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2004 Publications

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NameAuthorDateSizeTypeID
A Loading-Dependent Model of Probabilistic Cascading Failure
Large blackouts of electric power transmission systems are typically caused by cascading failure of loaded system components. We propose an analytically tractable model of loading dependent cascading failure that captures some of the salient features of large blackouts. This leads to a new application and derivation of the quasibinomial distribution and its generalization to a saturating form with an extended parameter range. Suitably loading the model of cascading failure yields a power law region in the distribution of the number of failures similar to the distribution of blackout sizes observed in blackout data and simulations. The cascading failure model has many identical components randomly loaded. An initial disturbance adds load to each component and causes some components to fail by exceeding their loading limit.
Failure of a component causes a fixed load increase for other components. As components fail, the system becomes more loaded and cascading failure of further components becomes likely. The probability distribution of the number of failed components is a saturating quasibinomial distribution. The saturation extends the parameter range of the quasibinomial distribution and the saturated distribution can represent highly stressed systems with a high probability of all components failing. Explicit formulas for the saturating quasibinomial distribution are derived using a recursion and via the quasimultinomial distribution of the number of failures in each stage of the cascade. The application of the saturating quasibinomial distribution is illustrated by increasing average initial component load. At low load, the probability distribution of the number of failed components has an exponential tail. At a critical load the distribution has a power law region that indicates a substantial risk of a large cascading failure.

Uploaded: January 20, 2004. 36th Annual Hawaii International Conference on System Sciences (HICSS 2003), Big Island, Hawaii, January 6-9, 2003.  
Ian Dobson, Ben Carreras, David Newman 01/20/04 474.72 KB PDF 04-01
Modifying Eigenvalue Interactions Near Weak Resonance
In electric power system instabilities such as subsynchronous resonance or interarea oscillations, two complex modes can approach each other in frequency and then interact by changing damping so that one of the modes becomes unstable. Selecting changes in parameters to minimize this interaction is difficult by trial and error. By analyzing the interaction as a perturbation of a weak resonance, we calculate sensitivities that indicate the parameters to be changed to minimize the interaction and stabilize the system. The method is illustrated with a simple example of two coupled linear oscillators. The use of sensitivity methods to change the type of the interaction is also demonstrated.

Uploaded: January 23, 2004. IEEE International Symposium on Circuits and Systems (ISCAS 2004), vol. 5, pp. 992-995, Vancouver, Canada, May 23-26, 2004.  
Vincent Auvray, Ian Dobson, Louis Wehenkel 01/23/04 938.99 KB PDF 04-02
Probabilistic load-dependent cascading failure with limited component interactions
We generalize an analytically solvable probabilistic model of cascading failure in which failing components interact with other components by increasing their load and hence their chance of failure. In the generalized model, instead of a failing component increasing the load of all components, it increases the load of a random sample of the components. The size of the sample describes the extent of component interactions within the system. The generalized model is approximated by a saturating branching process and this leads to a criticality condition for cascading failure propagation that depends on the size of the sample. The criticality condition shows how the extent of component interactions controls the proximity to catastrophic cascading failure. Implications for the complexity of power transmission system design to avoid cascading blackouts are briefly discussed.

Uploaded: January 25, 2004. IEEE International Symposium on Circuits and Systems (ISCAS 2004), vol. 5, pp. 912-915, Vancouver, Canada, May 23-26, 2004.  
Ian Dobson, Ben Carreras, David Newman 01/25/04 110.91 KB PDF 04-03
Visualizations for Power System Contingency Analysis Data
Contingency analysis (CA) is critical in many routine power system and market analyses to show potential problems with the system. Due to the tremendous and yet increasing amount of data computed by CA, effective visualizations are needed to present the CA results to assist the system operators and engineers to comprehend the static security status of the system in a quick and intuitive manner. The desirable functionalities of such visualizations include showing the overall system security status, showing the severity levels of the contingencies in terms of their associated limit violations, and showing the geographic connection between the violated elements and the contingent elements. The traditional EMS display of CA results is a tabular list of elements with limit violations. This paper explores interactive 3D visualizations for contingency data. We visualize vulnerability levels of power system elements and severity information of outages separately. The overall situation of the whole system is conveyed 'at a glance' by the overview visualizations, while more detailed information is displayed as needed.

Uploaded: March 2, 2004. IEEE Transactions on Power Systems, vol. 19, Issue 4, pp. 1859-1866, November 2004.  
Yan Sun, Tom Overbye 07/18/16 340.47 KB PDF 04-04
Microgrid: A Conceptual Solution
Application of individual distributed generators can cause as many problems as it may solve. A better way to realize the emerging potential of distributed generation is to take a system approach which views generation and associated loads as a subsystem or a 'microgrid'. During disturbances, the generation and corresponding loads can separate from the distribution system to isolate the microgrid's load from the disturbance (providing UPS services) without harming the transmission grid's integrity. This ability to island generation and loads together has a potential to provide a higher local reliability than that provided by the power system as a whole. In this model it is also critical to be able to use the waste heat by placing the sources near the heat load. This implies that a unit can be placed at any point on the electrical system as required by the location of the heat load.

Uploaded: April 2, 2004. 351h Annul IEEE Power Electronics Specialists Conference (PESC 2004), vol. 6, pp. 4285-4290, Aachem, Germany, June 20-25, 2004.  
Robert H. Lasseter, and Paolo Piagi 04/02/04 382.93 KB PDF 04-05
Implications of Cost and Bid Format on Electricity Market Studies: Linear Versus Quadratic Costs
One important assumption in a model of an electricity market is the format of bids and costs. Most literature on electricity markets uses piecewise linear or quadratic functions to represent costs and bids. Economic theory holds that a firm in a perfectly competitive market maximizes its profit when it sells at marginal cost. This implies that profit-maximizing generators will bid at marginal cost. Different markets have varying rules regarding bid formats. Piecewise linear bid curves are compatible with physical characteristics of electricity generators, but cause difficulties in certain analysis techniques. Quadratic bid curves provide smooth dispatch, revenue, and profit curves that facilitate calculus-based analysis. In profit calculations, bids and marginal costs may either be coupled or independent of each other. The relation between bids and marginal costs impacts the profit-maximizing bid, and thus impacts generator strategies. These assumptions are particularly important for marginal generators, since different bid structures may yield different dispatch results, especially if the system is constrained. We compare markets with all piecewise linear bids, all quadratic bids, and a mixture of bids, and study the impacts of bid format and profit calculation on market outcomes in different scenarios.

Uploaded: April 19, 2004. 2004 Large Engineering Systems Conference on Power Engineering (LESCOPE-04), pp. 2-6, Halifax, Nova Scotia, Canada, July 28-30, 2004.  
Mary Cain and Fernando Alvarado 04/19/04 92.76 KB PDF 04-06
Estimation of Synchronous Generator Parameters Using an Observer for Damper Currents and a Graphical User Interface
This paper presents a method to identify synchronous generator parameters from on-line data. An observer for estimation of synchronous machine damper currents is designed. The observer-estimator is used in a Graphical User Interface (GUI) application. Possible internal machine fault conditions can be detected and remedial action can be undertaken. It is desired that an algorithm be developed such that it will enable bad measurement detection and rejection so as to increase the reliability of the results. Secondary objectives include calculation of the error characteristics of the estimation, development of an index of confidence, study of which machine parameters can be estimated, and which cannot, and evaluation of alternative GUI features.

