Evaluation of Transmission Congestion Impacts on Electricity Markets

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ISBN 13 :
Total Pages : 244 pages
Book Rating : 4.:/5 (534 download)

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Book Synopsis Evaluation of Transmission Congestion Impacts on Electricity Markets by : Paola Ivonne Caro-Ochoa

Download or read book Evaluation of Transmission Congestion Impacts on Electricity Markets written by Paola Ivonne Caro-Ochoa and published by . This book was released on 2003 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Electricity Transmission Congestion Costs

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ISBN 13 :
Total Pages : 53 pages
Book Rating : 4.:/5 (316 download)

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Book Synopsis Electricity Transmission Congestion Costs by : Joseph H. Eto

Download or read book Electricity Transmission Congestion Costs written by Joseph H. Eto and published by . This book was released on 2003 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, independent system operators (ISOs) and others have published reports on the costs of transmission congestion. The magnitude of congestion costs cited in these reports has contributed to the national discussion on the current state of U.S. electricity transmission system and whether it provides an adequate platform for competition in wholesale electricity markets. This report reviews reports of congestion costs and begins to assess their implications for the current national discussion on the importance of the U.S. electricity transmission system for enabling competitive wholesale electricity markets. As a guiding principle, we posit that a more robust electricity system could reduce congestion costs; and thereby, (1) facilitate more vibrant and fair competition in wholesale electricity markets, and (2) enable consumers to seek out the lowest prices for electricity. Yet, examining the details suggests that, sometimes, there will be trade-offs between these goals. Therefore, it is essential to understand who pays, how much, and how do they benefit in evaluating options (both transmission and non-transmission alternatives) to address transmission congestion. To describe the differences among published estimates of congestion costs, we develop and motivate three ways by which transmission congestion costs are calculated in restructured markets. The assessment demonstrates that published transmission congestion costs are not directly comparable because they have been developed to serve different purposes. More importantly, critical information needed to make them more comparable, for example in order to evaluate the impacts of options to relieve congestion, is sometimes not available.

Assessment of Transmission Congestion for Major Electricity Markets in the US

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ISBN 13 :
Total Pages : 9 pages
Book Rating : 4.:/5 (729 download)

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Book Synopsis Assessment of Transmission Congestion for Major Electricity Markets in the US by : Santosh G. Raikar

Download or read book Assessment of Transmission Congestion for Major Electricity Markets in the US written by Santosh G. Raikar and published by . This book was released on 2001 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper details the estimated congestion rent collected by the Independent System Operators (ISO) since their inception in different electricity markets. The electricity markets analyzed are: New York Power Pool, California Power Exchange, and Pennsylvania-Jersey-Maryland (PJM) power pool. The paper describes the significant assumptions underlying the calculations and attempts to delineate the implications of the assumptions. It is observed that the congestion rent calculations are practically accurate for the California Power Exchange since most of the data pertaining to the inter-zonal transmission power flow and the inter-zonal price differential is readily available. On the contrary, the congestion rent estimation for the New York ISO involves significant assumptions. However, it can be shown that the results are reasonably accurate. The efforts for the similar calculations for the congestion rent for PJM electricity power markets proved to be futile. It would not be unfair to comment that when compared to its peer electricity markets, PJM severely lacks transparency in terms of disclosing information pertaining to the transmission congestion rent calculations.

