Market operations in electric power systems

By Mohammad Shahidehpour, H. Yamin, Zuyi Li. 2002

1,044 citations recorded by the source corpus.

Subfields: Electrical and Electronic Engineering

View Paper: https://www.semanticscholar.org/paper/34066ad846ad676f5563a60592e471a7181d6726

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Electrical and Electronic Engineering

1. Mohammad Shahidehpour
2. Rafal Weron
3. Antonio J. Conejo
4. Jianhui Wang
5. Zuyi Li
6. Fangxing Li
7. Rui Bo
8. Lei Wu

Citations in the corpus

• DCOPF-Based LMP simulation: algorithm, comparison with ACOPF, and sensitivity (2007, background): “Locational marginal prices (LMPs) may be decomposed into three components: marginal energy price, marginal congestion price, and marginal loss price [5], [6].”
• Wind power forecasting : state-of-the-art 2009. (2009, background): “The objective of the SCUC is to obtain a unit commitment schedule at minimum production cost without compromising the system security [323].”
• Energy price forecasting in the Ontario competitive power system market (2004, methodology): “These results, indicating fairly high error values, cannot be compared to any previous estimation since related reports found in the literature using neural networks take the daily average of the price to train and test the network eliminating the effect of the peaks [4], make a prediction for short”
• Optimal Hour-Ahead Bidding in the Real-Time Electricity Market with Battery Storage Using Approximate Dynamic Programming (2014, methodology): “…load, whereas the markets closer to the operating time correct for the small yet unpredictable deviations that may be caused by issues like weather, transmission problems, and generation outages (see, for example, Shahidehpour et al. 2002, Eydeland and Wolyniec 2003, Harris 2011 for more details).”
• Forecasting spot electricity prices: A comparison of parametric and semiparametric time series models (2008, methodology): “This approach was also inspired by the extensive research on demand forecasting, which has generally favored the multi-model specification for short-term predictions (Bunn, 2000, Shahidehpour et al., 2002, Weron, 2006).”
• Stochastic Security-Constrained Unit Commitment (2007, methodology): “The numerical tests are executed on a 3.1 GHz personal computer.”
• Marginal loss modeling in LMP calculation (2004, background): “In the traditional model [4], [6], [7], losses are added to the energy balance equation, however, the location of losses to be balanced is not explicitly indicated.”
• Market-Based Coordination of Transmission and Generation Capacity Planning (2007, background): “That is contains marginal energy component of LMP [31], [32].”
• Integrated Power and Natural Gas Model for Energy Adequacy in Short-Term Operation (2015, background): “consumer in the demanded amount (adequacy) for both normal and disturbed conditions (security) [20].”
• Different models and properties on LMP calculations (2006, background): “In some restructured markets, including the PJM interconnection, the New York market, and the New England market, Independent System Operators (ISO) are to implement the locational marginal pricing [1-3].”