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Experimental Analysis of Algorithms for Bilateral-Contract Clearing Mechanisms Arising in Deregulated Power Industry

  • Chris Barrett
  • Doug Cook
  • Gregory Hicks
  • Vance Faber
  • Achla Marathe
  • Madhav Marathe
  • Aravind Srinivasan
  • Yoram J. Sussmann
  • Heidi Thornquist
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 2141)

Abstract

We consider the bilateral contract satisfaction problem arising from electrical power networks due to the proposed deregulation of the electric utility industry in the USA. Given a network and a (multi)set of pairs of vertices (contracts) with associated demands, the goal is to find the maximum number of simultaneously satisfiable contracts. We study how four different algorithms perform in fairly realistic settings; we use an approximate electrical power network from Colorado. Our experiments show that three heuristics outperform a theoretically better algorithm. We also test the algorithms on four types of scenarios that are likely to occur in a deregulated marketplace. Our results show that the networks that are adequate in a regulated marketplace might be inadequate for satisfying all the bilateral contracts in a deregulated industry.

Keywords

Sink Node Alamos National Laboratory Electric Power Research Institute Energy Information Administration Federal Energy Regulatory Commission 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2001

Authors and Affiliations

  • Chris Barrett
    • 2
  • Doug Cook
    • 1
  • Gregory Hicks
    • 5
  • Vance Faber
    • 4
  • Achla Marathe
    • Madhav Marathe
      • Aravind Srinivasan
        • 3
      • Yoram J. Sussmann
      • Heidi Thornquist
        • 6
      1. 1.Department of EngineeringColorado School of MinesGolden
      2. 2.Los Alamos National LaboratoryLos Alamos
      3. 3.Lucent TechnologiesMurray Hill
      4. 4.Lizardtech Inc.USA
      5. 5.Department of MathematicsNorth Carolina State UniversityRaleigh
      6. 6.Department of Computational ScienceRice UniversityHouston

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