Market participants gain energy trading tools

Author

Slutsker, I. ; Nodehi, K. ; Mokhtari, S. ; Burns, K. ; Szymanski, D. ; Clapp, P.

Author_Institution

Open Access Technol. Int. Inc., MN, USA

Volume

11

Issue

2

fYear

1998

fDate

4/1/1998 12:00:00 AM

Firstpage

47

Lastpage

52

Abstract

True deregulation of the utility industry can not happen without the creation of vibrant energy trading markets that allow buyers and sellers of energy to freely engage in trading activities over a wide range of energy sources, products, and geographies. The creation of such markets is being impeded by the absence of adequate trading tools. Unfortunately, the trading facilities from other industries (such as the stock and commodity trading) can not be easily applied to power markets, due to peculiar technical characteristics of energy trading. Development of sophisticated energy trading tools is of paramount importance to the electric power industry. This article features an energy trading system (Open Access Same-Time Information Systems) developed by Open Access Technology, International, Inc. (OATI) and deployed in the Mid-Continent Area Power Pool (MAPP) region in January 1997

Keywords

electricity supply industry; power engineering computing; Mid-Continent Area Power Pool; Open Access Same-Time Information Systems; Open Access Technology International; electricity industry; energy sources; energy trading markets; energy trading tools; utility industry deregulation; Availability; Costs; Data security; Information systems; Internet; Load forecasting; Monopoly; Protection; Software maintenance; Subscriptions;

fLanguage

English

Journal_Title

Computer Applications in Power, IEEE

Publisher

ieee

ISSN

0895-0156

Type

jour

DOI

10.1109/67.659627

Filename

659627