Financial Transmission Rights

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Publisher : Springer Science & Business Media
ISBN 13 : 1447147871
Total Pages : 442 pages
Book Rating : 4.4/5 (471 download)

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Book Synopsis Financial Transmission Rights by : Juan Rosellón

Download or read book Financial Transmission Rights written by Juan Rosellón and published by Springer Science & Business Media. This book was released on 2013-03-15 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whilst financial rights have appeared as a successful ingredient in North-American power markets, they have their shortcomings both theoretically and in practice. Financial Transmission Rights: Analysis, Experiences and Prospects present a systematic and comprehensive overview of financial transmission rights (FTRS). Following a general introduction to FTRs, including chapters to explain transmission pricing and the general properties of FTRS, experts in the field provide discussions on wide scope of topics. These include: Varying perspectives on FTRS: from electrical engineers to economists, Different mathematical formulations of FTRS Financial Hedging using FTRS, and Alternative solutions to FTRs The detail, expertise and range of content makes Financial Transmission Rights: Analysis, Experiences and Prospect an essential resource for electricity market specialists both at academic and professional levels. “This is THE BOOK we were all expecting to address all key ‘Financial Transmission Rights’ issues. It is comprehensive and reader friendly. You can pick at will in its menu: more or less theory, a bit of maths or none, empirical review of real cases or numerical simulations of many feasible options. Big names rally there to delight you like: Hogan , Oren, Perez-Arriaga, Smeers, Hobbs and... Rosellón. More than a must read: a light house, a map and a survival kit.” Jean – Michel Glachant, Director Florence School, Holder Loyola de Palacio Chair, Chief-editor Economics of Energy & Environmental Policy. "In the last two decades, economists have developed a better understanding of the impact of financial rights on risk management, market power and network expansion in electricity markets, while power systems have experimented with such rights. Striking a good balance between academics and practitioners, always at the frontier of the field, written by the best experts, this volume is essential reading for all those- power systems’ managers and users, regulators, students and researchers- who want to understand the new electricity environment and predict its evolution." Jean Tirole, Toulouse School of Economics and Institute for Industrial Economics (IDEI) Further comments inside.

Market Operations in Electric Power Systems

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Publisher : John Wiley & Sons
ISBN 13 : 0471463949
Total Pages : 552 pages
Book Rating : 4.4/5 (714 download)

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Book Synopsis Market Operations in Electric Power Systems by : Mohammad Shahidehpour

Download or read book Market Operations in Electric Power Systems written by Mohammad Shahidehpour and published by John Wiley & Sons. This book was released on 2003-05-28 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unitcommitment * Market power analysis and game theory applications * Ancillary services auction market design * Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers,consultants, researchers, financial managers, university professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.

A Review of the Monitoring of Market Power

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ISBN 13 :
Total Pages : 92 pages
Book Rating : 4.:/5 (611 download)

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Book Synopsis A Review of the Monitoring of Market Power by :

Download or read book A Review of the Monitoring of Market Power written by and published by . This book was released on 2005 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper surveys the literature and publicly available information on market power monitoring in electricity wholesale markets. After briefly reviewing definitions, strategies and methods of mitigating market power we examine the various methods of detecting market power that have been employed by academics and market monitors/regulators. These techniques include structural and behavioural indices and analysis as well as various simulation approaches. The applications of these tools range from spot market mitigation and congestion management through to long-term market design assessment and merger decisions. Various market-power monitoring units already track market behaviour and produce indices. Our survey shows that these units collect a large amount of data from various market participants and we identify the crucial role of the transmission system operators with their access to dispatch and system information. Easily accessible and comprehensive data supports effective market power monitoring and facilitates market design evaluation. The discretion required for effective market monitoring is facilitated by institutional independence.

The Effect of Increasing the Number of Wind Turbine Generators on Transmission Line Congestion in the Australian National Electricity Market from 2014 to 2025

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis The Effect of Increasing the Number of Wind Turbine Generators on Transmission Line Congestion in the Australian National Electricity Market from 2014 to 2025 by : William Bell