Uploaded: April 19, 2004. Journal: Electric Power System Research, vol. 69, issue 1, pp. 7-16, April 2004.  
Elias Kyriakides and Gerald T. Heydt 07/18/16 915.21 KB PDF 04-07
Fault Current Issues for Market Driven Power Systems with Distributed Generation
This paper presents the consequences and operating limitations of installing distributed generation (DG) to electric power systems. The proliferation of new generators creates new operating conditions, some not seen before, that are limited by fault interruption capability. Increased system fault currents resulting from DG installation and the effects of increased fault currents are discussed. A technique used to evaluate fault current in the system after installing DGs is analyzed, and an example is given. The responsibility for the system change and safety degradation is discussed.

Uploaded: April 20, 2004. 36th Annual North American Power Symposium (NAPS 2004), University of Idaho, Moscow, Idaho, August 9-10, 2004.  
Natthaphob Nimpitiwan, Gerald T. Heydt 04/20/04 125.87 KB PDF 04-08
Auto Tuning of Measurement Weights in WLS State Estimation
This paper describes an approach for choosing and updating measurement weights used in weighted least squares (WLS) state estimation. Since the weights are related to the measurement error variances, sample variances are estimated using historical data from previous measurement scans and the corresponding WLS estimation results. The proposed approach can be implemented as a one-time estimation function for off-line execution or as a recursive function for updating the meas-urement weights on-line. Simulated measurement data and state estimation results are used to test and verify the accuracy of the proposed method. The proposed method can be inte-grated into an existing WLS state estimator as an added feature.

Uploaded: April 22, 2004. IEEE TRANSACTIONS ON POWER SYSTEMS, VOL. 19, NO. 4, PP. 2006-2013, NOVEMBER 2004.  
Shan Zhong and Ali Abur 07/18/16 450.09 KB PDF 04-09
Innovative concepts for on-line synchronous generator parameter estimation (S-15)
A method to identify synchronous generator parameters from on-line measurements is presented. Generator parameters are employed in the construction of models used in transient stability studies and other routine power engineering studies. These studies are critical for the operation of the power system, and therefore accurate representation of synchronous generators and their parameters is important. The existing off-line techniques are often not practical and do not capture the behavior of the generator at all operating levels. Generator parameters vary due to aging, changes of the generator internal temperature, magnetic saturation, and coupling between the generator and external systems. The method proposed in this dissertation estimates generator parameters at any operating level, taking into consideration the effect of saturation and other phenomena in the operation of the synchronous generator.

Ph.D. student dissertation, Arizona State University, December 2003. Completed as part of PSERC project "Extended State Estimation for Synchronous Generator Parameters: Estimation of Synchronous Generator Parameters from On-line Measurements" (S-15). Uploaded: April 22, 2004.  
Elias Kyriakides 07/14/04 5.22 MB PDF 04-10
Combined State Estimation and Measurement Calibration
A measurement calibration method is described in this paper. The proposed method identifies calibration models for the uncalibrated measurements and estimates the calibration model parameters along with the system states. The permanent nature of calibration errors allows their estimation by using multiple scans of measurements. The parametric models of the meas-urements can be estimated by reformulating the conventional system state estimation problem and incorporating calibration models. The paper also addresses the issues of network and parameter observability and provides simulation results for cases involving the IEEE-14 bus test system.

Uploaded: April 22, 2004. IEEE Transactions on Power Systems, vol. 20, issue 1, pp. 458-465, February 2005.  
Shan Zhong and Ali Abur 07/18/16 223.79 KB PDF 04-11
Voltage Stability Enhancement via Model Predictive Control of Load
Impending voltage collapse can often be avoided by appropriate control of loads. However the traditional form of load control (shedding) is unpopular due to the resulting consumer disruption. Advances in communications and computer systems allow more selective load control though. Individual loads that are sacrificeable in the short-term can be switched with minimal consumer disruption. The paper considers the use of such non-disruptive load control for improving voltage stability. A control strategy that is based on model predictive control (MPC) is proposed. MPC utilizes an internal model to predict system dynamic behaviour over a finite horizon. Control decisions are based on optimizing that predicted response. MPC is a discrete-time form of control, so inaccuracies in predicted behaviour are corrected at the next control interval. A standard 10 bus voltage collapse example is used to illustrate this control strategy.

Original Submittal: December 2003. Bulk Power System Dynamics and Control VI, Cortina d’Ampezzo, Italy, August 22-27, 2004.
Also appears Journal: Intelligent Automation and Soft Computing, vol. 12, issue 1, pp. 117-124, 2006.  
Ian Hiskens and B. Gong 03/16/06 182.54 KB PDF 04-12
Three-Dimensional Displays as an Effective Visualization Technique for Power Systems Monitoring and Control
Due to recent reconfiguration of the interconnected North American electric power grid, operators must now comprehend a vast and growing amount of multivariate data over more extensive network regions. Power systems engineers and designers have thus begun to develop visualization tools to aid these operators in managing such regions. In this study, we investigated the use of three-dimensionality as a potential display enhancement to support the tasks of fault detection and diagnosis across an integrated one-line diagram. The participants were first required to acknowledge all overloaded transmission lines for a given scenario and then solve the scenario by reducing all line loadings to 100% of capacity or less. Participants performed the tasks using one of three display types: 2-D numerical, 2-D graphical, and 3-D.
Although the display type did not have a significant effect on acknowledgment time, a 3-D advantage was apparent for solution time. Accuracy results indicated a significant 3-D advantage for the number of attempted output increases of maxed-out generators. However, no significant effects of display type were found on the number of erroneous generator output adjustments during the solution task. More difficult tasks that require both focused attention and parallel processing may further reveal whether three-dimensional displays can indeed enhance accuracy. Workload was not affected by display dimensionality. Overall, our results support the claim that three-dimensional displays can improve performance in tasks that require monitoring and controlling variables of complex systems.

Uploaded: April 30, 2004. University of Illinois at Urbana-Champaign, Institute of Aviation, Aviation Human Factors Division, Technical Report AHFD-04-07/PSERC-04-1, April 2004.  
Stephan Hoppe, Gavin Essenberg, Doug Wiegmann, and Tom Overbye 04/30/04 1.01 MB PDF 04-13
The Impact of Uncertainty on Incentives to Collude in Electricity Markets
Market power in any market can result in higher prices than in a truly competitive market. Electricity markets pose unique problems to detection of market power due to the properties of electricity: it cannot be stored, which implies that the amount of energy supplied must always equal the amount demanded, and it must obey the laws of physics. A group of generators may exercise market power through tacit collusion, all raising prices together without communicating their intentions. Generators will use their expectations of market conditions to choose a competitive (low) bid, or a non-competitive (high) bid. We use expected residual demand to describe market conditions, and calculate threshold levels where a generator would decide to change from low to high bid. We examine the effects of uncertainty in load and competitor behavior on collusion decisions in both uniform price and discriminatory price auctions.

