Solving the Market-to-Market Problem in Large Scale Power Systems

Explore a 27-minute conference talk that delves into solving the market-to-market problem in large-scale power systems. Learn about the challenges of classical large-scale network production cost analysis and its limitations when applied to interconnected areas operated by multiple entities. Discover how external injections and withdrawals can cause loop flows on transmission lines owned by different ISO/RTOs or utilities in highly integrated systems like the Eastern Interconnection. Gain insights into the use of JuMP to address these inefficiencies in inter-regional interconnection management, and understand how it extends PowerSimulations.jl. Examine the implementation of novel solution algorithms for geographic decomposition of large-scale network simulation models, aimed at improving the assessment of transmission investment value.