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Article: Decentralized congestion management for multilateral transactions based on optimal resource allocation
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TitleDecentralized congestion management for multilateral transactions based on optimal resource allocation
 
AuthorsLiu, K1
Ni, Y1
Wu, FF1
Bi, TS2
 
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
 
CitationIeee Transactions On Power Systems, 2007, v. 22 n. 4, p. 1835-1842 [How to Cite?]
DOI: http://dx.doi.org/10.1109/TPWRS.2007.907540
 
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.
 
ISSN0885-8950
2012 Impact Factor: 2.921
2012 SCImago Journal Rankings: 2.837
 
DOIhttp://dx.doi.org/10.1109/TPWRS.2007.907540
 
ISI Accession Number IDWOS:000250559200047
 
ReferencesReferences in Scopus
 
DC FieldValue
dc.contributor.authorLiu, K
 
dc.contributor.authorNi, Y
 
dc.contributor.authorWu, FF
 
dc.contributor.authorBi, TS
 
dc.date.accessioned2010-04-12T01:37:22Z
 
dc.date.available2010-04-12T01:37:22Z
 
dc.date.issued2007
 
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.
 
dc.description.naturepublished_or_final_version
 
dc.identifier.citationIeee Transactions On Power Systems, 2007, v. 22 n. 4, p. 1835-1842 [How to Cite?]
DOI: http://dx.doi.org/10.1109/TPWRS.2007.907540
 
dc.identifier.doihttp://dx.doi.org/10.1109/TPWRS.2007.907540
 
dc.identifier.epage1842
 
dc.identifier.hkuros145698
 
dc.identifier.isiWOS:000250559200047
 
dc.identifier.issn0885-8950
2012 Impact Factor: 2.921
2012 SCImago Journal Rankings: 2.837
 
dc.identifier.issue4
 
dc.identifier.openurl
 
dc.identifier.scopuseid_2-s2.0-36348934669
 
dc.identifier.spage1835
 
dc.identifier.urihttp://hdl.handle.net/10722/57464
 
dc.identifier.volume22
 
dc.languageeng
 
dc.publisherI E E E. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=59
 
dc.publisher.placeUnited States
 
dc.relation.ispartofIEEE Transactions on Power Systems
 
dc.relation.referencesReferences in Scopus
 
dc.rightsIEEE Transactions on Power Systems. Copyright © IEEE.
 
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 management
 
dc.subjectDecentralized optimization
 
dc.subjectISO standards
 
dc.subjectOptimal resource allocation
 
dc.subjectOptimization
 
dc.subjectPower market
 
dc.subjectPower markets
 
dc.subjectQuality management
 
dc.subjectResource allocation
 
dc.subjectTelecommunication congestion control
 
dc.titleDecentralized congestion management for multilateral transactions based on optimal resource allocation
 
dc.typeArticle
 
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<subject>Optimal resource allocation</subject>
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Author Affiliations
  1. The University of Hong Kong
  2. North China Electric Power University