Priced based operation in an auction market structure

Open transmission access is a new legal requirement within the electric power industry. Interchange will require evaluation of the existing conditions to determine if the product can be delivered at the time required and at the level awarded through the bidding or negotiation process. This paper see...

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Bibliographic Details
Published in:IEEE transactions on power systems 1996-11, Vol.11 (4), p.1770-1777
Main Author: Sheble, G.B.
Format: Article
Language:English
Subjects:
Applied sciences
Companies
Contracts
Costs
Economic data
Electric energy
Electrical products industry
Energy
Energy economics
Exact sciences and technology
General, economic and professional studies
Law
Legal factors
Monopoly
Power industry
Power markets
Senior members
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Description
Summary:Open transmission access is a new legal requirement within the electric power industry. Interchange will require evaluation of the existing conditions to determine if the product can be delivered at the time required and at the level awarded through the bidding or negotiation process. This paper seeks to identify the likely deregulation details for a full market implementation when native load is considered equal to any other third party load (comparability). This paper seeks to identify the technical issues, such as standards and algorithms, necessary for changing the national infrastructure from a vertically integrated industry to a horizontally integrated industry.
ISSN:0885-8950
1558-0679
DOI:10.1109/59.544641