NewGrid Presents Topology Optimization Day-Ahead Markets Results At FERC Technical Conference
Dr. Pablo Ruiz, CEO and CTO of NewGrid, recently discussed the impact of topology optimization on PJM day-ahead markets at the FERC Technical Conference on Increasing Real-Time and Day-Ahead Market Efficiency through Improved Software. Results of simulations on the PJM system under historical conditions indicate substantial reductions in day-ahead market costs when transmission topology is optimized alongside unit commitment. The simulations also indicate that the use of topology optimization has positive impacts on financial transmission rights (FTR) revenue adequacy. For more details, please see the FERC presentation or contact us at email@example.com.