DocumentCode
1354084
Title
Option pricing of spinning reserve in a deregulated electricity market
Author
Rashidinejad, M. ; Song, Y.H. ; Javidi, M.H.
Author_Institution
Inst. of Power Syst., Brunel Univ., Uxbridge, UK
Volume
20
Issue
7
fYear
2000
fDate
7/1/2000 12:00:00 AM
Firstpage
39
Lastpage
40
Abstract
The new environment of deregulated electricity markets presents new challenges to the risk management of power systems. This letter reports on the development of an option market for spinning reserve when considering power system security and reliability constraints. The authors propose a three-phase computational method to derive the call option price and put option price for spinning reserve
Keywords
costing; electricity supply industry; power system economics; power system reliability; power system security; risk management; tariffs; call option price; deregulated electricity market; option market; power system reliability constraints; power system security constraints; power systems; risk management; spinning reserve option pricing; three-phase computational method; Costs; Electricity supply industry; Electricity supply industry deregulation; ISO; Large Hadron Collider; Pricing; Procurement; Real time systems; Spinning; Strontium;
fLanguage
English
Journal_Title
Power Engineering Review, IEEE
Publisher
ieee
ISSN
0272-1724
Type
jour
DOI
10.1109/39.850432
Filename
850432
Link To Document