Coordinated Transaction Scheduling in Multi-Area Power Systems with Strategic Participants

Mariola Ndrio, Subhonmesh Bose, Ye Guo, Lang Tong

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

In this paper we focus on the tie-line scheduling problem in multi-area power systems. We discuss two scheduling schemes: the theoretical method of tie optimization (TO) and the state of the art-coordinated transaction scheduling (CTS). Through game-theoretic analysis we compare the outcome of CTS with that of TO and show that the TO result can be achieved provided sufficient liquidity in the market. When CTS market participants learn to bid/offer over time, simulation results confirm that increased market liquidity leads to more efficient tie-line schedules.

Original languageEnglish (US)
Title of host publication2019 IEEE Power and Energy Society General Meeting, PESGM 2019
PublisherIEEE Computer Society
ISBN (Electronic)9781728119816
DOIs
StatePublished - Aug 2019
Event2019 IEEE Power and Energy Society General Meeting, PESGM 2019 - Atlanta, United States
Duration: Aug 4 2019Aug 8 2019

Publication series

NameIEEE Power and Energy Society General Meeting
Volume2019-August
ISSN (Print)1944-9925
ISSN (Electronic)1944-9933

Conference

Conference2019 IEEE Power and Energy Society General Meeting, PESGM 2019
CountryUnited States
CityAtlanta
Period8/4/198/8/19

Keywords

  • coordinated transaction scheduling
  • game theory
  • seams issues

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Nuclear Energy and Engineering
  • Renewable Energy, Sustainability and the Environment
  • Electrical and Electronic Engineering

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