Simulating the dynamic coupling of market and physical system operations

  title={Simulating the dynamic coupling of market and physical system operations},
  author={S. E. Widergren and J. M. Roop and R. T. Guttromson and Zhi Hai Huang},
  journal={IEEE Power Engineering Society General Meeting, 2004.},
  pages={748-753 Vol.1}
As energy trading products cover shorter time periods and demand response programs move toward real-time pricing, financial market-based activity impacts ever more directly the physical operation of the system. To begin to understand the complex interactions between the market-driven operation signals, the engineered controlled schemes, and the laws of physics, new system modeling and simulation techniques must be explored. This discussion describes requirements for interactions and an approach… CONTINUE READING