DocumentCode
1536283
Title
Assignment of capability obligation to entities in competitive markets-the concept of reliability equity
Author
Rau, Narayan S.
Author_Institution
ISO New England Inc
Volume
14
Issue
3
fYear
1999
fDate
8/1/1999 12:00:00 AM
Firstpage
884
Lastpage
889
Abstract
Complying with FERC orders 888 and 889, electric utilities in the USA are setting up competitive markets for installed and operable capacity, energy, spinning and nonspinning reserve and automatic generation control. This paper addresses the issues of installed and operable capacity. The possibilities of combining the two markets using reliability as a yardstick is proposed. The proposed market is dynamic (hourly) in which participating entities carry capacity such that all systems have the same reliability
Keywords
electricity supply industry; power system economics; power system interconnection; power system reliability; FERC orders; USA; capability obligation assignment; competitive electricity markets; dynamic market; electric utilities; installed capacity; operable capacity; reliability equity concept; Automatic control; Automatic generation control; Availability; Power industry; Power markets; Power system analysis computing; Power system economics; Power system reliability; Security; Spinning;
fLanguage
English
Journal_Title
Power Systems, IEEE Transactions on
Publisher
ieee
ISSN
0885-8950
Type
jour
DOI
10.1109/59.780899
Filename
780899
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