A Dataset for Electricity Market Studies on Western and Northeastern Power Grids in the United States

Abstract

AbstractEfficient electricity market operations and cost-effective electricity generations are fundamental to a low-carbon energy future. The Western Electricity Coordinating Council (WECC) and Northeast Power Coordinating Council (NPCC) systems were built to provide efficient electrical grid simulation solutions for their respective U.S. regions. Data reuse for electricity economic studies remains a challenge due to the lack of credible and realistic economic data. This paper delivers a comprehensive dataset containing generator aggregations, generator costs, transmission limits, load distributions, and electricity prices for the WECC and NPCC systems based on real-world grid operation data at year 2020, including power plant geographic locations, generation profiles, regional power flow interchanges, and load distributions in both regions. The electricity price from the developed dataset is simulated based on the other items in the dataset, and we show that the variation of the simulated electricity price reasonably aligns with the real-world electricity price in both the WECC and NPCC regions. Overall, the developed dataset is of interest for various electricity market and economic studies, such as the economic dispatch and locational marginal price (LMP) analysis.