Title

A New Congested Flowgate Ranking Strategy in MISO Market Efficiency Planning Study

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)

9781479913039

International Standard Serial Number (ISSN)

1944-9925

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.

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