One of the most challenging issues of transmission grids in restructured power networks is determining the real transmission service cost. In this paper, a method for calculating the transmission service in different grids is presented. In the proposed method, the cost of power loss and congestion of transmission services are considered. Using this integrated model, the strengths and weaknesses...

The AMES Wholesale Power Market Test Bed is an agent-based computational laboratory designed for the systematic experimental study of restructured wholesale power markets. These notes show how AMES can be recast in more standard state-space equation form. The result is a highly nonlinear and highly coupled system of first-order stochastic difference equations. The AMES state-space equation repr...

-This paper addresses the vision of a new generation dispatch system for restructured power systems. As distributed generation, demand response and renewable energy resources become significant portions of overall system installed capacity, a better system dispatch tool for system control centers is required in order to cope with the increasing amount of uncertainties being introduced by the ne...

Transmission congestion management is one of the critical and important tasks of the system operator. Transmission line congestion is considered to be more important as it may initiate the cascading outages which forces the system to collapse. This paper presents a transmission congestion management (CM) algorithm by optimal rescheduling of active powers of generators using firefly (FF) algorit...

Emerging electricity reforms in the power market aims at removing monopolistic oligopoly and promoting competition by providing opportunities to more producers. This paper seeks investigate various existing structures of Power Market. Indian Energy Exchange (IEX) India Limited (PXIL) facilitates transparent trading electricity, a larger spectrum allows participation other players market. Market...