ERCOT electricity market: Transition from zonal to nodal market operation

Author

Daneshi, H. ; Srivastava, A.K.

Author_Institution

Southern California Edison, Rosemead, CA, USA

fYear

2011

Firstpage

1

Lastpage

7

Abstract

Competitive electricity market has been of interest for more than a decade, with every electricity market presenting its own unique characteristics and features. The Electric Reliability Council of Texas (ERCOT) is one of the eight independent system operators (ISO) in North America which is currently structured as a zonal model. ERCOT is planning to introduce some changes in market design and transitioning into the nodal market operation. Originally scheduled for October 2006, implementation has been deferred to December 2010. This paper discusses some operational challenges in ERCOT, the ongoing discussions of market redesign, and the current status of the evolution of the ERCOT market.

Keywords

power markets; ERCOT electricity market; market operation; zonal model; Electricity; Electricity supply industry; Portfolios; Real time systems; Reliability; Renewable energy resources; Wind energy; ERCOT; Electric Reliability Council of Texas; ISO; deregulation; independent system operator; nodal market; restructured electricity market; zonal market;

fLanguage

English

Publisher

ieee

Conference_Titel

Power and Energy Society General Meeting, 2011 IEEE

Conference_Location

San Diego, CA

ISSN

1944-9925

Print_ISBN

978-1-4577-1000-1

Electronic_ISBN

1944-9925

Type

conf

DOI

10.1109/PES.2011.6039830

Filename

6039830