The Value of Technical Information in the Unbundled Electric Market

For many years, the electric power industry treated electricity as a unique commodity sold to costumers. Nowadays, the new electricity industry has identified several key ancillary services. Under this new scenario, the producer´s primary goal is the selection of services in which to participate via assessing the potential profits as part of the decision-making. Purchasing additional information can help reduce uncertainty and identify the optimum market scenarios. However, it will require market participants to analyze both perfect and imperfect information. The price that the decision maker may be willing to pay to resolve an uncertainty depends on the value of the information. This paper will investigate the identification and value of technical system information available for purchase from system operators.