The Experts below are selected from a list of 675 Experts worldwide ranked by ideXlab platform

Lang Tong - One of the best experts on this subject based on the ideXlab platform.

  • A Scenario-oriented Approach for Energy-Reserve Joint Procurement and Pricing.
    2020
    Co-Authors: Jiantao Shi, Lang Tong, Ye Guo, Hongbin Sun
    Abstract:

    We propose a scenario-oriented approach for energy-reserve joint procurement and pricing for electricity market. In this model, without the empirical reserve requirements, reserve is procured according to all possible contingencies and load/renewable generation fluctuations with the minimum expected system total cost. The innovative locational marginal pricing approach for loads, generations and reserve and the associated settlement process are proposed. We show that payments from loads, payments to generators and Congestion Rent will reach their balance in the basecase as well as in all scenarios, so that revenue adequacy can be guaranteed for the system operator.

  • Generalized Coordinated Transaction Scheduling: A Market Approach to Seamless Interfaces
    IEEE Transactions on Power Systems, 2018
    Co-Authors: Yuting Ji, Lang Tong
    Abstract:

    A generalization of the coordinated transaction scheduling (CTS)-the state-of-the-art interchange scheduling-is proposed. Referred to as generalized coordinated transaction scheduling (GCTS), the proposed approach addresses major seams issues of CTS: the ad hoc use of proxy buses, the presence of loop flow as a result of proxy bus approximation, and difficulties in dealing with multiple interfaces. By allowing market participants to submit bids across market boundaries, GCTS also generalizes the joint economic dispatch that achieves seamless interchange without market participants. It is shown that GCTS asymptotically achieves seamless interface under certain conditions. GCTS is also shown to be revenue adequate in that each regional market has a nonnegative net revenue that is equal to its Congestion Rent. Numerical examples are presented to illustrate the quantitative improvement of the proposed approach.

Eric Zenón - One of the best experts on this subject based on the ideXlab platform.

  • El modelo HRV para la expansión óptima de redes de transmisión: Una aplicación a la red eléctrica de Ontario
    Economia Mexicana-nueva Epoca, 2012
    Co-Authors: Juan Rosellon, Juan Tregear, Eric Zenón
    Abstract:

    This paper presents an application of a mechanism that provides incentives to promote transmission network expansion in the electricity system of the Ontario province. Such a mechanism combines a merchant approach with a regulatory approach. It is based on the rebalancing of a two-part tariff within the framework of a wholesale electricity market with nodal pricing. The expansion of the network is carried out through auctions of financial transmission rights for congested links. The mechanism is tested for a simplified transmission grid with ten interconnected zones, ten nodes, eleven lines and seventy eight generators in the Ontario province. The simulation is carried out for both peak and non-peak scenarios. Considering Laspeyres weights, the results show that that prices converge to the marginal cost of generation, the Congestion Rent decreases, and the total social welfare increases.

  • Incentives for Transmission Investment in the PJM Electricity Market: FTRs or Regulation (or Both?)
    Utilities Policy, 2010
    Co-Authors: Juan Rosellon, Zdenka Myslikova, Eric Zenón
    Abstract:

    This paper presents an application of a mechanism that provides incentives to promote transmission network expansion in the area of the US electric system known as PJM. The applied mechanism combines the merchant and regulatory approaches to attract investment into transmission grids. It is based on rebalancing a two-part tariff in the framework of a wholesale electricity market with locational pricing. The expansion of the network is carried out through the sale of financial transmission rights for the congested lines. The mechanism is tested for 14-node and 17-node geographical coverage areas of PJM. Under Laspeyres weights, it is shown that prices converge to the marginal cost of generation, the Congestion Rent decreases, and the total social welfare increases. The mechanism is shown to adjust prices effectively given either non-peak or peak demand.

  • El modelo HRV para expansión óptima de redes de transmisión: aplicaciones en Ontario
    2010
    Co-Authors: Juan Rosellon, Juan Tregear, Eric Zenón
    Abstract:

    This paper presents an application of a mechanism that provides incentives to promote transmission network expansion in the electricity system of the Ontario province. Such a mechanism combines a merchant approach with a regulatory approach. It is based on the rebalancing of a two-part tariff within the framework of a wholesale electricity market with nodal pricing. The expansion of the network is carried out through auctions of financial transmission rights for congested links. The mechanism is tested for a simplified transmission grid with ten interconnected zones, ten nodes, eleven lines and seventy eight generators in the Ontario province. The simulation is carried out for both peak and non-peak scenarios. Considering Laspeyres weights, the results show that that prices converge to the marginal cost of generation, the Congestion Rent decreases, and the total social welfare increases.

  • El modelo HRV para expansión óptima de redes de transmisión: una aplicación a la red eléctrica de Ontario [The HRV Model for the Optimal Expansion of Transmission Networks: an Application to the Ontario Electricity Grid]
    2010
    Co-Authors: Juan Rosellon, Juan Tregear, Eric Zenón
    Abstract:

    This paper presents an application of a mechanism that provides incentives to promote transmission network expansion in the electricity system of the Ontario province. Such a mechanism combines a merchant approach with a regulatory approach. It is based on the rebalancing of a two-part tariff within the framework of a wholesale electricity market with nodal pricing. The expansion of the network is carried out through auctions of financial transmission rights for congested links. The mechanism is tested for a simplified transmission grid with ten interconnected zones, ten nodes, eleven lines and seventy eight generators in the Ontario province. The simulation is carried out for both peak and non-peak scenarios. Considering Laspeyres weights, the results show that that prices converge to the marginal cost of generation, the Congestion Rent decreases, and the total social welfare increases.