Uploaded: May 4, 2004. Published in the Proceedings of the 8th International Conference on Probability Methods Applied to Power Systems, Iowa State University, Ames, Iowa, September 12-16, 2004.  
Mary B. Cain and Fernando L. Alvarado 05/04/04 128.25 KB PDF 04-14
An Efficient Procedure For The Rational Buyer Approach For The Acquisition Of Capacity-Based Ancillary Services
This paper addresses the competitive procurement of capacity-based ancillary services (AS) in unbundled markets by the Independent Grid Operator (IGO). These AS include upward frequency control, load following and the range of reserve services, which may be procured from unloaded capacity offered by both on-line and off-line sources. The capacity-based AS are prioritized in order of ascending response times. Prioritization allows substitutability of the AS by automatically making the unused capacity of a higher priority AS usable for any lower priority AS without the need of submitting additional offers. This paper discusses the formulation of the auction structures for the acquisition of the prioritizable capacity-based AS and presents an efficient scheme for minimizing the costs incurred by the IGO by using the rational buyer procedure. The proposed scheme adopts effective discrete programming techniques that exploit the structural characteristics of the problem for handling the multi-auction formulation. The proposed bounding scheme takes fully advantage of critical physical constraints such as ramp rate, capacity limits, and inter-zonal constraints. The effectiveness and computational efficiency of the proposed scheme are illustrated and discussed with numerical examples.

Uploaded: May 8, 2004. 14th Power Systems Computation Conference (PSCC 2002), Seville, Spain, June 24-28, 2002.  
Gianfranco Chicco and George Gross 07/18/16 636.52 KB PDF 04-15
Comparative Analysis of Congestion Management Schemes under a Unified Framework
The restructuring of the electricity industry has spawned the introduction of new independent grid operators or IGOs, typically called transmission system operators (TSOs), independent system operator (ISOs) or regional transmission organizations (RTOs), in various parts of the world. An important task of an IGO is congestion management (CM) and pricing. This activity has significant economic implications on every market participant in the IGO’s region. The paper briefly reviews the congestion management schemes and the associated pricing mechanism used by the IGO’s in five representative schemes. These were selected to illustrate the various CM approaches in use: England and Wales, Norway, Sweden, PJM and California. We develop a unified framework for the mathematical representation of the market dispatch and redispatch problems that the IGO must solve in CM in these various jurisdictions. We use this unified framework to develop meaningful metrics to compare the various CM approaches so as to assess their efficiency and the effectiveness of the market signals provided to the market participants. We compare, using a small test system, side by side, the performance of these schemes.

Uploaded: May 8, 2004. IEEE Power Engineering Review, vol. 22, issue 11, pp. 59-60, November 2002.  
Ettore Bompard, Pedro Correia, George Gross, and Mikael Amelin 05/08/04 605.56 KB PDF 04-16
Competitive Acquisition of Prioritizable Capacity-Based Ancillary Services
The rational buyer procedure provides the competitive procurement of capacity-based ancillary services (AS) in unbundled markets by the Independent Grid Operator (IGO). The capacity-based AS are prioritized in order of ascending response times. Prioritization allows substitutability of the AS by automatically making the unused capacity of a higher priority AS usable for any lower priority AS without the need of submitting additional offers. We develop an efficient scheme for the rational buyer procedure for the acquisition of the prioritizable capacity-based AS. The scheme allows the simultaneous determination of the successful offers in the multi-auction procedure through the effective deployment of discrete programming notions and the exploitation of the structural characteristics of the formulation. A key feature is the incorporation of physical constraints such as capacity and inter-zonal constraints. The use of bounding techniques combined with procedures for the quick detection of infeasible combinations of the offer prices and the identification of avoidable calculations leads to reducing the computational burden. The effectiveness and computational efficiency of the scheme are illustrated with representative numerical results including case studies based on he IEEE 118-bus network.

Uploaded: May 8, 2004. IEEE TRANSACTIONS ON POWER SYSTEMS, VOL. 19, NO. 1, PP. 569-576, FEBRUARY 2004.  
Gianfranco Chicco and George Gross 07/18/16 331.74 KB PDF 04-17
Framework for the Design and Analysis of Congestion Revenue Rights
The capability to deal effectively with the uncertainty associated with locational marginal prices (LMPs) in congestion management schemes requires the development of appropriate financial tools. Congestion revenue rights (CRR) are hedging tools that provide the holder reimbursement of the congestion charges in the day-ahead market and thereby provide transmission service customers with price certainty. In this paper, we construct a framework for the design and analysis of the CRR by marrying finance theory notions with salient characteristics of electric power systems and electricity markets. The framework consists of three interconnected layers with one layer each to represent the models of the transmission network, the commodity markets and the CRR financial markets. The interaction between the layers is represented as information flows. The framework has sufficient scope to allow the analysis of a broad range of problems associated with ensuring price certainty for transmission services. The structural modularity of the framework provides the flexibility to analyze issues and design structures for the provision of transmission services in the competitive environment. We introduce a new notion of CRR payoff parity and a practical pricing scheme, which are used as the basis for the design of more liquid CRR markets. The application of the framework is further illustrated by the analysis of the conditions that guarantee the revenue adequacy for the CRR issuer.

Uploaded: May 8, 2004. IEEE TRANSACTIONS ON POWER SYSTEMS, VOL. 19, NO. 1, PP. 243-251, FEBRUARY 2004.  
Minghai Liu and George Gross 07/18/16 199.21 KB PDF 04-18
Computing Cournot Equilibria in Two Settlement Electricity Markets with Transmission Constraints
We formulate a two-settlement equilibrium in competitive electricity markets as a subgame-perfect Nash equilibrium in which each generation firm solves a Mathematical Program with Equilibrium Constraints (MPEC), given other firms’ forward and spot strategies. We implement two computational approaches, one of which is based on a Penalty Interior Point Algorithm and the other is based on a steepest descent approach. We apply the algorithm to a six node illustrative example.

Uploaded: May 14, 2004. 37th Hawaii International Conference on System Sciences (HICSS 2004), Big Island, January 5-8, 2004.  
Jian Yao, Shmuel S. Oren, Ilan Adler 07/18/16 147.97 KB PDF 04-19
The Inherent Inefficiency of Simultaneously Feasible Financial Transmission Rights Auctions
Empirical evidence shows that the clearing prices for point-to-point congestion revenue rights, also known as financialtransmission rights (FTRs), resulting from centralized auctions conducted by Independent System Operators differ significantly and systematically from the realized congestion revenues that determine the accrued payoffs of these rights. The question addressed by this paper is whether such deviations are due to price discovery errors which will eventually vanish or due to inherent inefficiencies in the auction structure. We show that even with perfect foresight of average congestion rents the clearing prices for the FTRs depend on the bid quantity and therefore may not be priced correctly in the financial transmission right (FTR) auction. In particular, we demonstrate that if all FTR bid quantities are equal to the corresponding average transaction volumes and the bid values are set at the expected congestion rent level, then the resulting auction prices systematically deviate from the known FTR values. We conclude that price discovery alone would not remedy the discrepancy between the auction prices and the realized values of the FTRs. Secondary markets or frequent reconfiguration auctions are necessary in order to achieve such convergence.

