Security constrained optimal dispatch for electricity markets
First Claim
1. A computer implemented system for optimal market dispatch for clearance and pricing of energy in an energy trading market spanning control areas of at least one market participant, said system comprising:
- means for inputting transmission security constraints of said at least one market participant;
means for clearing energy bids across said control areas;
means for optimizing the dispatch of energy considering said transmission security constraints of said at least one market participant; and
means for pricing the dispatch of energy considering said transmission security constraints.
4 Assignments
0 Petitions
Accused Products
Abstract
The present invention is an apparatus for optimizing security constrained dispatch and pricing for the wholesale energy trading market. The imbalance market uniquely requires a real-time market for bidding and for providing the energy generation adjustments required to satisfy the imbalance. The present invention address the above noted needs by providing a real-time imbalance engine to support and implement the equitable imbalance requirement via a computer system implementation. Additionally, the present invention allows the market generators and loads to provide electronic bids for resolution while considering constraints on the demand and supply system.
-
Citations
10 Claims
-
1. A computer implemented system for optimal market dispatch for clearance and pricing of energy in an energy trading market spanning control areas of at least one market participant, said system comprising:
-
means for inputting transmission security constraints of said at least one market participant;
means for clearing energy bids across said control areas;
means for optimizing the dispatch of energy considering said transmission security constraints of said at least one market participant; and
means for pricing the dispatch of energy considering said transmission security constraints. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
-
Specification