000 08653nam a2200601 i 4500
001 7601573
003 IEEE
005 20220712205935.0
006 m o d
007 cr |n|||||||||
008 171108s2008 maua ob 001 eng d
010 _z 2017394303 (print)
020 _a9781119083016
_qelectronic
020 _z9781118984543
_qhbk
020 _z1118984544
_qhbk
024 7 _a10.1002/9781119083016
_2doi
035 _a(CaBNVSL)mat07601573
035 _a(IDAMS)0b00006485749c1e
040 _aCaBNVSL
_beng
_erda
_cCaBNVSL
_dCaBNVSL
050 4 _aTK3091
_b.P678 2017eb
245 0 0 _aPower grid operation in a market environment :
_beconomic efficiency and risk mitigation /
_cedited by Hong Chen.
264 1 _aPiscataway, New Jersey :
_bIEEE Press/Wiley,
_c[2017]
264 2 _a[Piscataqay, New Jersey] :
_bIEEE Xplore,
_c[2016]
300 _a1 PDF (xix, 260 pages) :
_billustrations.
336 _atext
_2rdacontent
337 _aelectronic
_2isbdmedia
338 _aonline resource
_2rdacarrier
490 1 _aIEEE Press series on power engineering
504 _aIncludes bibliographical references and index.
505 0 _aFOREWORD 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.
505 8 _a5.1 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. Il�ic -- 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.
506 _aRestricted to subscribers or individual electronic text purchasers.
520 _aCovers the latest practices, challenges and theoretical advancements in the domain of balancing economic efficiency and operation risk mitigation This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretic advancements to address those challenges. The book is divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in energy markets. The second part discusses developing technologies to strengthen the use of the grid in energy markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. The third part focuses on stochastic applications, exploring new approaches of handling uncertainty in Security Constrained Unit Commitment (SCUC) as well as the reserves needed for power system operation. The fourth part provides ongoing efforts of utilizing transmission facilities to improve market efficiency, via transmission topology control, transmission switching, transmission outage scheduling, and advanced transmission technologies. Besides the state-of-the-art review and discussion on the domain of balancing economic efficiency and operation risk mitigation, this book: . Describes a new approach for mass market demand response management, and introduces new criteria to improve system performance with large scale variable generation additions. Reviews mathematic models and solution methods of SCUC to help address challenges posed by increased operational uncertainties with high-penetration of renewable resources. Presents a planning framework to account for the value of operational flexibility in transmission planning and to provide market mechanism for risk sharing Power Grid Operations in a Market Environment: Economic Efficiency and Risk Mitigation is a timely reference for power engineers and researchers, electricity market traders and analysts, and market designers.
530 _aAlso available in print.
538 _aMode of access: World Wide Web
588 _aDescription based on PDF viewed 11/08/2017.
650 0 _aElectric power distribution
_xEconomic aspects.
_928913
650 0 _aElectric power transmission
_xEconomic aspects.
_928914
650 0 _aElectric power systems
_xEconomic aspects.
_928915
650 0 _aElectric utilities
_xEconomic aspects.
_926797
650 7 _aElectric power distribution
_xEconomic aspects.
_2fast
_928913
650 7 _aElectric power systems
_xEconomic aspects.
_2fast
_928915
650 7 _aElectric power transmission
_xEconomic aspects.
_2fast
_928914
650 7 _aElectric utilities
_xEconomic aspects.
_2fast
_926797
655 0 _aElectronic books.
_93294
700 1 _aChen, Hong,
_eeditor.
_928916
710 2 _aIEEE Xplore (Online Service),
_edistributor.
_928917
710 2 _aWiley,
_epublisher.
_928918
776 0 8 _iPrint version:
_z9781118984543
830 0 _aIEEE Press series on power engineering
_97125
856 4 2 _3Abstract with links to resource
_uhttps://ieeexplore.ieee.org/xpl/bkabstractplus.jsp?bkn=7601573
942 _cEBK
999 _c74466
_d74466