Uploaded: May 14, 2004. Updated version of paper 3-33: PSERC project "Market Interactions and Market Power: Part I: Interval Analysis for Unknown Dependencies and Genetic Algorithm Emulation of Markets (in Chapters 1-5), Part II: Adaptive Agent Market Emulation (in Chapters 6-8) (M-3). Journal: Energy Economics, vol. 32, issue 4, pp. 779-785, July 2010.  
Shijie Deng, Shmuel Oren and Sakis Meliopolous 05/15/04 132.82 KB PDF 04-20
Metrics for Application of Revenue Sensitivity Analysis to Predict Market Power Coalitions in Electricity Markets
This paper explores a mathematical method for detecting groups of generators in an electric power system that have the potential to benefit from exercising market power. Applications of this method include metrics for measuring or detecting the possibility of market power. This paper focuses on the properties of revenue and dispatch to bid sensitivity matrices, and develops methods of identifying load pockets from the sensitivity matrices, and how the matrices can provide metrics for market power.

Uploaded: May 20, 2004. Published in the Proceedings of the 36th Annual North American Power Symposium (NAPS 2004), University of Idaho, Moscow, Idaho, August 9-10, 2004.  
Mary Cain and Fernando Alvarado 05/21/04 205.34 KB PDF 04-21
Estimating Failure Propagation in Models of Cascading Blackouts
We compare and test statistical estimates of failure propagation in data from versions of a probabilistic model of loading-dependent cascading failure and a power systems blackout model of cascading transmission line overloads. The comparisons suggest mechanisms affecting failure propagation and are an initial step towards monitoring failure propagation from practical system data. Approximations to the probabilistic model describe the forms of probability distributions of cascade sizes.

Uploaded: May 31, 2004. 8th International Conference on Probability Methods Applied to Power Systems, Iowa State University, Ames, Iowa, September 12-16 2004.  
Ian Dobson, Ben Carreras, Vickie Lynch, Bertrand Nkei, David Newman 05/31/04 821.28 KB PDF 04-22
Human Factors Aspects of Power System Flow Animation
This paper presents experimental results associated with human factors aspects of using animation to display electric power system flow information, including transmission line MW flow and power transfer distribution factor (PTDF) values. The paper's results are based on two experiments performed at the University of Illinois at Urbana-Champaign using electric power system students. The results indicate that animated motion of power system flows can be used successfully in displays to improve both the speed and accuracy of certain tasks. This effect was most apparent on displays showing PTDFs. However, the results also show that motion may not provide a clear advantage in the visualization of transmission line flows for uncomplicated analysis tasks.

Uploaded: July 6, 2004. Accepted for publication in IEEE TRANSACTIONS ON POWER SYSTEMS, VOL. 20, NO. 3, PP. 1233-1240, AUGUST 2005.  
Doug Wiegmann, Gavin Essenberg, Tom Overbye, and Yan Sun 07/19/16 517.64 KB PDF 04-23
Self-Regulating Electricity Markets?
An experimental structure is demonstrated that represents end-use customers in electricity markets who can substitute part of their usage between day and night. Three alternative demand-side market structures are evaluated:
    1) customers pay the same fixed price (FP) in all periods - - the base case,
    2) a demand response feature (DRP) is added to the fixed price case in periods of supply shortages, wherein buyers receive a pre-specified credit for reduced purchases, and
    3) a real time pricing (RTP) case where prices are forecast for the upcoming day/night pair, then buyers select their quantity purchases sequentially and are charged the actual market-clearing price, period-by-period.
After demonstrating the ability of buyers to make efficient purchases, six experienced sellers with experience in exercising market power were paired with seventeen buyers over twenty two auctions (eleven day-night pairs) that included heat waves and unit outages. The same periods were repeated under each of the three different market treatments, and the RTP structure resulted in the greatest market efficiency, despite the difficult cognitive problem it poses for buyers. Both DRP and RTP reduced the severity of price spikes as compared to the FP structure. The same periods were repeated under each of the three different market treatments, and the RTP structure resulted in the greatest market efficiency, despite the difficult cognitive problem it poses for buyers. Both DRP and RTP reduced the severity of price spikes as compared to the FP structure.

Uploaded: July 7, 2004. 17th Annual Western Conference, Advanced Workshop in Regulation and Competition, Center for Research in Regulated Industries, The State University of New Jersey, Rutgers Business School, held at San Diego, California, June 23-25, 2004. (program brochure)  
Nodir Adilov, Thomas Light, Richard Schuler, William Schulze, David Toomey and Ray Zimmerman 07/07/04 245.86 KB PDF 04-24a
Self-Regulating Electricity Markets?
Program Agenda - 17th Annual Western Conference, Advanced Workshop in Regulation and Competition, Center for Research in Regulated Industries, The State University of New Jersey, Rutgers Business School, held at San Diego, California, June 23-25, 2004.  
07/19/16 188.28 KB PDF 04-24b
Analysis of Angle Stability Problems: A Transmission Protection Systems Perspective
Post-fault rotor angle oscillations lead to power swings. Both unstable and stable swings can induce distance relay tripping. For unstable swings, a new computational procedure to locate all of the electrical centers is developed. It simplifies the work associated with visual screening of all the R-X plots. For stable swings, a generic three-tier hierarchy of stability-related norms defined by branch norm, fault norm, and system norm is proposed. Ranking by branch norm leads to ranking of power swings. Ranking by fault norm leads to ranking of faults or contingencies. Magnitude and rate of change of system norm can be used to detect an out-of-step condition. Results on a ten-machine system and a utility system with detailed models are also presented.

Uploaded: July 27, 2004. IEEE TRANSACTIONS ON POWER DELIVERY, VOL. 19, NO. 3, PP. 1024-1033, JULY 2004.  
S. A. Soman, Tony B. Nguyen, Mangalore A. Pai, and Rajani Vaidyanathan 07/27/04 409.75 KB PDF 04-28
Electrical Blackouts: A Systemic Problem
Promises to end blackouts have been made for decades, but they ignore the reality that complex systems built and operated by humans will fail. Congress and the Federal Energy Regulatory Commission (FERC) must implement a framework that recognizes that individuals and companies will make errors and create a system that will limit their effects.

Uploaded: August 16, 2004. Issues in Science & Technology, vol. 20, issue 4, Summer 2004. Available online.  
Jay Apt, Lester B. Lave, Sarosh Talukdar, M. Granger Morgan, and Marija Ilic 07/19/16 URL 04-29
Planning of Reconfigurable Power Systems
The objectives of this project are to develop
    (a) theory and method for planning hybrid (discrete, continuous) power system controllers, and
    (b) economic systems, applicable to power system energy markets, for incentivizing, recovering, and allocating costs of design and installation of such controllers.
The paper reports on first year efforts which include (a) application of discrete-event system theory to the reactive power planning problem, illustrated on a nine bus test system, and (b) development of cost allocation rules based on analysis of a cooperative game formulation using locational marginal pricing, illustrated on a 3 bus test system. In addition, we report on our efforts to develop a course for seniors in electrical engineering and in economics on electricity markets, system control, and planning.

