Isaac Scientific Publishing

International Journal of Power and Energy Research

Optimization Models in the Design of Interconnected Regional Power Markets

Download PDF (912.2 KB) PP. 1 - 16 Pub. Date: April 2, 2020

DOI: 10.22606/ijper.2020.41001

Author(s)

  • Alexander M. Malyscheff*
    School of Electrical and Computer Engineering, University of Oklahoma, Norman, Oklahoma 73019, United States
  • Milad Javadi
    Lower Colorado River Authority, Transmission Services Corporation, Transmission Planning Department, Austin, Texas, United States
  • Di Wu
    Department of Electrical and Computer Engineering, North Dakota State University, Fargo, North Dakota 58108, United States
  • John N. Jiang
    School of Electrical and Computer Engineering, University of Oklahoma, Norman, Oklahoma 73019, United States
  • Theodore B. Trafalis
    School of Industrial and Systems Engineering, University of Oklahoma, Norman, Oklahoma 73019, United States

Abstract

Determining the impact of dispatched generation in a power system spanning several regions under different jurisdictions presents a variety of challenges to the restructuring of the power industry. In this article several approaches are discussed, which may be useful in an improved design of interconnected regional power markets. In particular, a possible design improvement is presented which provides an insurance against uneven cost distribution by adding additional constraints that bound the costs in each region.

Keywords

Seams issues, multi-area optimal power flow, optimization models, net power interchange, power markets.

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