This paper outlines the fundamental features of the PJM day-ahead energy market and real-time energy market. The Day-ahead market is based on a voluntary least-cost security constrained unit commitment and dispatch with several fundamental design features that ensure the market is robust and competitive. This market offers market participants the option to lock in energy and transportation char...

The idea that large-scale generating units will operate at marginal cost when given the ability to offer their power for sale in a uniform price auction is at best wishful thinking. In fact, both real and experimental data show that the more uncertainty a supplier faces (e.g., load uncertainty, uncertainty of other suppliers, etc.) the more they will try to increase their profits by submitting ...

This paper developed a stochastic programming model that integrated the most recent regulation rules of the Spanish peninsular system for bilateral contracts in the day-ahead optimal bid problem. Our model allows a price-taker generation company to decide the unit commitment of the thermal and combined cycle programming units, the economic dispatch of the bilateral contracts between all the pro...

The failure of the UK e-university, known as UKeU, is an interesting case study for evaluating the effectiveness of ICT. Useful lessons can be learnt about the scale and focus of successful technologyenhanced learning in HE, and about project management. This case study brings the technological focus up-to-date with regard to earlier examples used in teaching students about best practise, such ...

Traffic and Patrol Police Service Platforms in short, TPPSP in the city have been playing an important role in dealing with emergency and traffic administration. The national college mathematical modeling contest of China in 2011 proposed the problem related to the optimal dispatch of TPPSP. However, only the case without any traffic congestion is considered for the problem. It is well known th...

Innovations in technologies, economic benefits, quality requirements and environmental concerns are changing the face of the existing power system. Centralized generating facilities are giving way to smaller, more distributed generation partially due to the loss of traditional economies of scale. The need of an intelligent grid, better known as Micro grid at the distribution end, has been recog...

A new scheduling method is proposed to manage efficiently the integration of renewable sources in microgrids (MGs) with energy storage systems (ESSs). The purpose of this work is to take into account the main stress factors influencing the ageing mechanisms of a battery energy storage system (BESS) in order to make an optimal dispatch of resources in the microgrid and enhance the storage system...

The increasing penetration of renewable energy in recent years has led to more uncertainties in power systems. In order to maintain system reliability and security, electricity market operators need to keep certain reserves in the SecurityConstrained Economic Dispatch (SCED) problems. A new concept, deliverable generation ramping reserve, is proposed in this paper. The prices of generation ramp...

With social economic reform in the past decades, the power industry of China is gradually evolving from a highly integrated one toward an electricity market, which can be characterized based on the transition of the power dispatch principle. To attract investment in the power generating industry, China introduced non-state-owned power plants to the original system of a highly vertically integra...

Economic Load Dispatch (ELD) is one of the essential components in power system control and operation. Although conventional ELD formulation can be solved using mathematical programming techniques, modern power system introduces new models of the power units which are non-convex, non-differentiable, and sometimes non-continuous. In order to solve such non-convex ELD problems, in this paper we p...