Title :
Self-management of ATC by the marketplace
Author_Institution :
Tabors Caramanis & Associates, Cambridge, MA, USA
Abstract :
The commercial model for providing transmission service is rapidly evolving. In the future, rights to use scarce transmission resources will be self-allocated using economic information provided by market participants. Prerequisites for efficient self-management of ATC by the marketplace are a well-defined, simplified commercial model of the transmission grid and freely-tradable firm transmission rights. This paper describes modeling approximations which can reconcile commercial and operational needs, defines a model of firm transmission rights, and outlines a process for maximizing the commercial value of the transmission grid through decentralized self-management of transmission access.
Keywords :
electricity supply industry; power transmission economics; ATC self-management; available transfer capability; commercial model; commercial needs; decentralized self-management; economic information; freely-tradable firm transmission rights; market participants; marketplace; modeling approximations; operational needs; scarce transmission resource use rights; transmission access; transmission grid; transmission service provision; Centralized control; Costs; Electrical capacitance tomography; Energy management; Identity-based encryption; Power generation economics; Pricing; Reliability; Research and development; Security;
Conference_Titel :
Systems Sciences, 1999. HICSS-32. Proceedings of the 32nd Annual Hawaii International Conference on
Conference_Location :
Maui, HI, USA
Print_ISBN :
0-7695-0001-3
DOI :
10.1109/HICSS.1999.772871
