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Article: Decentralized congestion management for multilateral transactions based on optimal resource allocation

TitleDecentralized congestion management for multilateral transactions based on optimal resource allocation
Authors
KeywordsCongestion management
Decentralized optimization
ISO standards
Optimal resource allocation
Optimization
Power market
Power markets
Quality management
Resource allocation
Telecommunication congestion control
Issue Date2007
PublisherI E E E. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=59
Citation
Ieee Transactions On Power Systems, 2007, v. 22 n. 4, p. 1835-1842 How to Cite?
Abstract
This paper proposes a decentralized model for dc load flow based congestion management for the forward markets via Optimal Resource Allocation (ORA). The available thermal capacities of possible congested transmission lines are considered as commonly shared resources for all bilateral and multilateral transactions in the market. In our model, each transaction maximizes its profit under the limits of transmission line capacities allocated by the ISO. The ISO searches the optimal allocation of line capacities to each transaction. Finally, the same market efficiency (social welfare) as centralized optimization can be reached. The ORA-based decentralized approach is more suitable for power market environment, since it always keeps the intermediate solution feasible during the iterations and does not require each transaction to submit their private and sensitive information. The mathematical model, computation procedure and relevant proof are presented. The computer test results from the IEEE 30 bus system illustrate the effectiveness of proposed approach. © 2007 IEEE.
Persistent Identifierhttp://hdl.handle.net/10722/57464
ISSN
2013 Impact Factor: 3.530
2013 SCImago Journal Rankings: 3.293
ISI Accession Number ID
References

 

Author Affiliations
  1. The University of Hong Kong
  2. North China Electric Power University
DC FieldValueLanguage
dc.contributor.authorLiu, Ken_HK
dc.contributor.authorNi, Yen_HK
dc.contributor.authorWu, FFen_HK
dc.contributor.authorBi, TSen_HK
dc.date.accessioned2010-04-12T01:37:22Z-
dc.date.available2010-04-12T01:37:22Z-
dc.date.issued2007en_HK
dc.identifier.citationIeee Transactions On Power Systems, 2007, v. 22 n. 4, p. 1835-1842en_HK
dc.identifier.issn0885-8950en_HK
dc.identifier.urihttp://hdl.handle.net/10722/57464-
dc.description.abstractThis paper proposes a decentralized model for dc load flow based congestion management for the forward markets via Optimal Resource Allocation (ORA). The available thermal capacities of possible congested transmission lines are considered as commonly shared resources for all bilateral and multilateral transactions in the market. In our model, each transaction maximizes its profit under the limits of transmission line capacities allocated by the ISO. The ISO searches the optimal allocation of line capacities to each transaction. Finally, the same market efficiency (social welfare) as centralized optimization can be reached. The ORA-based decentralized approach is more suitable for power market environment, since it always keeps the intermediate solution feasible during the iterations and does not require each transaction to submit their private and sensitive information. The mathematical model, computation procedure and relevant proof are presented. The computer test results from the IEEE 30 bus system illustrate the effectiveness of proposed approach. © 2007 IEEE.en_HK
dc.languageengen_HK
dc.publisherI E E E. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=59en_HK
dc.relation.ispartofIEEE Transactions on Power Systemsen_HK
dc.rightsIEEE Transactions on Power Systems. Copyright © IEEE.en_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.rights©2007 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE.-
dc.subjectCongestion managementen_HK
dc.subjectDecentralized optimizationen_HK
dc.subjectISO standardsen_HK
dc.subjectOptimal resource allocationen_HK
dc.subjectOptimizationen_HK
dc.subjectPower marketen_HK
dc.subjectPower marketsen_HK
dc.subjectQuality managementen_HK
dc.subjectResource allocationen_HK
dc.subjectTelecommunication congestion controlen_HK
dc.titleDecentralized congestion management for multilateral transactions based on optimal resource allocationen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0885-8950&volume=22&issue=4&spage=1835&epage=1842&date=2007&atitle=Decentralized+congestion+management+for+multilateral+transactions+based+on+optimal+resource+allocationen_HK
dc.identifier.emailNi, Y: yxni@eee.hku.hken_HK
dc.identifier.emailWu, FF: ffwu@eee.hku.hken_HK
dc.identifier.authorityNi, Y=rp00161en_HK
dc.identifier.authorityWu, FF=rp00194en_HK
dc.description.naturepublished_or_final_versionen_HK
dc.identifier.doi10.1109/TPWRS.2007.907540en_HK
dc.identifier.scopuseid_2-s2.0-36348934669en_HK
dc.identifier.hkuros145698-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-36348934669&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume22en_HK
dc.identifier.issue4en_HK
dc.identifier.spage1835en_HK
dc.identifier.epage1842en_HK
dc.identifier.isiWOS:000250559200047-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridLiu, K=23009288400en_HK
dc.identifier.scopusauthoridNi, Y=7402910021en_HK
dc.identifier.scopusauthoridWu, FF=7403465107en_HK
dc.identifier.scopusauthoridBi, TS=6602683764en_HK

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