Dynamic optimizations of Monte Carlo simulation to assess locational capacity, transmission, and market parameters

IEEE Transactions on Power Systems

Volumn 21, Issue 1, 2006, Pages 34-42

  Rau, Narayan S ^a   Zeng, Fei ^a  

^a ISO New England   (United States)

Author keywords

Installed capacity; Loss of load expectation (LOLE); Optimization; Reliability; Risk; Transfer capability

Indexed keywords

COMPUTER SIMULATION; DECISION MAKING; DEREGULATION; DYNAMIC PROGRAMMING; ELECTRIC LOAD MANAGEMENT; ELECTRIC NETWORK ANALYSIS; ELECTRIC POWER GENERATION; MONTE CARLO METHODS; OPTIMIZATION;

INSTALLED CAPACITY; LOSS-OF-LOAD EXPECTATION; TRANSFER CAPABILITY;

ELECTRIC POWER TRANSMISSION NETWORKS;

EID: 32144462972     PISSN: 08858950     EISSN: None     Source Type: Journal    
DOI: 10.1109/TPWRS.2005.860929     Document Type: Article

References (7)

1. PJM [Online]. Available: http://www.pjm.com
2. ISO New England [Online]. Available: http://www.iso-ne.com/trans/rsp/ index.html
3. R. Billinton, M. Fotuhi-Firuzabad, and L. Bertling, "Bibliography on the application of probability methods in power system reliability evaluation 1996-1999," IEEE Trans. Power Syst., vol. 4, pp. 595-602, Nov. 2001.
4. Power Systems Energy Consulting, GE Power System, "Multi-Area Reliability Simulation Program, MARS," General Electric Co., Jun. 2002. Users Manual.
5. N. S. Rau, Optimization Principles - Practical Applications to the Operation and Markets of the Electric Power Industry. Piscataway, NJ: IEEE Press, 2003.
6. N. S. Rau and F. Zeng, "Adequacy and responsibility of locational generation and transmission - Optimization procedures," IEEE Trans. Power App. Syst., vol. 19, no. 4, pp. 2093-2101, Nov. 2004.
7. N. S. Rau and F. Zeng, "Capacity Solicitations From Subregions to Mitigate Curtailment Risk Under Cold Snap Conditions", Nov. 2004. Internal report of ISO New England, available from authors or from ISO New England.