DocumentCode
1222187
Title
Dispatchable transmission in RTO markets
Author
O´Neill, Richard P. ; Baldick, Ross ; Helman, Udi ; Rothkopf, Michael H. ; Stewart, William, Jr.
Author_Institution
Office of Markets, Tariffs & Rates, Fed. Energy Regul. Comm., Washington, DC, USA
Volume
20
Issue
1
fYear
2005
Firstpage
171
Lastpage
179
Abstract
We consider transmission owners that bid capacity, under appropriate Regional Transmission Organization (RTO) market rules, at a positive price into forward and spot (dispatch) auctions to derive congestion revenues. This can encompass daily, monthly, or multimonthly auctions, allowing for commitment of transmission to reflect market needs in different time periods, e.g., seasons. We provide two and three node examples and a general formulation of the auction model.
Keywords
power markets; power transmission economics; RTO market; dispatchable transmission; regional transmission organization market; spot auction; transmission commitment; Australia; Control systems; Electricity supply industry; Forward contracts; ISO; Information management; Investments; Power transmission lines; Pricing; Proposals;
fLanguage
English
Journal_Title
Power Systems, IEEE Transactions on
Publisher
ieee
ISSN
0885-8950
Type
jour
DOI
10.1109/TPWRS.2004.841168
Filename
1388507
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