Dispatching in Unbundled Electricity Markets

Yong-Hua Song and Jing Sun
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Yong-Hua Song: University of Liverpool
Jing Sun: Beihang University

Chapter 31 in Handbook Utility Management, 2008, pp 521-542 from Springer

Abstract: Abstract Throughout the world, unprecedented reform and restructuring of the electric power industry has imposed tremendous challenges on the operation of power systems under this new environment. Regardless of the market structures that may emerge in various parts of the world, system security, reliability, and quality of supply must be maintained. Faced by an increasingly complicated co-existence of technical and economical considerations, new computational tools and software systems are in great demand by generators, system operators, retailers, and other market participants to help them to meet operating, scheduling, planning, and financial requirements. This chapter covers all the major operational issues, such as scheduling and dispatch, congestion management, available transfer capability calculation, price forecasting and optimal bidding strategies.

Keywords: unbundled electricity markets; dispatch; operation (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/978-3-540-79349-6_31

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