Download or read book The Effect of Increasing the Number of Wind Turbine Generators on Transmission Line Congestion in the Australian National Electricity Market from 2014 to 2025 written by William Bell and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report investigates the effect of increasing the number of wind turbine generators on transmission line congestion in the Australian National Electricity Market's (NEM) existing transmission grid from 2014 to 2025. This reports answers urgent questions concerning the capability of the existing transmission grid to cope with significant increases in wind power. The report findings will help develop a coherent government policy to phase in renewable energy in a cost effective manner. We use a sensitivity analysis to evaluate the effect of five different levels of wind penetration on transmission congestion. The five levels of wind penetration span Scenarios A to E where Scenario A represents 'no wind' and Scenario E includes all the existing and planned wind power sufficient to meet Australia's 20% 2020 41TWh Large Renewable Energy Target (LRET). We also use sensitivity analysis to evaluate the effect on transmission congestion of growth in electricity demand over the projections years 2014 to 2015 and weather over the years 2010 to 2012. The sensitivity analysis uses simulations from the 'Australian National Electricity Market (ANEM) model version 1.10' (Wild et al. 2015). We find congestion on only 14 of the 68 transmission lines in the ANEM Model (Wild et al. 2015). Notably, these 14 congested transmission lines include six of the NEM's interstate interconnectors and eight of the intrastate transmission lines although only three of the intrastate transmission lines exhibited any significant degree of congestion. The increase in wind power penetration has an uneven effect on congestion. The two Queensland (QLD) to New South Wales (NSW) interconnectors QNI and DirectLink exhibit a complementary pattern. Wind power increases congestion on DirectLink but decreases congestion on QNI. BassLink, the interconnector that links Victoria (VIC) and Tasmania (TAS), and the Tarraleah-Waddamana line in TAS also exhibit a complementary pattern that reverses in the highest wind power penetrations scenario E. In contrast, the congestion on the interconnector Regional VIC-Tumut NSW shows volatility with increasing wind power penetration. Finally, the VIC to South Australia (SA) interconnector MurrayLink shows the greatest percentage increase in congestion with increase in wind power.

ספר אוצרות הפסח

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Publisher :
ISBN 13 :
Total Pages : 235 pages
Book Rating : 4.:/5 (299 download)

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Book Synopsis ספר אוצרות הפסח by :

Download or read book ספר אוצרות הפסח written by and published by . This book was released on 1999 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt:

California Transmission Congestion Assessment

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ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis California Transmission Congestion Assessment by : Jim Dyer

Download or read book California Transmission Congestion Assessment written by Jim Dyer and published by . This book was released on 2007 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Spot Pricing of Electricity

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Publisher : Springer Science & Business Media
ISBN 13 : 1461316839
Total Pages : 362 pages
Book Rating : 4.4/5 (613 download)

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Book Synopsis Spot Pricing of Electricity by : Fred C. Schweppe

Download or read book Spot Pricing of Electricity written by Fred C. Schweppe and published by Springer Science & Business Media. This book was released on 2013-03-07 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a need for fundamental changes in the ways society views electric energy. Electric energy must be treated as a commodity which can be bought, sold, and traded, taking into account its time-and space-varying values and costs. This book presents a complete framework for the establishment of such an energy marketplace. The framework is based on the use of spot prices. In general terms: o An hourly spot price (in dollars per kilowatt hour) reflects the operating and capital costs of generating, transmitting and distributing electric energy. It varies each hour and from place to place. o The spot price based energy marketplace involves a variety of utility-customer transactions (ranging from hourly varying prices to long-term, multiple-year contracts), all of which are based in a consistent manner on hourly spot prices. These transactions may include customers selling to, as well as buying from, the utility. The basic theory and practical implementation issues associated with a spot price based energy marketplace have been developed and discussed through a number of different reports, theses, and papers. Each addresses only a part of the total picture, and often with a somewhat different notation and terminology (which has evolved in parallel with our growing experience). This book was xvii xviii Preface written to serve as a single, integrated sourcebook on the theory and imple mentation of a spot price based energy marketplace.

