2002•IEEE Power Engineering ReviewRequires access

Market-based dynamic congestion management

Jin Ma, Yonghua Song, Qiang Lu, Shengwei Mei

Abstract

The concept of congestion management is extended to include dynamic effects. Based on a hybrid market structure, a new framework is proposed to eliminate congestion when system stability is threatened. It is shown that by fully utilizing the available resources, system stability as well as the transactions in the bilateral and balancing markets can be secured after a stability contingency, while the total dynamic congestion management cost is minimized.

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Key concepts: Congestion management, Contingency, Stability (learning theory), Computer science, Threatened species, Business, Electric power system, Power (physics)