New Short-Term-Operation-Reserve Services in the UK Electricity Market

Author

Matthews, Sam ; Kockar, Ivana

Author_Institution

Nat. Grid, London

fYear

2007

fDate

24-28 June 2007

Firstpage

1

Lastpage

7

Abstract

After a reserve review process and consultations with a regulator and interested market participants, national grid, which also has a role of the system operator in the UK electricity market, has decided to modify the procurement of reserve services. This means that the current Standing Reserve service arrangements will be replaced by new Short-Term Operating Reserve Tender. The implementation of these changes is planned for 1 April 2007. This paper outlines the old standing reserve services, introduces the new short-term operating reserve tender, and then investigates the reasons that have initiated these changes as well as the expected economic benefits.

Keywords

power grids; power markets; UK electricity market; market participants; national grid; short-term operating reserve tender; short-term-operation-reserve services; Distributed power generation; Electricity supply industry; Forward contracts; Helium; Power generation; Power generation economics; Power markets; Procurement; Regulators; Trade agreements; Short-Term Standing Reserve; Standing Reserve; System Operator; UK electricity market; ancillary services;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering Society General Meeting, 2007. IEEE

Conference_Location

Tampa, FL

ISSN

1932-5517

Print_ISBN

1-4244-1296-X

Electronic_ISBN

1932-5517

Type

conf

DOI

10.1109/PES.2007.385949

Filename

4275715