Title :
The invisible hand meets system reliability
Abstract :
Summary form only given. Market designed, implemented and managed correctly should be the first and best defense of system reliability. The key to maintaining reliable operations is adequately determining and reflecting in the dispatch programs and exposing users of the grid to pooled markets. This paper explains that markets and re-regulation should be improving reliability. It is needed to embrace standards and enforcement, but also facilitate forward-looking mechanisms to efficiently maintain and increase reliability.
Keywords :
power markets; power system reliability; power system security; standards; dispatch programs; enforcement; forward-looking mechanisms; markets; pooled markets; reliable operations; reregulation; standards; system reliability; Costs; Electricity supply industry; Maintenance; Power generation economics; Power system management; Power system reliability; Power system security; Reliability engineering; Standards organizations; Technological innovation;
Conference_Titel :
Power Engineering Society General Meeting, 2005. IEEE
Print_ISBN :
0-7803-9157-8
DOI :
10.1109/PES.2005.1489751
