Economics Working Papers

Publication Date

12-23-2019

Number

19014

Abstract

The ERCOT Test System developed in this study is an open-source library of Java/Python software classes, together with a synthetic grid construction method, specifically designed to facilitate the study of ERCOT market operations over successive days. In default form, these classes permit a high-level modeling of existing ERCOT market operations. Users can conduct a broad range of computational experiments under alternative parameter settings. In addition, users can readily extend these classes to model additional existing or envisioned ERCOT market features to suit different research purposes. An 8-bus test case is used to illustrate the capabilities of the test system. Ongoing studies making use of the test system to model larger-scale transmission components for integrated transmission and distribution systems are also reported.

JEL Classification

C6, C8, D4, Q4

Version History

Original Release Date: September 11, 2019

Revision: September 19, 2019

Latest Revision: December 23, 2019

Departments

Department of Economics, Iowa State University

File Format

application/pdf

Length

62 pages

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