The security-constrained commitment and dispatch for Midwest ISO day-ahead co-optimized energy and ancillary service market

Ma, Xingwang; Song, Hwachang; Miao, Hong; Wan, Jie; Chen, Yonghong; Zak, Eugene

doi:10.1109/pes.2009.5275943

Cited by 50 publications

(37 citation statements)

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“…MISO supports the integrated co-optimization of energy and Operating Reserve (OR) in both a Day-Ahead Market (DAM) and a Real-Time Market (RTM) [28,29,30,31]. The operation of MISO's DAM and RTM is similar to the operation of PJM's DAEM and RTEM except that MISO's DAM and RTM permit supply offers for OR.…”

Section: Miso Operating Reserve Acquisitionmentioning

confidence: 99%

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Project report : a survey of operating reserve markets in U.S. ISO/RTO-managed electric energy regions.

Report¹,

Ellison

Tesfatsion

et al. 2012

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This survey was undertaken as part of the initial phase of a larger market design project. The goal of the project is to design a wholesale electric power market such that electric energy storage (EES) resources are permitted to participate and receive compensation that is commensurate with the benefits they provide to the grid. This survey compares and contrasts 3 operating reserve markets in the seven U.S. ISO/RTO-managed electric energy regions. The reserve market categories employed in each energy region are placed into a common framework. The terminology used for reserve markets in each region, as well as the characteristics of these markets, is discussed. Finally, the market procedures currently in place in the seven energy regions for the procurement, settlement, and allocation of costs for reserves are examined.keywords: Power market design, ancillary services, operating reserve, frequency control, and electrical energy storage.4 Acknowledgment

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Section: Miso Operating Reserve Acquisitionmentioning

confidence: 99%

“…Demand response resources (DRRs) are permitted to participate in the DAM and the RTM [28,29]. DRR are divided into two categories, as follows.…”

Section: Miso Operating Reserve Acquisitionmentioning

confidence: 99%

Project report : a survey of operating reserve markets in U.S. ISO/RTO-managed electric energy regions.

Report¹,

Ellison

Tesfatsion

et al. 2012

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“…Under both the Midwest ISO's Day Ahead (DA) market and its Reliability Assessment Commitment (RAC) [2,3], energy is cooptimized with regulating and contingency reserves in the Security Constrained Unit Commitment (SCUC) and the DA Security Constrained Economic Dispatch (SCED) software on an hourly basis. Under the Midwest ISO's Real Time (RT) market [2,4], energy is cooptimized with regulating and contingency reserves in the RT SCED software every 5 min.…”

Section: Highlights Of Midwest Iso Sced Formulation Without Type-1 Drrmentioning

confidence: 99%

“…Under the Midwest ISO's Real Time (RT) market [2,4], energy is cooptimized with regulating and contingency reserves in the RT SCED software every 5 min.…”

Section: Highlights Of Midwest Iso Sced Formulation Without Type-1 Drrmentioning

confidence: 99%

“…Hence, regulating reserve is a higher quality product than spinning reserve, and spinning reserve is a higher quality product than supplemental reserve. Reserve prices will be cascading, meaning the regulating reserve Market Clearing Price (MCP) must be no less than the spinning reserve MCP, and the spinning reserve MCP must be no less than the supplemental reserve MCP [2,3]. When a maximum limit is set on the operating reserves that can be provided by interruptible load, reserve price separation may occur between generation-based resources and Type-1 DRRs.…”

Section: Introductionmentioning

confidence: 99%

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Comparison of security constrained economic dispatch formulations to incorporate reliability standards on demand response resources into Midwest ISO co-optimized energy and ancillary service market

Chen¹,

Li²

2011

Electric Power Systems Research

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A New Swing‐Contract Design for Wholesale Power Markets

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The security-constrained commitment and dispatch for Midwest ISO day-ahead co-optimized energy and ancillary service market

Cited by 50 publications

References 2 publications

Project report : a survey of operating reserve markets in U.S. ISO/RTO-managed electric energy regions.

Project report : a survey of operating reserve markets in U.S. ISO/RTO-managed electric energy regions.

Comparison of security constrained economic dispatch formulations to incorporate reliability standards on demand response resources into Midwest ISO co-optimized energy and ancillary service market

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