
Exploring ERCOT with Brandt Vermillion (ERCOT Market Lead @ Modo Energy)
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Efficiency in Power System Management
Managing the power system requires quick decision-making as processes run faster than every 15 minutes. Various steps like economic dispatch, constraint modeling, and contingency analysis have different time requirements, with economic dispatch taking around five seconds and constraint modeling taking over a minute. The optimization in economic dispatch is highlighted as an efficient and vital part of the process.
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