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.
Recommended Citation
R. Bo 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), pp. 1 - 5, Institute of Electrical and Electronics Engineers (IEEE), Jul 2013.
The definitive version is available at https://doi.org/10.1109/PESMG.2013.6672487
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
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.
Publication Date
01 Jul 2013
