Market-based transmission: property rights meet Kirchhoff

Author

Baldick, Ross

Author_Institution

Dept. of Electr. & Comput. Eng., Texas Univ., Austin, TX, USA

Volume

3

fYear

2003

fDate

7-12 Sept. 2003

Firstpage

1037

Abstract

Traditional property rights paradigms in electric transmission in North America such as "contract path" and zonal approaches fail to match the physics of Kirchoffs laws. While this drawback was workable prior to open access, the advent of multiple wheeling transactions and wheeling for nonutilities, among other issues, has led several jurisdictions to institute paradigms for financial rights that better match the physics. These paradigms and extensions of them may also allow for merchant transmission. We discuss the relationship of a transmission rights mechanism described in the literature to sensitivity-based models for transmission expansion.

Keywords

financial management; power markets; power transmission economics; power transmission planning; Kirchoffs law; North America; contract path; financial rights; market-based transmission; multiple wheeling transaction; nonutilities wheeling; sensitivity-based model; transmission expansion; transmission rights; zonal approach; Admittance; Contracts; Electric variables; Investments; Lightning; North America; Physics; Power transmission lines; Process planning; Proposals;

fLanguage

English

Publisher

ieee

Conference_Titel

Transmission and Distribution Conference and Exposition, 2003 IEEE PES

Print_ISBN

0-7803-8110-6

Type

conf

DOI

10.1109/TDC.2003.1335086

Filename

1335086