Uploaded: August 16, 2004. Presented at the 2004 Grantees EPNES Workshop (NSF-ONR Research Initiative-Electric Power Networks Efficiency And Security), Mayaguez, Puerto Rico, July 12-14, 2004.  
James D. McCalley, Ratnesh Kumar, Nicola Elia, Venkataramana Ajjarapu, Vijay Vittal, Haifeng Liu, Licheng Jin, Oscar Volij, Wenzhou Shang 08/16/04 351.45 KB PDF 04-30
Branching Process Models for the Exponentially Increasing Portions of Cascading Failure Blackouts
We introduce branching process models in discrete and continuous time for the exponentially increasing phase of cascading blackouts. Cumulative line trips from real blackout data have portions consistent with these branching process models. Some initial calculations identifying parameters and using a branching process model to estimate blackout probabilities are illustrated.

Uploaded: October 6, 2004. 38th Annual Hawaii International Conference on System Sciences (HICSS 2005), Big Island, Hawaii, January 3-6, 2005.  
Ian Dobson, Ben Carreras, David Newman 10/06/04 150.50 KB PDF 04-31
Complex Systems Analysis of Series of Blackouts: Cascading Failure, Criticality, and Self-organization
We give a comprehensive account of a complex systems approach to large blackouts caused by cascading failure. Instead of looking at the details of particular blackouts, we study the statistics, dynamics and risk of series of blackouts with approximate global models. North American blackout data suggests that the frequency of large blackouts is governed by a power law. This result is consistent with the power system being a complex system designed and operated near criticality. The power law makes the risk of large blackouts consequential and implies the need for nonstandard risk analysis.
Power system overall load relative to operating limits is a key factor affecting the risk of cascading failure. Blackout models and an abstract model of cascading failure show that there are critical transitions as load is increased. Power law behavior can be observed at these transitions. The critical loads at which blackout risk sharply increases are identifiable thresholds for cascading failure and we discuss approaches to computing the proximity to cascading failure using these thresholds. Approximating cascading failure as a branching process suggests ways to compute and monitor criticality by quantifying how much failures propagate. Inspired by concepts from self-organized criticality, we suggest that power system operating margins evolve slowly to near criticality and confirm this idea using a blackout model. Mitigation of blackout risk should take care to account for counter-intuitive effects in complex self-organized critical systems. For example, suppressing small blackouts could lead the system to be operated closer to the edge and ultimately increase the risk of large blackouts.

Uploaded: October 6, 2004. Bulk Power System Dynamics and Control VI, Cortina d'Ampezzo, Italy, August 22-27, 2004.  
Ian Dobson, Ben Carreras, Vickie Lynch, David Newman 10/06/04 743.17 KB PDF 04-32
Self-Regulating Markets for Electricity: Letting Customers into the Game
We are conducting experiments of alternative forms of demand-side participation in the market to understand to what extent electricity markets might be more self-regulating (require fewer regulatory interventions like price caps and AMPS), were customers to become more actively involved. There appears to be beneficial outcomes for everyone from encouraging widespread customer participation in these markets: less volatility in prices and line flows and greater overall efficiency. But that’s not surprising because whoever heard of a market where the customers weren’t allowed to play?

Uploaded: November 18, 2004. IEEE Power Systems Conference and Exposition, vol. 3, pp. 1524-1528, New York, New York, October 10-13, 2004.  
Richard E. Schuler 11/18/04 41.43 KB PDF 04-36
The Probability, Identification, and Prevention of Rare Events in Power Systems
The objectives of this thesis are to:
  • Provide a better understanding of the probabilities of rare events in power systems;
  • Develop ways to identify initiating high-order events in addition to N-1 contingencies;
  • Provide an operational approach for avoiding or mitigating these types of events.
The focus of this work is on power system rare events that are not caused by uncontrollable natural forces.

Uploaded: November 19, 2004. Ph.D. student dissertation, Iowa State University, Ames, Iowa, 2004.  
Qiming Chen, student 11/19/04 1.68 MB PDF 04-37
On the Efficiency of the New York Independent System Operator Market for Transmission Congestion Contracts
The physical nature of electricity generation and delivery creates special problems for the design of efficient markets, notably the need to manage delivery in real time and the volatile congestion and associated costs that result. Proposals for the operation of the deregulated electricity industry tend towards one of two paradigms: centralized and decentralized. Transmission congestion management can be implemented in the more centralized point-to-point approach, as in New York state, where derivative transmission congestion contracts (TCCs) are traded, or in the more decentralized flowgate-based approach. While it is widely accepted that theoretically TCCs have attractive properties as hedging instruments against congestion cost uncertainty, whether efficient markets for them can be established in practice has been questioned. Based on an empirical analysis of publicly available data from years 2000 and 2001, it appears that New York TCCs provided market participants with a potentially effective hedge against volatile congestion rents. However, the prices paid for TCCs systematically diverged from the resulting congestion rents for distant locations and at high prices. The price paid for the hedge not being in line with the congestion rents, i.e. unreasonably high risk premiums are being paid, suggests an inefficient market. The low liquidity of TCC markets and the deviation of TCC feasibility requirements from actual energy flows are possible explanations.

Uploaded: November 22, 2004. Journal: Managerial Finance, vol. 31, issue 6, pp. 1-45, 2005. Available online at: http://www.emeraldinsight.com/toc/mf/31/6.  
Afzal S. Siddiqui, Emily S. Bartholomew, Chris Marnay, and Shmuel S. Oren 11/22/04 1.26 MB PDF 04-38
Joint Energy and Reserves Auction with Opportunity Cost Payment for Reserves
System operators in the electricity industry are required to procure reserve capacity to deal with unanticipated outages, demand shocks, and transmission constraints. One traditional method of procuring reserves is through a separate capacity auction with two-part bids. We analyze an alternative scheme whereby reserves are procured through the energy market using only energy bids, and capacity payments are made based on a generator’s implied opportunity cost. By using the revelation principle, we are able to derive the equilibrium bidding function in this market and show that generators have a clear incentive to understate their costs in order to capture higher capacity rents. We then show that in spite of making energy payments based on the marginally procured unit, the expected energy costs under our scheme are bounded by that of a disjoint auction. We then give a numerical example for a special case of uniform demand distributions.

Uploaded: November 22, 2004. Bulk Power System Dynamics and Control VI, Cortina d'Ampezzo, Italy, August 22-27, 2004.  
Shmuel Oren and Ramteen Sioshansi 11/22/04 166.39 KB PDF 04-39
Cournot Equilibrium in Price-capped Two-Settlement Electricity Markets
We compare two alternative mechanisms for capping prices in two-settlement electricity markets. With sufficient lead time and competitive entry opportunities, forward market prices are implicitly capped by competitive pressure of potential entry that will occur when forward prices rise above a certain level. Another more direct approach is to cap spot prices through regulatory intervention. In this paper we explore the implications of the two alternative mechanisms in a two settlement Cournot equilibrium framework. We formulate the market equilibrium as a stochastic equilibrium problem with equilibrium constraints (EPEC) capturing congestion effects, probabilistic contingencies and market power. As an illustrative test case we use the 53- bus Belgian electricity network with representative generator cost but hypothetical demand and ownership assumptions. When compared to two-settlement systems without price caps we find that either of the price capping alternatives results in reduced forward contracting. Furthermore the reduction in spot prices due to forward contracting is smaller.

