An algorithm for implementing transmission rights in a competitive power industry

Yu, Chien-Ning; Ilić, Marija

doi:10.1109/pesw.2000.847608

Cited by 7 publications

(8 citation statements)

References 9 publications

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“…To achieve greater consistency between the decentralized forward markets and the dispatch market, these designs specify transmission rights consistent with the full network representation and they may also encourage optimization of the forward energy markets to facilitate efficient unit commitment [3], [7]. In one approach, the process of iteration toward market clearing between the system operator and the generators could be envisioned using a model of hierarchical optimization [8]- [10]. All told, these designs recognize a much greater role for the central operator in setting physical constraints on forward power trading than originally envisioned in the decentralized market concepts.…”

Section: ) Integrated or Centralized Spot Auction Marketsmentioning

confidence: 99%

Design of Efficient Generation Markets

et al. 2005

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The design of spot markets for generation services, such as energy, regulation, and operating reserves, and longer term markets for capacity, remain in evolution in many countries. Market design includes definition of the service, bid, or offer requirements, and rules for pricing and financial settlement. In the United States, most organized regional markets have converged on similar elements of spot market design. The design of capacity markets remains in flux. Market power mitigation is currently a regulatory requirement in the United States, and experience with different methods shows that it must be carefully aligned with market design to ensure both efficient pricing and efficient investment. This paper surveys these topics and their relationships to each other and identifies researchable issues.

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Section: ) Integrated or Centralized Spot Auction Marketsmentioning

confidence: 99%

Design of Efficient Generation Markets

et al. 2005

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“…Alomoush and Shahidehpour proposed fixed transmission rights that can hedge congestion charges when utilized with locational marginal prices thereby defining zonal boundaries to managing congestion and efficient use of transmission system [7,8]. An algorithm for long-term values of transmission rights (TRs) to manage congestion was proposed in [9]. The basic concepts of transmission management, dispatch model, and role of the ISO for congestion management are proposed in [10].…”

Section: Introductionmentioning

confidence: 99%

Congestion management with FACTS devices in deregulated electricity markets ensuring loadability limit

Kumar

Sekhar

2013

International Journal of Electrical Power & Energy Systems

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“…Under the per- 4 The structure of PJM ISO resembles the mandatory system operator model. 5 Although a generalization can be made to include elastic demand in formulation, for the rest of the chapter we assume the consumers' demand is inelastic since not much is lost in term of the main purpose of the chapter.…”

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confidence: 99%

Transmission Expansion in the New Environment

Yoon¹,

Ilić²

2001

Power System Restructuring and Deregulation

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This chapter gives an account o f t h e regulatory rules, rights and responsibilities essential for adequate transmission expansion in the new environment of the market-based electricity industry. We point out that the lack of incentives for transmission system expansion is the major cause for the current trend of declining reliability. The trend will continue unless the su cient capital for the system expansion can be raised by the transmission owners providers. The market mechanism needed for attracting such capital is presented in this chapter. It is important to recognize that in the new environment the role of transmission provider is no longer limited to managing physical transmission grids but also includes providing the communication infrastructure for transmitting accurate and transparent information regarding the system status to market participants in near real time. From the perspective of serving market participants as real customers through this new infrastructure the transmission provider is an active economic entity with the objective of pro t maximization. With this in mind then the transmission expansion becomes merely a necessary ingredient for creating symbiotic relationship between the transmission provider and her customers. We conclude with describing a few indispensable tools in development for accommodating the evolving demand of customers in the market as presented in the chapter.

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An algorithm for implementing transmission rights in a competitive power industry

Cited by 7 publications

References 9 publications

Design of Efficient Generation Markets

Design of Efficient Generation Markets

Congestion management with FACTS devices in deregulated electricity markets ensuring loadability limit

Transmission Expansion in the New Environment

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