Sharif Digital Repository

Reactive market power assessment is an important issue for ISOs and the regulators of the reactive power market. Due to the localized characteristics of reactive power as a technical support and its monopsonistic nature as an economic commodity, a vivid reactive market power index including market share, demand side and cost is not achieved yet. In this paper, a new reactive market power index is presented which is based on bidding strategy deviation of the GENCOs after establishing a uniform price auction reactive market. Not knowing others' offers to ISO, each unit faces a bidding strategy problem that is solved using game theory. Considering its production costs, the unit uses the... 

One of the major problems in liberalized power markets is loss allocation. In this paper, a new method for allocating transmission losses to pool market participants is proposed. The proposed method is fundamentally based on Bialek's "Tracing the flow of electricity" method. The losses is allocated to market participants using the loss weight factors (LWFs) which are obtained from the square current magnitude and Z-bus matrix. The LWF method is based on a solved load flow and strongly emphasizes on current magnitude while considers network topology. The method has been implemented and tested on several networks and one sample summarized in the paper. The results show that the method has an... 

Genco's offering strategies could change SCUC convergence; as a result, generation plants profit is adjusted. The minimum profit alteration with production changeless, defined as discrete strategies. Here, different discrete strategy base on marginal cost was tested and compare with other strategies. Revenue was calculated with game theory method to find Nash equilibrium as mix game; then, market power indices was estimated. These models help ISO to simulate power market and analyze it before markets occurred. Because of uncertainty in producer's strategy, model was implemented in probabilistic pivotal strategy and finally checked simulation on IEEE 30 buses test case system and market power... 

In this paper, AC Optimal Power Flow combined with UPFC has been used to manage the congestion of transmission lines in a restructured power system with pool market model. The modeling of Unified Power Flow Controller (UPFC) has been adopted based on bipolar model and power injection method. To determine an appropriate location for UPFC as well as to set its parameters, an approach based on genetic algorithm has been suggested. The modified IEEE 14-bus system is used to determine the effectiveness and applicability of the proposed method and results are discussed. ©2006 IEEE  

This paper proposes a dynamic time simulation model for long-term generation capacity investment decisions in the presence of either perfect or imperfect electricity market. The model is based on system dynamics concept in which the dynamics of capacity construction is traced using the forecast of electricity price cleared in the short-term electricity market. Both the perfect and oligopolistic competitions are considered and a market power index is defined to evaluate the competition level of the electricity market. The short-term and long-term dynamic analysis are used to represent the generation firms' behavior in bidding strategy and capacity investment, respectively. Both possibilities... 

This paper investigates various approaches to relieve the transient stability constraint in restructured power systems. The approaches adopted fall into two broad categories: those based on eliminating the constraint in the least-cost way and those based on eliminating with the least possible rescheduling. The latter group can, on the other hand, emerge in the form of a pool-protected policy in which the bilateral contracts are rescheduled to maintain the stability or in the form of a contract-protected policy in which the realizable bilateral contracts are maximized while minimizing the rescheduling in pool market. Transient energy function (TEF) method is used as a tool to calculate the... 

One of the major problems in liberalized power markets is loss allocation. In this paper, a different method for allocating transmission losses to pool market participants is proposed. The proposed method is fundamentally based on decomposition of loss function and current projection concept. The method has been implemented and tested on several networks and one sample summarized in the paper. The results show that the method is comprehensive and fair to allocating the energy losses of a power market to its participants  

This paper describes a new method for analyzing the bidding strategies of Generating Companies (GENCOs) in the Independent System Operator (ISO) point of view. ISO uses these results to detect the participants that have the potential for market power or actual exercise of market power. ISO models all GENCOs with perfect information. The proposed methodology uses the marginal cost of GENCOs as an initial point for bidding strategies of GENCOs and improves bidding strategies based on the objective function of GENCOs, the state of them in each hour of the day and with regard to ISO's market clearing problem. ISO tries to maximize the social welfare or minimize consumer's payments. The model... 

This paper proposes a method for unit commitment in restructured power systems with high penetration of wind farms. As wind is an intermittent source of energy and can not be predicted with high accuracy, reliability of wind farms compare to conventional power plants is lower. By increasing penetration of wind farms in generation system, reliability of power system will decrease. Therefore, reliability constraint should be added to unit commitment (UC) formulation. On the other hand, wind is a green source of energy; additionally environmental crisis is very important issue in the 21st century. By adding emission constraint to UC, wind energy will be valued. Both reliability and emission... 

