GenCos´ participation in the unbundled energy market

Author

Gutiérrez-Alcaraz, Guillermo ; Sheblé, Gerald B.

Author_Institution

Dept. of Electr. Eng. & Comput. Eng., Iowa State Univ., Ames, IA, USA

fYear

2004

fDate

10-13 Oct. 2004

Firstpage

966

Abstract

In this document we analyze market producers´ participation in the new unbundled energy market. The electricity market is in the process of unbundling the ancillary services. In a fully unbundled electricity market more extensive analysis needs to be performed given that market participation is not restricted to electricity production. Ancillary services were bundled within the integrated generation and transmission services in the vertical integrated industry. Instead of being bundled with generation and transmission, the individual services are now uniquely identified in the competitive markets. In this new market environment, the decision making process can be seen as an activity analysis problem. Market participants will need to determine the most probable and profitable future market actions based on the last known market data and market projection.

Keywords

decision making; power generation scheduling; power markets; transmission networks; activity analysis problem; ancillary service; competitive market; decision making process; electricity market; integrated generation-transmission service; market producer participation; unbundled energy market; Contracts; Costs; Decision making; Electricity supply industry; Environmental economics; Fuel economy; Performance analysis; Power generation economics; Production; Uncertainty;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Systems Conference and Exposition, 2004. IEEE PES

Print_ISBN

0-7803-8718-X

Type

conf

DOI

10.1109/PSCE.2004.1397697

Filename

1397697