Systems And Methods For Managing Watchlist Constraints On An Electric Power Grid

The present disclosure pertains to a system that may be configured to operate a power grid, including generation participants, consumers, and a controller that administers a market for the power generation participants and the consumers on the power grid. The operation of the power grid may include: performing power grid coordination calculations based upon, at least in part, constraints that pertain to the flow and/or congestion of power on the grid; and managing the coordination calculations by reducing a number of constraints used in the coordination calculations, the managing including a first step of coarse screening of the constraints, a second step of deterministic fine screening of the constraints, and a third step of statistical fine screening of the constraints. This second step may cause identification of constraints that are redundant and/or dominated by other constraints.