Uploaded: November 22, 2004. 38th Annual Hawaii International Conference on System Sciences (HICSS 2005), Big Island, Hawaii, January 3-6, 2005.  
Jian Yao, Bert Willems, Shmuel S. Oren, and Ilan Adler 07/19/16 192.06 KB PDF 04-40
Static Collapse and Topological Cuts
This paper explores the relationships between power system static collapse and flows in topological cuts. It seeks a “local” detection of this “global” phenomenon. The paper proposes a method capable of identifying a limiting cut which has this property. This method is based on the concepts of “bus through flow” and a bus static transfer stability limit (BSTSL), both defined here. Exploration of the limitations of power transfer through buses and topological cuts provides insight on the mechanisms for static collapse and points to remedial actions to extend its margin.

Uploaded: December 14, 2004. 38th Annual Hawaii International Conference on System Sciences (HICSS 2005), Waikoloa, Hawaii, January 3-6, 2005.  
Santiago Grijalva and Peter W. Sauer 12/14/04 670.57 KB PDF 04-41
Market Structure and the Predictability of Electricity System Line Flows: An Experimental Analysis
This experimental analysis demonstrates that letting the customers participate fully in the market reestablishes the predictability of line flows as a function of system load. In all of these experiments there are no restrictions on permissible offering behavior by suppliers (e.g. no price caps, prohibitions on withholding capacity or automated mitigation procedures). Two alternative forms of demand side participation are considered:
    1) a demand response program (DRP) where customers are alerted to high prices in the subsequent period and are paid a pre-specified amount for each kWh less than their benchmark level of usage for that period, and
    2) a real time pricing program (RTP) where customers are given forecasts of prices for each period over the subsequent day and they then pay the actual period-by-period market clearing price.
As a benchmark, these experiments with six suppliers and seventeen buyers are also repeated where customers pay an average constant price in all periods (FP); although in all cases sellers receive the market-clearing price in each period.

Uploaded: December 14, 2004. Conference Paper for the 38th Annual Hawaii International Conference on System Sciences (HICSS 2005), Waikoloa, Hawaii, January 3-6, 2005.  
Nodir Adilov, Thomas Light, Richard Schuler, William Schulze, David Toomey, and Ray Zimmerman 12/14/04 248.92 KB PDF 04-42
Automated Monitoring and Control Using New Data Integration Paradigm
This paper introduces a new paradigm for data integration where the substation field data recorded by monitoring and protection Intelligent Electronic Devices (IEDs) is used to supplement Remote Terminal Unit (RTU) data for Supervisory Control and Data Acquisition (SCADA) system, which improves SCADA and other applications. This data integration paradigm allows very detailed monitoring of the power system and subsequently a more comprehensive decision making opportunities for the control applications. The data interfacing between the substation IEDs and EMS SCADA database to allow for such integration is elaborated on indicating various issues in using present IEC standards 61850 and 61970 to accomplish the required data interfacing. The paper ends with a discussion of the benefits of such an approach.

Uploaded: December 16, 2004. Conference Paper for the 38th Annual Hawaii International Conference on System Sciences (HICSS 2005), Waikoloa, Hawaii, January 3-6, 2005.  
Mladen Kezunovic, Tanja Djokic, and Tatjana Kostic 12/16/04 1.23 MB PDF 04-43
Visualization and Animation of State Estimation Performance
Reliable real time system “visibility” depends on a reliable and accurate state estimator. Present experience with state estimators indicates that its reliability is below expectations (an average of 5% non-convergent cases). The causes of this poor performance have been identified in earlier work by the authors and alternative robust state estimators have been proposed. For any state estimator, it is important to develop techniques for monitoring the performance of the state estimator and identification of potential problems such as bad sensors, consistent errors, modeling errors, etc. The paper presents visualization and animation methods that assist this process. It is demonstrated that bad data many times can be detected via visualization methods. The methodologies are demonstrated with a hybrid three-phase state estimator which addresses the issue of systematic errors from modeling and imbalance errors. This estimator is enhanced by visualization and animation methods that provide valuable information to users and system operators “at a glance”. The procedure and the visualization techniques are demonstrated on TVA’s 500 kV transmission system.

Uploaded: December 19, 2004. Conference paper for the 38th Annual Hawaii International Conference on System Sciences (HICSS 2005), Waikoloa, Hawaii, January 3-6, 2005.  
A. P. Sakis Meliopoulos, George J. Cokkinides, Mike Ingram, Sandra Bell, and Sherica Mathews 12/19/04 547.73 KB PDF 04-44
Testing the Effects of Holding Forward Contracts On the Behavior of Suppliers in an Electricity Auction
The objective of this paper is to test how spot prices are affected by forward contracts using experimental economics. One set of tests used students to represent suppliers in an electricity auction with
    1) no forward contracts,
    2) permanent forward contracts, and
    3) renewable forward contracts.
In the latter test, the price of a new forward contract is affected by conditions in the spot market. An identical set of tests was also conducted using computer agents to represent all of the suppliers. The objective was to demonstrate that computer agents can be used effectively to test electricity auctions and do additional sensitivity tests to supplement the results obtained using humans. The results show that holding a forward contract is an effective way to mitigate high prices if the same contract is held for all trading periods and the price of this contract is independent of the spot prices (i.e. is fixed). However, there is more speculation and the spot prices are higher when a forward contract is renewed periodically and spot prices influence the forward price. With a renewable forward contract, a price spike increases a supplier’s current earnings in the spot market and expected future earnings from a new forward contract. The overall conclusion is that long-term bilateral contracts will reduce speculative behavior, but this effect will be dissipated in an active forward market with a large amount of secondary trading.

Uploaded: December 20, 2004. Conference paper for the 38th Annual Hawaii International Conference on System Sciences (HICSS 2005), Waikoloa, Hawaii, January 3-6, 2005.  
Hyungna Oh and Tim Mount 07/19/16 136.00 KB PDF 04-45
Observability Analysis and Measurement Placement for Systems with PMUs
This paper is concerned about the analysis of network observability and phasor measurement unit (PMU) placement when using a mixed measurement set. The measurements will include conventional power flows and injections as well as phasor measurements for voltages and line currents provided by phasor measurement units. The observability analysis is followed by an optimal meter placement strategy for the PMUs.

Uploaded: May 12, 2005. Proceedings of the IEEE Power Systems Conference and Exposition, vol. 2, pp. 943-946, New York, New York, October 10-13, 2004.  
Bei Xu and Ali Abur 05/12/05 66.58 KB PDF 04-46
A Comprehensive Contribution Factor Method for Congestion Management (S-19)
This paper introduces a comprehensive method for congestion management by using network, generator and load contribution information. When congestion occurs, the priority is given first to the network contribution factor, then to the generator contribution factor and last to the load contribution factor. If the congestion can be relieved by the network adjustment, only the network control is used. Otherwise, generator re-dispatching is initialized. The method may also be combined with demand side (load) management to solve the congestion. The congestion management scheme is presented in this paper.