Flexible ramping product (FRP) has been recently launched in a number of electricity markets to enhance the power grid flexibility and accommodate additional deals of uncertainty introduced by renewable energy resources. The FRP procures additional ramp capacities provided by the dispatchable generating units and consumers in the real-time market (RTM) with the aim to enhance the ability of supply to closely follow the net-load at the next immediate time-interval. An important challenge in widespread adoption of this technology is a key question: Does the available energy capacity of the RTM participants contain sufficient ramp capacity to tackle the net-load uncertainties? Indeed, shortage... 

Distributed energy resources (DERs) play an important role in the future vision of distribution energy networks. This paper with the aim of promoting DERs role in energy markets proposes a new framework for the optimal bidding strategy of a Technical Virtual Power Plant (TVPP) in different markets. In the proposed framework, it is assumed that the TVPP energy power is distributed throughout a multi-carrier energy network (MCEN) which consists of district heat networks (DHNs) and a distributed electricity network (DEN). In the MCEN, CHP units are the linkage between DHNs and DEN. With the goal of maximizing the profit of TVPP in different local and wholesale energy markets, a bi-level... 

Technical virtual power plant (TVPP) aggregates distributed energy resources in order to trade in wholesale electricity market while taking operational constraints of network into account and offering services to distribution system operator. This article presents a new framework to incorporate the reliability of distribution network into designing the optimal bidding strategy of a TVPP in day-ahead energy market. In the proposed framework, the TVPP determines the multisteps biddings as pairs of power and price aiming at maximizing its profit in market while minimizing the outage costs due to contingency occurrences. The model is formulated as a bilevel optimization problem in which the... 

Electricity companies have been under a great pressure to improve their technical and financial performances in order to survive and thrive in the deregulated environment. Therefore, these companies are seeking for innovative approaches to take the most out of the restricted resources. These approaches inherently concentrate the available budgets to the most critical components. In this regard, prioritizing the system components and identifying the most critical ones play a vital role in the planning and operation of the system. This paper presents a novel approach to prioritize power transmission system components. In the proposed methodology, a criticality factor is defined and implemented... 

Technical virtual power plant (TVPP) plays an important role in modern power systems by coordinating distributed energy resources (DERs) to participate in wholesale electricity market. This paper presents a framework for TVPP's energy management in an active distribution system with diverse uncertain DERs. The TVPP participates in wholesale day-ahead (DA) market and schedules DERs in order to maximize its profit, while considers actual locations of DERs in the network and takes network operational constraints into account. Many diverse DERs including DGs, renewable energy sources (RESs), and several load sectors comprising EVs, heating, ventilation, and air conditioning (HVAC) systems and... 

One of the major problems in liberalized power markets is loss allocation. In this paper, a new method for allocating transmission losses to pool market participants is proposed. The proposed method is fundamentally based on Bialek's "Tracing the flow of electricity" method. The losses is allocated to market participants using the loss weight factors (LWFs) which are obtained from the square current magnitude and Z-bus matrix. The LWF method is based on a solved load flow and strongly emphasizes on current magnitude while considers network topology. The method has been implemented and tested on several networks and one sample summarized in the paper. The results show that the method has an... 

A major challenge for designers of competitive electricity markets is to devise market rules that limit the capability of electricity producers to exercise market power. Market power is the ability of a firm owning generation assets to raise the market price by its bidding behavior and to profit from this price increase. In addition, an important plan of market monitoring units in long term and competition policy framework is to persuade the participants to bid prices near to their marginal costs. Therefore, estimation of marginal cost function is important in way that Regulatory use it to increase competition in electricity markets. Bid price of the power plant to the power market contains... 

This paper presents a new framework for multistage expansion planning in active power distribution networks, in which the distribution system operator (DSO) considers active network management by clearing the local energy market at the distribution level. The proposed model is formulated as a bi-level optimization problem, where the upper level minimizes the net present value of the total costs imposed to DSO associated with the investment and maintenance of the network assets as well as the network operation, while the lower level on clearing the local energy market captures the participation of distributed energy resource (DER) owners and demand aggregators to maximize the social welfare....