in restructured power systems and in a wholesale power market, a distribution company as a market player intends to maximize its profit by utilizing its options. hence determining an optimal energy acquisition strategy for a distribution company is vital, for attaining to this goal. however an important challenge for determining these strategies is forecasting other competitors and generation c...

This paper describes the uses and architecture of a network-centered computing-rich software platform called PowerWeb. PowerWeb was designed and built as a simulation environment for experimentally testing various power exchange auction markets through tournaments. It is designed to host simulations of a competitive “day-ahead” electric energy market in the context of a restructured electric po...

This paper describes the uses and architecture of a network-centered computing-rich software platform called PowerWeb. PowerWeb was designed and built as a simulation environment for experimentally testing various power exchange auction markets through tournaments. It is designed to host simulations of a competitive “day-ahead” electric energy market in the context of a restructured electric po...

In restructured power market, power producers and customers utilize the transmission network and try to maximize their benefits. Hence it is important to improve the static ATC for allowing more transaction in future without any transmission limit violation. This paper suggests the method for establishing bilateral/multilateral transaction based on the optimal generator selection and it’s shari...

in today’s restructured environment, congestion management plays an essential role in power system operation. different methods are presented and discussed in this respect for congestion management in short-term and long-term intervals. it is attempted in the present paper to investigate the impact mechanism of facts devices and demand response programs together with generation re-dispatch as s...

For more than a decade, electricity industries have been undergoing regulatory reform worldwide, with the general aim of improving economic efficiency. In many places, these changes have culminated in the appearance of a wholesale power market. There are various, sometimes contradictory, conclusions about the performance of such restructured electricity markets. In this new context, the operati...

Abstract— When measured as a commodity, electric energy can be traded in a free market, synchronized only by the bids of customers and suppliers. With the beginning of deregulation in electricity sector, many Generation and Distribution Companies have come into the picture and change the vertically integrated organization of electric utilities. However, the combined transmission system is measu...

Market clearing in restructured power systems is mostly implemented through an offer-based setting with the goal of maximizing social welfare. This approach leads to sound results from an economic viewpoint when generation offers reflect true production costs. However, offers may significantly differ from actual costs in practice, thus yielding undesired distortion. Under a marginal pricing sch...