R. Goldoost-soloot - One of the best experts on this subject based on the ideXlab platform.

  • Locating and Sizing of Series FACTS Devices Using Line Outage Sensitivity Factors and Harmony Search Algorithm
    Energy Procedia, 2012
    Co-Authors: H. Javaheri, R. Goldoost-soloot
    Abstract:

    Abstract This paper proposes the use of series FACTS devices to relieve Congestion and enhance the security in restructured power system. Harmony search algorithm as a novel heuristic algorithm is employed for optimal locating and sizing of series FACTS devices. In order to reduce the solution space and to pinpoint the lines which are more suitable for FACTS device placement line outage sensitivity factors is employed. Two diffeRent objective functions are considered in the optimization problem, the first one is the total Congestion cost and the other is total generation cost. To validate the effectiveness of the proposed method and show its efficiency, the simulations are carried out on IEEE 14-bus test system. The results of the proposed method are compared with those obtained by particle swarm optimization and with those obtained by Congestion Rent contribution method.

Juan Rosellon - One of the best experts on this subject based on the ideXlab platform.

  • El modelo HRV para la expansión óptima de redes de transmisión: Una aplicación a la red eléctrica de Ontario
    Economia Mexicana-nueva Epoca, 2012
    Co-Authors: Juan Rosellon, Juan Tregear, Eric Zenón
    Abstract:

    This paper presents an application of a mechanism that provides incentives to promote transmission network expansion in the electricity system of the Ontario province. Such a mechanism combines a merchant approach with a regulatory approach. It is based on the rebalancing of a two-part tariff within the framework of a wholesale electricity market with nodal pricing. The expansion of the network is carried out through auctions of financial transmission rights for congested links. The mechanism is tested for a simplified transmission grid with ten interconnected zones, ten nodes, eleven lines and seventy eight generators in the Ontario province. The simulation is carried out for both peak and non-peak scenarios. Considering Laspeyres weights, the results show that that prices converge to the marginal cost of generation, the Congestion Rent decreases, and the total social welfare increases.

  • Incentives for Transmission Investment in the PJM Electricity Market: FTRs or Regulation (or Both?)
    Utilities Policy, 2010
    Co-Authors: Juan Rosellon, Zdenka Myslikova, Eric Zenón
    Abstract:

    This paper presents an application of a mechanism that provides incentives to promote transmission network expansion in the area of the US electric system known as PJM. The applied mechanism combines the merchant and regulatory approaches to attract investment into transmission grids. It is based on rebalancing a two-part tariff in the framework of a wholesale electricity market with locational pricing. The expansion of the network is carried out through the sale of financial transmission rights for the congested lines. The mechanism is tested for 14-node and 17-node geographical coverage areas of PJM. Under Laspeyres weights, it is shown that prices converge to the marginal cost of generation, the Congestion Rent decreases, and the total social welfare increases. The mechanism is shown to adjust prices effectively given either non-peak or peak demand.

  • El modelo HRV para expansión óptima de redes de transmisión: aplicaciones en Ontario
    2010
    Co-Authors: Juan Rosellon, Juan Tregear, Eric Zenón
    Abstract:

    This paper presents an application of a mechanism that provides incentives to promote transmission network expansion in the electricity system of the Ontario province. Such a mechanism combines a merchant approach with a regulatory approach. It is based on the rebalancing of a two-part tariff within the framework of a wholesale electricity market with nodal pricing. The expansion of the network is carried out through auctions of financial transmission rights for congested links. The mechanism is tested for a simplified transmission grid with ten interconnected zones, ten nodes, eleven lines and seventy eight generators in the Ontario province. The simulation is carried out for both peak and non-peak scenarios. Considering Laspeyres weights, the results show that that prices converge to the marginal cost of generation, the Congestion Rent decreases, and the total social welfare increases.

  • El modelo HRV para expansión óptima de redes de transmisión: una aplicación a la red eléctrica de Ontario [The HRV Model for the Optimal Expansion of Transmission Networks: an Application to the Ontario Electricity Grid]
    2010
    Co-Authors: Juan Rosellon, Juan Tregear, Eric Zenón
    Abstract:

    This paper presents an application of a mechanism that provides incentives to promote transmission network expansion in the electricity system of the Ontario province. Such a mechanism combines a merchant approach with a regulatory approach. It is based on the rebalancing of a two-part tariff within the framework of a wholesale electricity market with nodal pricing. The expansion of the network is carried out through auctions of financial transmission rights for congested links. The mechanism is tested for a simplified transmission grid with ten interconnected zones, ten nodes, eleven lines and seventy eight generators in the Ontario province. The simulation is carried out for both peak and non-peak scenarios. Considering Laspeyres weights, the results show that that prices converge to the marginal cost of generation, the Congestion Rent decreases, and the total social welfare increases.

H. Javaheri - One of the best experts on this subject based on the ideXlab platform.

  • Locating and Sizing of Series FACTS Devices Using Line Outage Sensitivity Factors and Harmony Search Algorithm
    Energy Procedia, 2012
    Co-Authors: H. Javaheri, R. Goldoost-soloot
    Abstract:

    Abstract This paper proposes the use of series FACTS devices to relieve Congestion and enhance the security in restructured power system. Harmony search algorithm as a novel heuristic algorithm is employed for optimal locating and sizing of series FACTS devices. In order to reduce the solution space and to pinpoint the lines which are more suitable for FACTS device placement line outage sensitivity factors is employed. Two diffeRent objective functions are considered in the optimization problem, the first one is the total Congestion cost and the other is total generation cost. To validate the effectiveness of the proposed method and show its efficiency, the simulations are carried out on IEEE 14-bus test system. The results of the proposed method are compared with those obtained by particle swarm optimization and with those obtained by Congestion Rent contribution method.