DocumentCode
3044959
Title
Trading electricity and ancillary services in the reformed England and Wales electricity market
Author
Strbac, Goran
Author_Institution
Univ. of Manchester Inst. of Sci. & Technol., UK
Volume
1
fYear
2001
fDate
28 Jan-1 Feb 2001
Firstpage
41
Abstract
The paper stresses the need for generating companies to apply sophisticated tools to support and develop bidding strategies and risk-management activities in the new UK deregulated utility environment. The paper also discusses the need for generating companies to understand and quantify the value of various energy and ancillary services products in order to optimally allocate their activities in a number of competing markets
Keywords
electricity supply industry; power system economics; risk management; UK; ancillary services; bidding strategies; competing markets; deregulated utility environment; electricity trading; generating companies; reformed England and Wales electricity market; risk-management activities; Costs; Electricity supply industry; Energy consumption; Forward contracts; Power generation; Power markets; Pricing; Real time systems; Stress; Uncertainty;
fLanguage
English
Publisher
ieee
Conference_Titel
Power Engineering Society Winter Meeting, 2001. IEEE
Conference_Location
Columbus, OH
Print_ISBN
0-7803-6672-7
Type
conf
DOI
10.1109/PESW.2001.916860
Filename
916860
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