PPT-© 2011 D. Kirschen and the University of Washington

1 Participating in Electricity Markets Perspective Generator Consumer Retailer Operator of a pumpedhydro plant 2011 D Kirschen and the University of Washington 2 Participating in Electricity Markets. Bluebook 101. Electronic Sources. Rule 18 . Gallagher Law Library, May 2011, http://lib.law.washington.edu. Choice of Electronic Source. Bluebook. : prefer . LexisNexis, Westlaw, and other commercial electronic databases . (Part 1). Daniel Kirschen. Economic . d. ispatch problem. Several generating units serving the load. What share of the load should each generating unit produce?. Consider the limits of the generating units. and . Ancillary Services. © 2011 D. Kirschen and the University of Washington. 1. Introduction. Participants in electricity . markets rely on the power system infrastructure. All participants, but especially consumers, . © 2011 Daniel Kirschen and University of Washington. 1. Which one is the real maximum?. © 2011 Daniel Kirschen and University of Washington. 2. x. f(x). A. D. Which one is the real optimum?. © 2011 Daniel Kirschen and University of Washington. LP formulation of Economic Dispatch. © 2011 D. Kirschen & the University of Washington. 1. 1. 2. 3. L. x. 1. P. 1. MAX. x. 2. P. 2. MAX. x. 3. P. 3. MAX. P. 1. MIN. P. 2. MIN. P. 3. MIN. Objective function is linear . © 2011 Daniel Kirschen and University of Washington. 1. Motivation. Many optimization problems are linear. Linear objective function. All constraints are linear. Non-linear problems can be linearized:. and . Ancillary Services. © 2011 D. Kirschen and the University of Washington. 1. Introduction. Participants in electricity . markets rely on the power system infrastructure. All participants, but especially consumers, . on Electricity Markets. © 2011 D. Kirschen and the University of Washington. 1. Introduction. No longer assume that all generators and loads are connected to the same bus. Need to consider:. Congestion, constraints on flows. Daniel Kirschen. 1. © 2011 D. Kirschen and the University of Washington. Perspectives. The investor’s perspective. Will a new plant generate enough profit from the sale of energy to justify the investment?. © 2011 D. Kirschen and the University of Washington. 1. Let us go to the market.... © 2011 D. Kirschen and the University of Washington. 2. Opportunity for buyers and sellers to:. compare prices. estimate demand. Daniel Kirschen. Money. © 2012 D. Kirschen & University of Washington. 1. Minimizing costs. Operating costs. Fuel, personnel, maintenance. Investment costs. Generators, lines, transformers, switching devices, …. EASTERN WASHINGTON UNIVERSITY. THE EVERGREEN STATE COLLEGE. UNIVERSITY OF WASHINGTON. WASHINGTON STATE UNIVERSITY. WESTERN WASHINGTON UNIVERSITY. October 2016. Paul Francis. Executive Director. About COP. 1. Topic. How do nodes share a single link? Who sends when, e.g., in . WiFI. ?. Explore with a simple model. Assume no-one is in charge; this is a distributed system. CSE 461 University of Washington. 1. Topic. How do nodes share a single link? Who sends when, e.g., in . WiFI. ?. Explore with a simple model. Assume no-one is in charge; this is a distributed system. CSE 461 University of Washington.