston, MA (United States)
- Stone and Webster, Inc., New York, NY (United States)
An interactive, computer-based market support system has been developed for transmission access that is efficient, equitable, and fair to all parties concerned with electrical transmission: utilities, electric generators, owners of transmission networks, and wholesale purchasers of electrical power. Each participant transmits electronically to the computer system his proposed price schedule for buying, selling, or transmitting power for each future time period. The price for transmission on a single line in one direction can differ from the price in the other direction. The total quantity offered in the transmission bid represents the capacity of the line, and the flow on the line cannot exceed this value. The system automatically computes the prices that clear the market; that is, the price that each generator receives at each bus, the price that each transmission operator receives on each line, and the price that each customer pays at each bus. The computer system maximizes the benefits to all three classes while satisfying the electrical characteristics of the transmission system by means of load flow calculations. Customers never pay more than their bid prices (but may pay less), and generators and transmission operators never receive less than their bid prices (but may receive more). The price at each bus applies to all buyers and sellers at that bus: all buyers at the same bus pay the same price and all generators at a bus receive the same price.
- OSTI ID:
- 94238
- Report Number(s):
- CONF-950414-; TRN: 95:018763
- Resource Relation:
- Conference: 57. annual American power conference, Chicago, IL (United States), 18-20 Apr 1995; Other Information: PBD: 1995; Related Information: Is Part Of Proceedings of the American Power Conference: Volume 57-I; PB: 874 p.
- Country of Publication:
- United States
- Language:
- English
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