Uploaded: July 13, 2005. This work was supported by PSERC project "Detection, Prevention and Mitigation of Cascading Events" (S-19). IEEE Power Systems Conference and Exposition, vol. 2, pp. 977-981, New York, New York, October 10-13, 2004.  
Hongbiao Song, Mladen Kezunovic 07/14/05 384.35 KB PDF 04-47
Relieving Overload and Improving Voltage by the Network Contribution Factor (NCF) Method (S-19)
This paper introduces new Network Contribution Factor (NCF) method for relieving overload and improving voltage by using the network contribution information and base load flow conditions. When line overload or low voltage occurs, irrespective if it is caused by disturbance, load increase, or wheeling, we first find the following network contribution factors: Flow Network Contribution Factor (FNCF) and Voltage Network Contribution Factor (VNCF). Then we choose the most contributing elements and change their parameters, either by line control (Thyristor Controlled Series Capacitor-TCSC, line switching, etc.) or bus control (shunt capacitor, Static Var Compensator-SVC, etc.). The variances of the line flow and bus voltage are calculated. The results are verified by power flow calculation. This method can quickly find the parameter contributing to the largest variance based on the network information and base load flow conditions. It can be used for re-dispatching load flow, solving congestion, relieving overload, improving voltage, controlling emergency, etc.

Uploaded: July 13, 2005. This work was supported by Pserc project "Detection, Prevention and Mitigation of Cascading Events" (S-19). 36th Annual North American Power Symposium (NAPS 2004), University of Idaho, Moscow, Idaho, August 9-10, 2004.  
Hongbiao Song, Mladen Kezunovic 07/14/05 367.68 KB PDF 04-48
Stability Control using PEBS method and Analytical Sensitivity of the Transient Energy Margin (S-19)
This paper introduces a stability control scheme based on a Lyapunov direct method, the Potential Energy Boundary Surface (PEBS) method, and analytical sensitivity of the transient energy margin. It classifies the stability control means into two categories, admittance-based control (ABC) and generator input-based control (GIBC), and uses a comprehensive method to analyze the contribution of each control. The scheme can get the optimal control from all the available control means by sensitivity analysis and then verify it in the transient stability program. Fast and accurate control goal is obtained from this stability control scheme.

Uploaded: July 14, 2005. This work was supported by PSERC project "Detection, Prevention and Mitigation of Cascading Events: Parts 1-3" (S-19). IEEE Power Systems Conference and Exposition (PSCE 2004), New York, October 10-13, 2004.  
Hongbiao Song, Mladen Kezunovic 07/14/05 369.68 KB PDF 04-49
Verifying the Protection System Operation Using an Advanced Fault Analysis Tool Combined with the Event Tree Analysis (S-19)
Relay misoperations play an important role in cascading events. This paper proposes a novel strategy to monitor and verify relay operations during disturbances. Neural network based fault detection (NNFD) algorithm and Synchronized sampling based fault location (SSFL) algorithm are combined as an advanced fault analysis tool to give the precise fault information. Event tree analysis (ETA) is used for comparing relay operations in the real system with expected relay actions. Corrective actions are introduced if relay operations are contributing to cascading events. A case study is given in this paper to help better understanding of the entire strategy.

Uploaded: July 7, 2005. PSERC Final S-19 Project Report for "Detection, Prevention and Mitigation of Cascading Events: Parts 1-3" (S-19). 36th Annual North American Power Symposium (NAPS 2004), University of Idaho, Moscow, Idaho, August 9-10, 2004.  
Nan Zhang and Mladen Kezunovic 07/14/05 120.71 KB PDF 04-50
Dynamic Embedded Optimization and Shooting Methods for Power System Performance Assessment
Power system dynamic performance enhancement can often be formulated as a dynamic embedded optimization problem. The associated cost function quantifies performance, and involves dynamically evolving state variables. The dynamic model is embedded within the constraints. Power systems form an important example of hybrid systems, with interactions between continuous dynamics and discrete events playing a fundamental role in behaviour. However it is shown that for a large class of problems, the cost function is smooth even though the underlying dynamic response is non-smooth. Complementing this design-oriented optimization framework, techniques for assessing power system performance and vulnerability can often be expressed as boundary value problems, and solved using shooting methods. it is shown that performance limitations are closely related to grazing phenomena. Techniques are presented for determining parameter values that induce limit cycles and grazing.

Uploaded July 27, 2005.. I.A. Hiskens, J-W. Park and V. Donde, Chapter 9: "Dynamic embedded optimization and shooting methods for power system performance assessment", in Book "Applied Mathematics for Deregulated Electric Power Systems: Optimization, Control, and Computational Intelligence", Chapter 9, Editors: Joe H. chow, Felix F. Wu, and James A. Momoh, Publisher: Springer Science+Business Media Inc., New York, NY, 2005 Edition, Published on November 9, 2004.  
Ian A. Hiskens, Jung-Wook Park, and Vaibhav Donde 08/23/05 483.57 KB PDF 04-51
Protecting the Market from "Hockey Stick" Pricing: How the Public Utility Commission of Texas is Dealing with Potential Price Gouging
An automatic mitigation procedure called the Competitive Solution Method offers a way of guarding against price gouging while keeping the door open to appropriate scarcity rents and price signals.

Uploaded: September 17, 2005. Journal: The Electricity Journal, vol. 17, issue 3, pp. 26-33, April 2004. Available online at: http://www.sciencedirect.com/science/journal/10406190/17/3.  
David Hurlbut, Keith Rogas and Shmuel Oren 09/17/05 201.71 KB PDF 04-52
Float Together/Sink Together? The Effect of Connectivity on Power Systems
The recent mantra for reorganizing power systems in the U.S. has been to extend the geographic scope of control centers to span several states, utilities and/or grid operators, initially for the purpose of expanding the range of economic transfers and more recently to improve operational reliability, in both cases through the reduction of “seams” at the borders of control areas. Currently, the power system(s) in the U. S. is a hodge-podge - - institutionally, economically, physically and in terms of regulatory oversight. It is the epitome of nationwide de-centralized decision-making about a set of systems that are, nevertheless, highly centralized locally. This analysis reviews these seeming inconsistencies and examines the likely consequences for reliability. Conceptually, it compares strongly coordinated network systems vs. decentralized loosely coupled systems as applied to the vulnerability of power grids to catastrophic collapse.

Uploaded: September 20, 2005. Book "The Economic Costs and Consequences of Terrorism", Edited by Harry W. Richardson, Peter Gordon, and James E. Moore III, 360 pp., Publisher: Edward Elgar Publishing Limited, Northampton, Massachusetts, Chapter 6, 28 pp, March 27, 2007.  
Richard E. Schuler 09/20/05 376.75 KB PDF 04-53
Evolving Nature of Electricity Market Design in the U.S.
The introduction of the blueprint for open access transmission operations laid out in the FERC Orders No. 888 and 889 in 1996 was followed by the Order No. 2000 which directed FERC-jurisdictional entities to establish new transmission structures called regional transmission organizations or RTO’s. FERC subsequently invested considerable time and effort to develop a robust wholesale market via the so-called standard design (SMD) proposed rule making. The SMD was a bold, overly prescriptive and overly ambitious undertaking that failed due to various political, regional and stakeholder pressures, including the opposition of those entities who have yet to accept the notion of markets in the electricity sector. FERC withdrew the proposed rulemaking and replaced it with the less ambitious White Paper on the Wholesale Power Market Platform (WPM). While many of the underlying SMD aspects were kept, the overall effect was to move away from the cookie-cutter approach and to encourage regional differences in the market design arena. This paper assesses the thrusts of the SMD proposal and those of its redrafted version as presented in the WPM White Paper. The objective is to examine the FERC’s vision for achieving smoothly functioning electricity wholesale markets in the U.S. and the path taken toward the implementation of that vision.

