TRANSMISSION DISPATCH AND CONGESTION MANAGEMENT IN THE EMERGING ENERGY MARKET STRUCTURES

In this paper, we define a system of advanced analytical methods and t ools for secure and efficient operation of the power system in the eme rging energy markets. For this purpose, we first define the concept of the Independent System Operator (ISO) as a ''generic'' operator of an open-access transmission system. We then identify those functions of the ISO that are essential for the security and efficiency of power sy stem operation and identify and describe a system of analytical tools that would enable the ISO to perform the bulk of these functions.