Auction market simulator for price based operation

Journal Article · Sun Feb 01 04:00:00 EST 1998 · IEEE Transactions on Power Systems

DOI:https://doi.org/10.1109/59.651643· OSTI ID:605731

Kumar, J; Sheble, G ^[1]

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1. Iowa State Univ., Ames, IA (United States). Dept. of Electrical and Computer Engineering

Through the passage of new public utility regulatory policies, the Federal Energy Regulatory Commission (FERC) encourages an open market system for price based operation. A previous paper describes a framework for price based operation and the associated technical issues in an auction market structure. This paper presents an auction market simulator to experimentally study the aspects of power system operation in price-based environment. The proposed simulator can also be used as a tool to train the system operators how to perform electric power transaction in the deregulated environment. This paper presents the simulation results of auction market for price based operation in the 24-bus, 10-generator IEEE Reliability Test System.

• OSTI ID: 605731
• Journal Information: IEEE Transactions on Power Systems, Journal Name: IEEE Transactions on Power Systems Journal Issue: 1 Vol. 13; ISSN ITPSEG; ISSN 0885-8950
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
DEREGULATION
ELECTRIC POWER INDUSTRY
ELECTRICITY
OWNERSHIP
POWER GENERATION
POWER TRANSMISSION
PRICES
SIMULATORS
SPOT MARKET
US FERC