Flow-Based Transmission Rights and Congestion Management
نویسنده
چکیده
ransmission is playing an increasingly vital role in the modern electric power system. The transmission network is critical for system reliability and security by physically connecting geographically dispersed regions; at the same time, it enables economies of scale in generation plants, economies from pooling diverse demands and supplies, and economies from maintenance coordination. As competition is introduced through industry reforms around the world, transmission assumes new strategic importance in supporting market trading between individual buyers and sellers. Despite the widespread experience of electricity restructuring during the past decade, important issues remain unsettled concerning the best way to organize transmission to support reliability management and market trading. Some related issues are documented in a recent Federal Energy Regulatory Commission (FERC) order regarding the formation of regional transmission organizations. 1
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