The Economics of Electricity Markets

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Publisher : Edward Elgar Publishing
ISBN 13 : 0857933965
Total Pages : 235 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis The Economics of Electricity Markets by : Clara Poletti

Download or read book The Economics of Electricity Markets written by Clara Poletti and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Electricity Markets provides a cutting-edge analysis of the critical issues involved in the design and operation of electricity markets, as well as an assessment of alternative institutional arrangements that have either been implemented or are under discussion in Europe and the US. The book illustrates how a sound market design can render electricity trading and retailing very much like that of other commodities. Social and political concerns, rather than engineering or economics, are what make electricity markets 'special'. The expert contributors address a wide set of issues that arise when competition is introduced to the electricity industry, ranging from the design of spot and real-time power markets to alternative approaches to congestion management, from competition policy in wholesale electricity markets to the benefits and costs of retail competition, and from regulatory measures to ensure generation capacity adequacy to the politicization of generation investment decisions as a way of pursuing sustainability targets. This highly informative book will appeal to academics, students and researchers in the field of advanced energy economics, and will prove essential reading for energy regulators, professionals and executives wishing to explore the theoretical foundations underpinning their day-to-day activities.

The Effect of the Transmission Grid on Market Power

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Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (684 download)

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Book Synopsis The Effect of the Transmission Grid on Market Power by :

Download or read book The Effect of the Transmission Grid on Market Power written by and published by . This book was released on 1997 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: If competition could extend without hindrance through the entire extent of an electrically connected power grid, the US would have just two electricity markets, each with a uniform price. These markets would be competitive indeed. Unfortunately, losses and congestion present barriers to competition and thereby provide the likelihood of significantly increased market power. This paper begins the analysis of congestion as it affects the physical extent of markets and thereby affects the degree of market power. This is new territory; very little has previously been written in this area. Although the theoretical developments reported here rely on complex economic analysis, and although the market behaviors described are extremely subtle, several broad generalizations relevant to policy analysis can be made. From these generalizations one major policy conclusion can be drawn: In an unregulated market it will be socially beneficial to build a grid that is more robust than what is optimal in a regulated environment. Unused capacity may be needed. For a line to support full competition it may need to have a capacity that is much greater than the flow that will take place on it under full competition. Markets do not have sharp boundaries. Even with only one line the two busses may be in different regions, the same region, or partially in each other's region. Increasing capacity is more effective on a small line. If connecting two busses with a very strong line will reduce market power, then the first MW of connecting capacity will have the most impact and each additional MW will have less. A congested line will cut a market into two non-competing regions. In each region the generators will markup according to the elasticity of the demand in only their region. A generator may reduce output in order to congest a line and increase its market power.

Economic Market Design and Planning for Electric Power Systems

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Publisher : John Wiley & Sons
ISBN 13 : 0470529156
Total Pages : 311 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis Economic Market Design and Planning for Electric Power Systems by : James A. Momoh

Download or read book Economic Market Design and Planning for Electric Power Systems written by James A. Momoh and published by John Wiley & Sons. This book was released on 2009-11-19 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover cutting-edge developments in electric power systems Stemming from cutting-edge research and education activities in the field of electric power systems, this book brings together the knowledge of a panel of experts in economics, the social sciences, and electric power systems. In ten concise and comprehensible chapters, the book provides unprecedented coverage of the operation, control, planning, and design of electric power systems. It also discusses: A framework for interdisciplinary research and education Modeling electricity markets Alternative economic criteria and proactive planning for transmission investment in deregulated power systems Payment cost minimization with demand bids and partial capacity cost compensations for day-ahead electricity auctions Dynamic oligopolistic competition in an electric power network and impacts of infrastructure disruptions Reliability in monopolies and duopolies Building an efficient, reliable, and sustainable power system Risk-based power system planning integrating social and economic direct and indirect costs Models for transmission expansion planning based on reconfiguration capacitor switching Next-generation optimization for electric power systems Most chapters end with a bibliography, closing remarks, conclusions, or future work. Economic Market Design and Planning for Electric Power Systems is an indispensable reference for policy-makers, executives and engineers of electric utilities, university faculty members, and graduate students and researchers in control theory, electric power systems, economics, and the social sciences.

