TY - JOUR
T1 - Congestion dispatch in a hybrid generation-rights market
AU - Xiao, Jian
AU - Wen, Fushuan
AU - Huang, Jiansheng
PY - 2011
Y1 - 2011
N2 - Policies on energy saving are implemented in more and more countries over recent years. In China, the generation-rights trade (GRT), as one of the widely practiced and effective measures, is playing a critical role in this regard. For most of the generation-rights markets, the centrally matchmaking trading is currently the predominant mode. Nevertheless another feasible mechanism for GRT, the bilateral contract, possesses certain complementary advantages over the matchmaking trade. It seems to be necessary to build up a hybrid market for GRT with both of the two trading mechanisms. By adopting the hybrid market, however, some new problems may occur, such as how to maintain equality and efficiency simultaneously when curtailing different trades in case of congestion. To address such a challenge, the authors proposed a coordinated congestion dispatching model for the hybrid generation-rights market. The model was designed with a number of modified versions aiming at non-discriminatory treatment to the different types of trade. The features of the proposed models were demonstrated in the case study using the IEEE one-area RTS96 system.
AB - Policies on energy saving are implemented in more and more countries over recent years. In China, the generation-rights trade (GRT), as one of the widely practiced and effective measures, is playing a critical role in this regard. For most of the generation-rights markets, the centrally matchmaking trading is currently the predominant mode. Nevertheless another feasible mechanism for GRT, the bilateral contract, possesses certain complementary advantages over the matchmaking trade. It seems to be necessary to build up a hybrid market for GRT with both of the two trading mechanisms. By adopting the hybrid market, however, some new problems may occur, such as how to maintain equality and efficiency simultaneously when curtailing different trades in case of congestion. To address such a challenge, the authors proposed a coordinated congestion dispatching model for the hybrid generation-rights market. The model was designed with a number of modified versions aiming at non-discriminatory treatment to the different types of trade. The features of the proposed models were demonstrated in the case study using the IEEE one-area RTS96 system.
UR - http://handle.uws.edu.au:8081/1959.7/552680
U2 - 10.1002/etep.495
DO - 10.1002/etep.495
M3 - Article
SN - 1430-144X
VL - 21
SP - 1046
EP - 1053
JO - European Transactions on Electrical Power
JF - European Transactions on Electrical Power
IS - 1
ER -