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Market Based Intraday Coordination of Electric and Natural Gas System Operation

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Item Summary Rudkevich, Aleksandr Zlotnik, Anatoly Ruiz, Pablo Goldis, Evgeniy Beylin, Aleksandr Hornby, Richard Tabors, Richard Backhaus, Scott Caramanis, Michael Philbrick, Russ 2017-12-28T01:03:58Z 2017-12-28T01:03:58Z 2018-01-03
dc.identifier.isbn 978-0-9981331-1-9
dc.description.abstract This paper outlines the design of an intraday market-based mechanism for coordinated scheduling of gas-fired electric generation, intra-day natural gas purchases, sales and deliveries, and underlying pipeline operation. The mechanism is based on an exchange of physical and pricing data between participants in each market, with price formation in both markets being fully consistent with the physics of energy flow. In organized nodal electricity markets, prices are consistent with the physical flow of electric energy in the power grid because the economic optimization used to clear the market accounts for the physics of power flows. In the gas system, the proposed physical operation and pricing will be based on the transient optimization approach that accounts for physical and engineering factors of pipeline hydraulics and compressor station operations. The paper provides theoretical foundations for the market mechanism.
dc.format.extent 10 pages
dc.language.iso eng
dc.relation.ispartof Proceedings of the 51st Hawaii International Conference on System Sciences
dc.rights Attribution-NonCommercial-NoDerivatives 4.0 International
dc.subject Markets, Policy, and Computation
dc.subject gas-electric coordination, locational marginal value of gas, market mechanism, transient pipeline optimization
dc.title Market Based Intraday Coordination of Electric and Natural Gas System Operation
dc.type Conference Paper
dc.type.dcmi Text
dc.identifier.doi 10.24251/HICSS.2018.327
Appears in Collections: Markets, Policy, and Computation

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