Electricity Markets

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Publisher : John Wiley & Sons
ISBN 13 : 1119179378
Total Pages : 357 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis Electricity Markets by : Jeremy Lin

Download or read book Electricity Markets written by Jeremy Lin and published by John Wiley & Sons. This book was released on 2017-08-30 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive resource that provides the basic concepts of electric power systems, microeconomics, and optimization techniques Electricity Markets: Theories and Applications offers students and practitioners a clear understanding of the fundamental concepts of the economic theories, particularly microeconomic theories, as well as information on some advanced optimization methods of electricity markets. The authors—noted experts in the field—cover the basic drivers for the transformation of the electricity industry in both the United States and around the world and discuss the fundamentals of power system operation, electricity market design and structures, and electricity market operations. The text also explores advanced topics of power system operations and electricity market design and structure including zonal versus nodal pricing, market performance and market power issues, transmission pricing, and the emerging problems electricity markets face in smart grid and micro-grid environments. The authors also examine system planning under the context of electricity market regime. They explain the new ways to solve problems with the tremendous amount of economic data related to power systems that is now available. This important resource: Introduces fundamental economic concepts necessary to understand the operations and functions of electricity markets Presents basic characteristics of power systems and physical laws governing operation Includes mathematical optimization methods related to electricity markets and their applications to practical market clearing issues Electricity Markets: Theories and Applications is an authoritative text that explores the basic concepts of the economic theories and key information on advanced optimization methods of electricity markets.

Security of Supply in Electricity Markets

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Publisher : OECD
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Security of Supply in Electricity Markets by : Carlos Ocaña

Download or read book Security of Supply in Electricity Markets written by Carlos Ocaña and published by OECD. This book was released on 2002 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the impact of electricity market reform on investment in the power industry.

Game Theoretic Analysis of Congestion, Safety and Security

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Publisher : Springer
ISBN 13 : 3319130099
Total Pages : 316 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis Game Theoretic Analysis of Congestion, Safety and Security by : Kjell Hausken

Download or read book Game Theoretic Analysis of Congestion, Safety and Security written by Kjell Hausken and published by Springer. This book was released on 2014-12-31 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maximizing reader insights into the roles of intelligent agents in networks, air traffic and emergency departments, this volume focuses on congestion in systems where safety and security are at stake, devoting special attention to applying game theoretic analysis of congestion to: protocols in wired and wireless networks; power generation, air transportation and emergency department overcrowding. Reviewing exhaustively the key recent research into the interactions between game theory, excessive crowding, and safety and security elements, this book establishes a new research angle by illustrating linkages between the different research approaches and serves to lay the foundations for subsequent analysis. Congestion (excessive crowding) is defined in this work as all kinds of flows; e.g., road/sea/air traffic, people, data, information, water, electricity, and organisms. Analysing systems where congestion occurs – which may be in parallel, series, interlinked, or interdependent, with flows one way or both ways – this book puts forward new congestion models, breaking new ground by introducing game theory and safety/security into proceedings. Addressing the multiple actors who may hold different concerns regarding system reliability; e.g. one or several terrorists, a government, various local or regional government agencies, or others with stakes for or against system reliability, this book describes how governments and authorities may have the tools to handle congestion, but that these tools need to be improved whilst additionally ensuring safety and security against various threats. This game-theoretic analysis sets this two volume book apart from the current congestion literature and ensures that the work will be of use to postgraduates, researchers, 3rd/4th-year undergraduates, policy makers, and practitioners.

Transmission Congestion Management and Security Cost Optimization in Deregulated Electricity Markets

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (12 download)

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Book Synopsis Transmission Congestion Management and Security Cost Optimization in Deregulated Electricity Markets by : Jiawei Zhao

Download or read book Transmission Congestion Management and Security Cost Optimization in Deregulated Electricity Markets written by Jiawei Zhao and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: