lecture 7 Power, Transmission_v.2

There are several metrics that measure the cost of

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Unformatted text preview: n and surrounding areas of Northeast Texas. On-Peak refers )"*&'(%:;@=$B-(07$C-&'$1&98<3'4$D/88/4EF-(0$G-(07$.'0(-$(')1-&$/&3$4<((-<&31&)$/('/4$-,$B-(07'/40$='>/4"[email protected]&HI'/J (','(4$0-$07'$KLH7-<($01.'$68-9J$,(-.$7-<(4$'&31&)$MNOO$/"."$0-$KONOO$P"."$;D=$-&$Q''J3/*45$'>98<31&)$B%:;$7-813/*4 to the 16-hour time block from hours ending 7:00 a.m. to 10:00 p.m. CDT on weekdays, excluding NERC holidays. 7/8 Resnick Institute workshop October 13, 2011 Sean Meyn University of Illinois & University of Florida Real-Time Market Outcomes Midwest ISO today: Friday afternoon, March 4, 2011 4:15 p.m. -1881.07 4/8 The case for socialization of congestion relief cost location 1 Net Supply location 2 Net Demand Price LMP at 2 Shadow price On line Congestion social cost Congestion Relief payment LMP at 1 Congestion rent November 4, 2005 Export supply function at location 1 Congestion relief cost Avoided cost function at location 2 Constrained Scheduled flow flow All rights rese...
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