Title :
Modeling the influence of power quality on the creation of market value
Author :
Arango, Hector ; De Abreu, Jose Policarpo Gonçalves ; Bonatto, Benedito Donizeti ; Tahan, Carlos Marcio Vieira ; Kagan, Nelson ; Gouvea, Marcos Roberto
Author_Institution :
UNIFEI, Itajuba Fed. Univ., Itajuba
fDate :
Sept. 28 2008-Oct. 1 2008
Abstract :
This paper deals with the modeling of electric markets whenever certain imperfections pollute the supplied electrical energy. These imperfections are described in terms of a lack in power quality, and must be quantitatively introduced in the model as an additional economic factor which influences the consumption of electrical energy and its market price. In the model of a commodity market, where electrical energy is an undifferentiated good, power quality - if it exists - is considered of no consequence on the economics of such market. This is not the case in practice: imperfections have indeed a notorious influence on the trade of electrical energy and their insertion in a market model is an urgent need. The model here proposed allows the analysis of such spurious conditions and to point out the optimum values to be attained either from the point of view of the utility or the public interest expressed across the incentive regulation of the market. Several examples illustrate the application of the model on the grounds of optimum investments and quality targets.
Keywords :
energy consumption; power markets; power supply quality; electric markets; electrical energy consumption; market price; power quality modelling; Distortion measurement; Electricity supply industry; Energy measurement; Finance; Government; Investments; Pollution; Power generation economics; Power quality; Power system economics; Economic Added Value; Electric Power Quality; Electricity Market Model; Optimized Tariffs; Power Economics; Power Regulation;
Conference_Titel :
Harmonics and Quality of Power, 2008. ICHQP 2008. 13th International Conference on
Conference_Location :
Wollongong, NSW
Print_ISBN :
978-1-4244-1771-1
Electronic_ISBN :
978-1-4244-1770-4
DOI :
10.1109/ICHQP.2008.4668782