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Dispatching in Unbundled Electricity Markets

In: Handbook Utility Management

Author

Listed:
  • Yong-Hua Song

    (University of Liverpool)

  • Jing Sun

    (Beihang University)

Abstract

Throughout the world, unprecedented reform and restructuring of the electric power industry has imposed tremendous challenges on the operation of power systems under this new environment. Regardless of the market structures that may emerge in various parts of the world, system security, reliability, and quality of supply must be maintained. Faced by an increasingly complicated co-existence of technical and economical considerations, new computational tools and software systems are in great demand by generators, system operators, retailers, and other market participants to help them to meet operating, scheduling, planning, and financial requirements. This chapter covers all the major operational issues, such as scheduling and dispatch, congestion management, available transfer capability calculation, price forecasting and optimal bidding strategies.

Suggested Citation

  • Yong-Hua Song & Jing Sun, 2008. "Dispatching in Unbundled Electricity Markets," Springer Books, in: Andreas Bausch & Burkhard Schwenker (ed.), Handbook Utility Management, chapter 31, pages 521-542, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-79349-6_31
    DOI: 10.1007/978-3-540-79349-6_31
    as

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