Congestion and Price Prediction under Load Variation
Abstract
In market-based planning and operation, it is always useful to have the information of generation dispatch, congestion and price as load increases. Therefore, it is very beneficial to system planners if the congestion or LMP versus load is readily available. This can certainly be obtained by repetitively running an optimization model at different load levels. However, this approach is too brute-force to be practical. In this paper, an efficient algorithm is proposed to identify the new binding constraint and the new marginal unit set when the system load increases from the present load level. It addresses the challenge of step changes in generation dispatch when a generation or transmission limit becomes binding. The algorithm also gives the new sensitivity of the new marginal units. Therefore, the generation dispatch, congested lines, and LMP at a new critical load level (CLL) can be easily calculated. Test results are presented in matrix formulation to clearly demonstrate and verify the proposed algorithm. Since the proposed approach is based on linearized model, it should be particularly suitable for short-term planning or operation, although application to long-term planning is also possible.
Recommended Citation
F. Li and R. Bo, "Congestion and Price Prediction under Load Variation," Proceedings of the 2009 IEEE Power and Energy Society General Meeting (2009, Calgary, Canada), p. 1, Institute of Electrical and Electronics Engineers (IEEE), Jul 2009.
The definitive version is available at https://doi.org/10.1109/PES.2009.5275462
Meeting Name
2009 IEEE Power and Energy Society General Meeting, PES '09 (2009: Jul. 26-30, Calgary, Canada)
Department(s)
Electrical and Computer Engineering
Keywords and Phrases
Critical Load; Efficient Algorithm; Generation Dispatch; Linearized Models; Load Levels; Load Variations; Long Term Planning; Marginal Units; Matrix Formulation; Optimization Models; Price Prediction; Short Term Planning; Step Changes; System Loads; Test Results; Transmission Limits; Algorithms; Binding Energy; Potential Energy; Potential Energy Surfaces; Loads (forces)
International Standard Book Number (ISBN)
978-1424442416
International Standard Serial Number (ISSN)
1932-5517
Document Type
Article - Conference proceedings
Document Version
Citation
File Type
text
Language(s)
English
Rights
© 2009 Institute of Electrical and Electronics Engineers (IEEE), All rights reserved.
Publication Date
01 Jul 2009
