Real-time Market-to-Market Oscillation Management

Yafei Yang; Fengyu Wang; Yonghong Chen; Lei Wu

doi:10.1109/PESGM46819.2021.9638189

Real-time Market-to-Market Oscillation Management

Yafei Yang
, Fengyu Wang
, Yonghong Chen
, Lei Wu

Department of Electrical and Computer Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

4 Scopus citations

Abstract

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.

Original language	English
Title of host publication	2021 IEEE Power and Energy Society General Meeting, PESGM 2021
ISBN (Electronic)	9781665405072
DOIs	https://doi.org/10.1109/PESGM46819.2021.9638189
State	Published - 2021
Event	2021 IEEE Power and Energy Society General Meeting, PESGM 2021 - Washington, United States Duration: 26 Jul 2021 → 29 Jul 2021

Publication series

Name	IEEE Power and Energy Society General Meeting
Volume	2021-July
ISSN (Print)	1944-9925
ISSN (Electronic)	1944-9933

Conference

Conference	2021 IEEE Power and Energy Society General Meeting, PESGM 2021
Country/Territory	United States
City	Washington
Period	26/07/21 → 29/07/21

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Market-to-market coordination
SEAMS
congestion management
security-constrained economic dispatch

Access to Document

10.1109/PESGM46819.2021.9638189

Cite this

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title = "Real-time Market-to-Market Oscillation Management",

abstract = "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.",

keywords = "Market-to-market coordination, SEAMS, congestion management, security-constrained economic dispatch",

author = "Yafei Yang and Fengyu Wang and Yonghong Chen and Lei Wu",

note = "Publisher Copyright: {\textcopyright} 2021 IEEE.; 2021 IEEE Power and Energy Society General Meeting, PESGM 2021 ; Conference date: 26-07-2021 Through 29-07-2021",

year = "2021",

doi = "10.1109/PESGM46819.2021.9638189",

language = "English",

series = "IEEE Power and Energy Society General Meeting",

booktitle = "2021 IEEE Power and Energy Society General Meeting, PESGM 2021",

}

TY - GEN

T1 - Real-time Market-to-Market Oscillation Management

AU - Yang, Yafei

AU - Wang, Fengyu

AU - Chen, Yonghong

AU - Wu, Lei

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 - https://www.scopus.com/pages/publications/85124163979

UR - https://www.scopus.com/pages/publications/85124163979#tab=citedBy

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 -

Real-time Market-to-Market Oscillation Management

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

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Cite this