Article
A New Congested Flowgate Ranking Strategy in MISO Market Efficiency Planning Study
Proceedings of the 2013 IEEE Power and Energy Society General Meeting (2013, Vancouver, Canada)
Abstract
In MISO Market Efficiency Planning Study, a critical task is to pick from congested flowgates the ones that have the most potential economic benefits. A new ranking strategy, Estimated Potential Benefit (EPB), is proposed. To compare the performance of the new proposed ranking strategy with commonly used ones, ranking correctness index is introduced as a quantitative measure. EPB not only has the most comparable physical meaning to the actual potential benefit, but also has been verified to outperform other ranking strategies, especially when only the very top ranked flowgates are to be picked.
Meeting Name
2013 IEEE Power and Energy Society General Meeting, PES 2013 (2013: Jul. 21-25, Vancouver, Canada)
Department(s)
Electrical and Computer Engineering
Keywords and Phrases
- Congested Flowgates,
- Cost Allocation,
- Economic Benefits,
- Flowgate Ranking,
- Power Markets,
- Energy Management,
- Energy Resources,
- Commerce,
- Economic Benefit
International Standard Book Number (ISBN)
978-1479913039
Document Type
Article - Conference proceedings
Document Version
Citation
File Type
text
Language(s)
English
Rights
© 2013 Institute of Electrical and Electronics Engineers (IEEE), All rights reserved.
Publication Date
7-1-2013
Publication Date
01 Jul 2013
Disciplines
Citation Information
Rui Bo, Liangying Hecker, Yang Gu, James Okullo, et al.. "A New Congested Flowgate Ranking Strategy in MISO Market Efficiency Planning Study" Proceedings of the 2013 IEEE Power and Energy Society General Meeting (2013, Vancouver, Canada) (2013) p. 1 - 5 ISSN: 1944-9925 Available at: http://works.bepress.com/rui-bo/7/