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Conference paper information

A procedure for the computation of the spot price component associated to transient instability.

S. Galarza, J. Barquín

6as Jornadas Hispano-Lusas de Ingeniería Eléctrica, Lisbon (Portugal). 07-09 julio 1999


Summary:
The present trend towards power system deregularitation has brought the need to accurately compute the costs associated with the different services provided by the electric utilities. Among these costs is the cost related to maintain an adequate level of security face to the contingencies which the power system may suffer, and specifically face to the possibility of loss of synchronism because of transient instability. This paper shows that this computation is feasible in the framework of marginal pricing theory. In fact, a procedure to compute the value of the component of the spot price associated to the transient instability is shown, as well as a numerical example in the well-know 31-buses New England network.


Keywords: Spot price, transient instability.


Publication date: July 1999.



Citation:
Galarza, S., Barquín, J., A procedure for the computation of the spot price component associated to transient instability., 6as Jornadas Hispano-Lusas de Ingeniería Eléctrica, Lisbon (Portugal). 07-09 July 1999.

IIT-99-065A