Market Based Intraday Coordination of Electric and Natural Gas System Operation

dc.contributor.author Rudkevich, Aleksandr
dc.contributor.author Zlotnik, Anatoly
dc.contributor.author Ruiz, Pablo
dc.contributor.author Goldis, Evgeniy
dc.contributor.author Beylin, Aleksandr
dc.contributor.author Hornby, Richard
dc.contributor.author Tabors, Richard
dc.contributor.author Backhaus, Scott
dc.contributor.author Caramanis, Michael
dc.contributor.author Philbrick, Russ
dc.date.accessioned 2017-12-28T01:03:58Z
dc.date.available 2017-12-28T01:03:58Z
dc.date.issued 2018-01-03
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.identifier.doi 10.24251/HICSS.2018.327
dc.identifier.isbn 978-0-9981331-1-9
dc.identifier.uri http://hdl.handle.net/10125/50215
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.rights.uri https://creativecommons.org/licenses/by-nc-nd/4.0/
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
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