Energy and ancillary service dispatch for the interim ISO New England electricity market

Since the Federal Energy Regulatory Commission's (FERC) order no. 888 has mandated the establishment of unbundled electricity markets in the newly deregulated environment, competitive bidding of ancillary services, along with bidding of energy, becomes increasingly important. In this paper, an...

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Bibliographic Details
Published in:IEEE transactions on power systems 2000-08, Vol.15 (3), p.968-974
Main Authors: Cheung, K.W., Shamsollahi, P., Sun, D., Milligan, J., Potishnak, M.
Format: Article
Language:English
Subjects:
Ancillary services
Control systems
Costs
Deregulation
Electric power generation
Electricity
Electricity supply industry
Electricity supply industry deregulation
ISO
Markets
Mathematical models
Pools
Power generation
Power generation dispatch
Power markets
Sun
System testing
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Summary:Since the Federal Energy Regulatory Commission's (FERC) order no. 888 has mandated the establishment of unbundled electricity markets in the newly deregulated environment, competitive bidding of ancillary services, along with bidding of energy, becomes increasingly important. In this paper, an optimization-based framework for solving a multi-commodity electricity market dispatch problem is presented. In compliance with New England Power Pool (NEPOOL) Market Rules and Procedures, a hybrid dispatch method which combines the sequential dispatch method with the joint dispatch method is proposed to solve the energy and ancillary dispatch problem for ISO New England (ISO-NE). Numerical results on a 6-unit test system and the 324-unit ISO-NE system are included.
ISSN:0885-8950
1558-0679
DOI:10.1109/59.871720