Uploaded: September 26, 2005. Proceedings of the 4th General Meeting and Central & Eastern European Forum (IERE 2004), Krakow, Poland, October 17-21, 2004. (program agenda)  
George Gross 09/26/05 141.21 KB PDF 04-54
Role of Distribution Factors in Congestion Revenue Rights
In the locational marginal price (LMP)-based congestion management scheme, transmission customers face uncertainty in the congestion charges they incur. In order to bring certainty to customers, congestion revenue rights (CRR) such as the fixed transmission rights (FTR) used in the PJM interconnection and flowgate rights (FGR) are introduced. These CRR are financial tools that provide the holder reimbursement of the congestion charges incurred in the day-ahead market. The implementation of CRR requires appropriate modeling of the transmission network in which the distribution factors are extensively used.
These factors—the injection shift factors (ISFs) and the power transfer distribution factors (PTDFs)—are linear approximations of the sensitivities of the active power line flows with respect to various variables. The factors are computed for a specified network topology and parameter values. In practice, the PTDFs used for the CRR issuance may be different from those used in the day-ahead market due to changes in the forecasted network conditions. The PTDF errors may impact the FTR issuance quantities, the revenue adequacy of the FTR issuer and the hedging ability of the FGR. In this paper, we explore analytical characteristics of these distribution factors and investigate their role in CRR applications. We study the nature of the PTDF errors and examine their impacts in these applications, both analytically and experimentally. Our results indicate that the impacts of the PTDF errors in CRR applications stay in an acceptable range under a broad spectrum of conditions including contingencies used to establish 1 security.

Uploaded: September 26, 2005. IEEE TRANSACTIONS ON POWER SYSTEMS, VOL. 19, NO. 2, PP. 802-810, MAY 2004.  
Minghai Liu and George Gross 09/26/05 310.40 KB PDF 04-55
PowerWeb Testing of Various Auction Clearing Mechanisms for Electricity
Testing auction mechanisms using humans in a controlled environment provides an excellent and inexpensive means for evaluating their relative merits. This paper describes a framework for testing the efficacy of various supply-side auctions including one with price-responsive load and a soft-cap market. These are compared to a non-uniform price discriminative auction also inappropriately termed a “pay-as-bid” auction. Experimental evidence to date based on uniform price market testing has shown an ability of price responsive load to mitigate high volatility and average price.

Uploaded: June 27, 2006. IEEE Power Systems Conference and Exposition (PSCE 2004), vol. 3, pp. 1624-1630, New York, October 10-13, 2004.  
Robert J. Thomas, Timothy D. Mount, Ray D. Zimmerman 06/27/06 596.04 KB PDF 04-56
Market Efficiency, Competition, and Communication in Electric Power Markets: Experimental Results
Economic theory gives no clear indication of the minimum number of producers necessary for a market to define competitive price-quantity equilibria which approximate price equal to marginal cost. Previous work and FERC Guidelines generally suggest that 6 to 10 generators may be workably competitive. Our experiments with PowerWeb suggest that a higher number of suppliers may be necessary to approximate competitive market solutions, this in the absence of any communication among producers. As communications rules are altered to parallel differing types of antitrust enforcement, market results with 24 participants approach pure monopoly values.

Uploaded: June 27, 2006. Journal: Ecological Economics, vol. 48, issue 3, pp. 317-327, March 2004.  
Duane Chapman, Christian Vossler, Timothy Mount, V. Barboni, Robert J. Thomas, Robert B. Zimmerman 07/19/16 485.11 KB PDF 04-57
PowerWeb: A Tool for Evaluating Economic and Reliability Impacts of Electric Power Market Designs
This paper describes a web-based electric power market simulation tool called POWERWEB. It can be used as an experimental economics research tool to evaluate the economic and reliability impacts of given market designs as well as to train and educate students, industry professionals and policy makers. It is unique in its ability to combine the human behavior characteristics of a market structure with the operational and reliability aspects of the underlying power system.

Uploaded: June 27, 2006. IEEE Power Systems Conference and Exposition (PSCE 2004), vol. 3, pp. 1562-1567, New York, October 10-13, 2004.  
Ray D. Zimmerman, and Robert J. Thomas 06/27/06 1.40 MB PDF 04-58
Identifying the Potential for Market Power in Electric Power Systems in Real-Time
The abuse of market power is a potentially serious problem for market designers. Few if any indices exist to measure the potential for market power in real-time. In references [1-2] an expression for a dispatch-to-price sensitivity matrix, M, was derived. The expression requires information about network topology and parameters as well as the rules used to operate the market. While computing the matrix is conceptually easy for those with all the market and system information (e.g., an ISO), the method is probably impractical for market participants due to the inaccessibility of much of the information. In this paper we suggest a method for estimating the M-matrix by using publicly available data. This suggests that any market participant who does the computation will know when conditions permit them to lower/raise prices through decreased/increased bids and/or offers.

Uploaded: June 27, 2006. 37th Hawaii International Conference on System Sciences (HICSS 2004), Big Island, Hawaii, January 5-8, 2004.  
HyungSeon Oh, Robert J. Thomas 07/19/16 284.83 KB PDF 04-59
A Virtual Environment for Protective Relaying Evaluation and Testing
Protective relaying is a fundamental discipline of power system engineering. At Georgia Tech we offer three courses that cover protective relaying: an undergraduate course that devotes one-third of the semester on relaying, a graduate course entitled “Power System Protection” and a three and a half day short course for practicing engineers. To maximize student understanding and training on the concepts, theory and technology associated with protective relaying, we have developed a number of educational tools, all wrapped in a virtual environment. The virtual environment includes
    (a) a power system simulator,
    (b) a simulator of instrumentation for protective relaying with visualization and animation modules,
    (c) specific protective relay models with visualization and animation modules and
    (d) interfaces to hardware so that testing of actual relaying equipment can be performed.
We refer to this set of software as the “virtual power system”. The virtual power system permits the in-depth coverage of the protective relaying concepts in minimum time and maximizes student understanding. The tool is not used in a passive way. Indeed the students actively participate with well-designed projects such as (a) design and implementation of multifunctional relays, (b) relay testing for specific disturbances, etc. The paper describes the virtual power system organization and “engines”, such as solver, visualization and animation of protective relays, etc. It also discusses the utilization of this tool in the courses via specific application examples and student assignments.

Uploaded: June 30, 2006. IEEE TRANSACTIONS ON POWER SYSTEMS, VOL. 19, NO. 1, PP. 104-111, FEBRUARY 2004.  
A.P. Sakis Meliopoulos and George J. Cokkinides 07/19/16 505.54 KB PDF 04-60