Title :
Integrate operational practices with the New England locational capacity market designs
Author :
Litvinov, Eugene ; Yang, Jian
Author_Institution :
ISO New England Inc., UK
Abstract :
This paper describes the changes proposed by ISO New England Inc. (ISO-NE) to the designs of LICAP (locational installed capacity) and LFR (locational forward reserve) market. The proposed changes would incorporate operating/planning procedures in the market design to make it significantly less complicated and allow the marketplace to scrutinize the operating practices and question the reliability standards and their economic impact.
Keywords :
power markets; power system economics; power system planning; power system reliability; ISO New England Inc; New England locational capacity market designs; locational forward reserve market; locational installed capacity; planning procedures; reliability standards; Concrete; Electricity supply industry; Forward contracts; ISO standards; Power generation economics; Power system reliability; Pricing; Security; Software systems; Spinning;
Conference_Titel :
Power Engineering Society General Meeting, 2005. IEEE
Print_ISBN :
0-7803-9157-8
DOI :
10.1109/PES.2005.1489470
