System for generating a resultant model for a power system
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United States of America Patent
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Issued Date -
Nov 11, 2004
app pub date -
May 8, 2003
filing date -
May 8, 2003
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A system for generating a resultant model for a particular generation or transmission power system is described, illustrated and claimed. The system involves a new and novel method that combines scenarios and their probabilities to estimate the areas of possible congestion, the expected values of congestion contracts, locational marginal prices, and scenario specific generation and transmission expansion plans as well as other relevant outcomes. One embodiment of the present invention is a model that develops multiple generation and transmission scenarios.
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