IEEE TRANSACTIONS ON
POWER SYSTEMS
A PUBLICATION OF THE IEEE POWER ENGINEERING SOCIETY
MAY 2003 VOLUME 18 NUMBER 2 ITPSEG (ISSN 0885.0950)
SPECIAL SECTION ON TOOLS FOR MANAGING RESTRUCTURED ENERGY SYSTEMS
Guest Editors – E. Vaahedi and M. Shahidehpour
Guest Editorial ………………………………………………………………………………………….E. Vaahedi and M. Shahidehpour 420
SPECIAL SECTION PAPERS
Tools For Managing Grid Operation
Converting System Limits to Market Signals (Invited Paper)………………………………………………………………….F. L. Alvarado 422
Transmission Pricing of Distributed Multilateral Energy Transactions to Ensure System Security and Guide Economic Dispatch (Invited
Paper)……………………………………………………………………………………………………………… M. Ilic, E. Hsieh, and P. Ramanan 428
Issues in the Path Toward an RTO and Standard Markets (Invited Paper) ………………………………………………………N. S. Rau 435
The Future of Electronic Scheduling and Congestion Management in North America (Invited Paper) …………………………………………
………………………………………………………………………. D. Irisarri, J.R. Latimer, S. Mokhtari, N. Muller, and I.W. Slutsker 444
Tools For Managing Market Operation
Reconciling Social Welfare, Agent Profits, and Consumer Payments in Electricity Pools (Invited Paper)………………………………………
………………………………………………………………………………………………...F.D. Galiana, A. L. Motto, and F. Bouffard 452
Evolution Toward Standardized Market Design (Invited Paper) ………………………………………… X. Ma, D.I. Sun, and K.W. Cheung 460
The Demand for Operating Reserves: Key to Price Spikes and Investment (Invited Paper) ……………………………………….S. Stoft 470
New Models for Integrated Short-Term Forward Electricity Markets (Invited Paper)…………………………….. S. Hao and F. Zhuang 478
Effective Market Monitoring in Deregulated Electricity Markets (Invited Paper)…………………………A. F. Rahimi and A. Y. Sheffrin 486
Managing Market Risk in Energy (Invited Paper)……………………………………. M. Denton, A. Palmer, R. Masiello, and P. Skantze 494
Risk Assessment in Energy Trading (Invited Paper) ……………………………………………..R. Dahlgren, C.-C. Liu, and J.Lawarree 503
Tools For Participants of Grid Operation and Market Operation Systems
Decision Support Tools for Market Participants (Invited Paper)………………………………………………… F. Albuyeh and J.Kumar 512
IT Requirements for Market Participant Interaction With ISOs/RTOs (Invited Paper)……………… D.Felzien, B.Fesmire, and J.Finney 517
Tools For End-Use Customers
Demand-Side View of Electricity Markets (Invited Paper) ………………………………………………………………….D. S. Kirschen 520
Experience With Existing Grid and Market Operation Systems
Experience with PJM Market Operation, System Design, and Implementation (Invited Paper)…………………………………..A. L. Ott 528
Experience With ERCOT System's IT Development and Operation (Invited Paper)….…………………………………………………………
………………………………………….. S. Sundhararajan, A. Boecker, J. Dondeti, R. Howard, J. Tamby, S. Grendel, and A. Jayantilal 535
Experience With the Nord Pool Design and Implementation (Invited Paper)……………………………………………………………………
………………………………………………………………….. N. Flatabo, G. Doorman, 0. S. Grande, H. Randen, and I. Wangensteen 541
Is NETA the Blueprint for Wholesale Electricity Trading Arrangements of the Future? (Invited Paper).........................S. Hesmondhalgh 548
Integration Infrastructure
Tools for Real-Time Business Integration and Collaboration (Invited Paper)……………………………………………….A. F. Vojdani 555