TY - GEN
T1 - Real-time Market-to-Market Oscillation Management
AU - Yang, Yafei
AU - Wang, Fengyu
AU - Chen, Yonghong
AU - Wu, Lei
N1 - Publisher Copyright:
© 2021 IEEE.
PY - 2021
Y1 - 2021
N2 - Midcontinent Independent System Operator (MISO) and its neighboring RTOs implemented the coordinated market-to-market (M2M) congestion management process, by exchanging congestion and shadow price information to achieve co-operatively economic dispatch between two regional transmission operators (RTO). The allocation of congestion relief quantities on the two sides is managed by the monitoring RTO. That is, the monitoring RTO calculates the congestion relief request and sends it to the non-monitoring side. The M2M process aims to improve congestion management and price convergence between RTOs, but the M2M oscillation may occur under certain circumstances. Such an M2M oscillation may hamper the system reliability and increase congestion management costs. This paper identifies the root cause of M2M oscillation and proposes three enhancements in M2M relief request calculation to address this issue. The effectiveness of the proposed enhancements is validated on an M2M simulation tool developed by MISO.
AB - Midcontinent Independent System Operator (MISO) and its neighboring RTOs implemented the coordinated market-to-market (M2M) congestion management process, by exchanging congestion and shadow price information to achieve co-operatively economic dispatch between two regional transmission operators (RTO). The allocation of congestion relief quantities on the two sides is managed by the monitoring RTO. That is, the monitoring RTO calculates the congestion relief request and sends it to the non-monitoring side. The M2M process aims to improve congestion management and price convergence between RTOs, but the M2M oscillation may occur under certain circumstances. Such an M2M oscillation may hamper the system reliability and increase congestion management costs. This paper identifies the root cause of M2M oscillation and proposes three enhancements in M2M relief request calculation to address this issue. The effectiveness of the proposed enhancements is validated on an M2M simulation tool developed by MISO.
KW - Market-to-market coordination
KW - SEAMS
KW - congestion management
KW - security-constrained economic dispatch
UR - http://www.scopus.com/inward/record.url?scp=85124163979&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85124163979&partnerID=8YFLogxK
U2 - 10.1109/PESGM46819.2021.9638189
DO - 10.1109/PESGM46819.2021.9638189
M3 - Conference contribution
AN - SCOPUS:85124163979
T3 - IEEE Power and Energy Society General Meeting
BT - 2021 IEEE Power and Energy Society General Meeting, PESGM 2021
T2 - 2021 IEEE Power and Energy Society General Meeting, PESGM 2021
Y2 - 26 July 2021 through 29 July 2021
ER -