Implications of Regional Transmission Organization Design for Renewable Energy Technologies

Porter, Kevin

doi:10.2172/15000740

Cited by 3 publications

(2 citation statements)

References 5 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…PTP transmission service is chosen when the generator owner requests transmission injecting energy at a certain point and delivers at another point. NITS is chosen when the energy is supplied to several loads in a certain area instead of having multiple PTP requests [4]. NITS allows supply of electricity to network loads using their network resources along with ancillary services [5].…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Challenges of Obtaining Financial Transmission Rights for Wind Projects

Nimmagadda¹,

Harral²,

Bayne³

2013

Power and Energy / 807: Intelligent Systems and Control / 808: Technology for Education and Learning

View full text Add to dashboard Cite

Financial transmission right (FTR) is a financial tool to hedge the congestion component of the locational marginal price (LMP) across two different nodes in a transmission system. FTR is usually purchased by a firm transmission customer and is a financial equivalent of the physical power delivered across the two nodes. In the case of wind farms, the generator might not produce energy when the price difference due to congestion exists. This concept of FTR which is primarily designed for conventional generation and loads might expose the wind farms to a negative cash flow which is a potential issue with the intermittent generations such as wind [1]. In this paper, the drawbacks of the existing FTRs and factors influencing the FTR investment for a wind project are analyzed. Finally, the paper discusses the concept of wind FTRs which provides a potential solution to overcome the drawbacks of existing FTRs and thereby reduce the risk of negative cash flow for wind projects.

show abstract

Section: Introductionmentioning

confidence: 99%

“…NITS allows supply of electricity to network loads using their network resources along with ancillary services [5]. NITS are often used by utilities which needs to supply electricity to rural areas, electric co-operatives and municipal utilities [4].…”

Section: Introductionmentioning

confidence: 99%

Challenges of Obtaining Financial Transmission Rights for Wind Projects

Nimmagadda¹,

Harral²,

Bayne³

2013

Power and Energy / 807: Intelligent Systems and Control / 808: Technology for Education and Learning

View full text Add to dashboard Cite

show abstract

A Leader–Follower Game on Congestion Management in Power Systems

Salehizadeh

Rahimi-Kian

Hausken

2015

Springer Series in Reliability Engineering

View full text Add to dashboard Cite

Procurement Options for New Renewable Electricity Supply

Kreycik¹,

Couture²,

Cory³

2011

View full text Add to dashboard Cite

ERCOT Executive SummaryState renewable portfolio standard (RPS) policies require utilities and load-serving entities (LSEs) to procure renewable energy generation. Utility procurement options may be a function of state policy and regulatory preferences, and in some cases, may be dictated by legislative authority. Utilities and LSEs commonly use competitive solicitations or bilateral contracting to procure renewable energy supply to meet RPS mandates. However, policymakers and regulators in several states are beginning to explore the use of alternatives, namely feed-in tariffs (FITs) and auctions to procure renewable energy supply. A FIT is a procurement mechanism that offers guaranteed grid access and guaranteed energy payment over a long-term contract to all developers within a set of eligible technologies, project sizes, and locations. FIT contract prices are typically set administratively based on location-specific cost criteria. Renewable energy auctions and competitive solicitation are bidding processes, in which developers submit project proposals. The difference between auctions and solicitations is that solicitations include a number of non-price criteria, while auctions select bids based on price alone (although potential bidders must meet a set of criteria in order to submit a bid).As compliance obligations expand, there may be an increasing emphasis on the effectiveness and efficiency of different procurement mechanisms and their best applications. This report does not make recommendations about what approaches (or combinations of approaches) LSEs and states should adopt to procure renewable energy. Rather, it evaluates each approach while assessing a number of important tradeoffs that affect how risks are assigned between developers, utilities, and utility customers.This report evaluates four procurement strategies (competitive solicitations, bilateral contracting, FITs, and auctions) against four main criteria: (1) pricing; (2) complexity and efficiency of the procurement process; (3) impacts on developers' access to markets; and (4) ability to complement utility decision-making processes. These criteria were chosen because they take into account the perspective of each group of stakeholders: ratepayers, regulators, utilities, investors, and developers. The primary conclusions of the report are summarized below. PricingCompetitive solicitations and auctions select for cost-effective projects. A policymaker seeking to promote least-cost generation may want to consider using one of those options. Additionally, in competitive wholesale electricity markets with regional transmission organizations, bilateral contracts may result in cost competitive contracts. However the bilateral contracting approach does not always result in the lowest cost contracts because there may not be other projects to compare against. FITs set prices paid administratively, and consequently may not result in least-cost projects. It can be challenging to design FITs that adjust to market realities and keep prices accurate over ti...

show abstract

Implications of Regional Transmission Organization Design for Renewable Energy Technologies

Cited by 3 publications

References 5 publications

Challenges of Obtaining Financial Transmission Rights for Wind Projects

Challenges of Obtaining Financial Transmission Rights for Wind Projects

A Leader–Follower Game on Congestion Management in Power Systems

Procurement Options for New Renewable Electricity Supply

Contact Info

Product

Resources

About