• DocumentCode
    1542406
  • Title

    Beyond the Crystal Ball: Locational Marginal Price Forecasting and Predictive Operations in U.S. Power Markets

  • Author

    Sahni, Manoj ; Jones, Roy ; Yunzhi Cheng

  • Author_Institution
    PwrSolutions Inc., Dallas, TX, USA
  • Volume
    10
  • Issue
    4
  • fYear
    2012
  • Firstpage
    35
  • Lastpage
    42
  • Abstract
    Signs are emerging that north american power markets are moving toward commonality and maturity in their function, if not their operations. More than ten years after the Federal Energy Regulatory Commission (FERC) announced its Notice of Proposed Rulemaking (NOPR) on standard market design (SMD), major U.S. power markets now seem to have a basis on which to voluntarily provide similar pricing granularity and hedging capabilities to their participants.
  • Keywords
    load forecasting; power markets; pricing; FERC; Federal Energy Regulatory Commission; NOPR; SMD; U.S. power markets; hedging capabilities; locational marginal price forecasting; notice of proposed rulemaking; predictive operations; pricing granularity; standard market design; Data models; Electricity supply industry; Forecasting; Government policies; Power markets; Power system economics; Predictive models; Pricing; Real time systems;
  • fLanguage
    English
  • Journal_Title
    Power and Energy Magazine, IEEE
  • Publisher
    ieee
  • ISSN
    1540-7977
  • Type

    jour

  • DOI
    10.1109/MPE.2012.2196338
  • Filename
    6218849
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=1542406