This project was designed to continue the coordinated program in the theory, design and testing of multidimensional markets for energy, reserves and other ancillary services, and the integration of active demand-side participation to form self-regulating markets. New experiments were developed to determine the effects of transfers on native load LMP, voltage profiles and market power.
Mount, Tim
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Description:
The primary objectives of this proposal were to (1) evaluate the effects of different types of storage on annual system costs and performance, (2) evaluate the effects of ramping on annual system costs and performance, (3) develop appropriate rate structures and incentives to promote distributed resource participation in coordinated aggregation schemes, (4) develop distributed resource models and control algorithms that accurately capture the aggregate demand-side flexibility as managed by an aggregator, (5) determine the system value of offering demand-side flexibility into a wholesale mar
Description:
The objective of this project was to use the new multi-period version of the Cornell SuperOPF to analyze the system and economic effects of having high penetrations of renewable energy on a network and to determine effective ways to mitigate the inherent variability of these sources.
Description:
This project was designed to investigate how the presence of forward contracts affects the behavior of suppliers in real-time markets, how suppliers and buyers determine an equilibrium between forward and real-time sales, how the volatility of spot prices affects the levels of investment in new generation capacity and demand-side response, and how to provide incentives for transmission, generation and distributed energy resources (including load response) to maintain acceptable standards of reliability in the supply system (i.e. maintain system adequacy).