Locational Pricing and Scheduling for an Integrated Energy-Reserve Market

@inproceedings{Chen2003LocationalPA,
  title={Locational Pricing and Scheduling for an Integrated Energy-Reserve Market},
  author={Jie Chen and James S. Thorp and Robert J. Thomas and Timothy D. Mount},
  booktitle={HICSS},
  year={2003}
}
It is well known that given a network that can become constrained on voltage or real power flows, reserves must also be spatially located in order to handle all credible contingencies. However, to date, there is no credible science-based method for assigning and pricing reserves in this way. Presented in this paper is a new scheduling algorithm incorporating constraints imposed by grid security considerations, which include one base case (intact system) and a list of possible contingencies… CONTINUE READING
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