Development of IEEE Test Systems for Economic Analysis

Test systems are crucial for power system planning, operations, and market simulations. The existing IEEE test systems developed are mainly used for reliability, power flow and stability analysis where there is a lack of data for economic analysis. Considering this, this panel will focus on the development of standard test systems of transmission and distribution systems for economic analysis. The session will in particular report test systems for Unit Commitment, hydro-thermal coordination, retail and wholesale market options, and smart distribution grid, etc. The panelists are expected to discuss the aspects of how to improve these test systems and hence develop standard IEEE test systems, which will be available to a broader power engineering community after the panel discussions.