DocumentCode :
1983027
Title :
A functional solution for volatile markets
Author :
Uggerud, Ward
Author_Institution :
Otter Tail Power Co., Fergus Falls, MN, USA
Volume :
1
fYear :
2001
fDate :
15-19 July 2001
Firstpage :
395
Abstract :
Retail customers in at least 24 US States are, or soon will be eligible to choose alternative electricity suppliers, according to the Energy Information Administration. Yet whether or not "choice" is meaningful depends in large part on who writes the rules. In too many jurisdictions, customer choice will be quite limited, not unlike what Henry Ford offered for the Model T: "Choose any color, as long as it\´s black." It doesn\´t have to be this way. We believe customers should have the same "choice" that utilities have in today\´s wholesale markets: the choice to use several supply sources concurrently. That choice can help customers maximize efficiency and reliability in meeting their unique load profiles. This "real" choice remains crucial to the success of competitive markets. In addition to multiple, concurrent suppliers, we believe that meaningful choice should include the opportunity for robust demand-side involvement and competitive markets in ancillary services (functions provided to ensure reliable operation of the electrical network).
Keywords :
electricity supply industry; power system economics; Energy Information Administration; alternative electricity suppliers; ancillary services; competitive markets; concurrent suppliers; costs allocation; customer choice; efficiency maximisation; reliability maximisation; retail customers; robust demand-side involvement; volatile electricity markets; wholesale electricity markets; Costs; Energy management; Job shop scheduling; Meter reading; Monopoly; Power supplies; Rails; Robustness; Switches; Tail;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Power Engineering Society Summer Meeting, 2001
Conference_Location :
Vancouver, BC, Canada
Print_ISBN :
0-7803-7173-9
Type :
conf
DOI :
10.1109/PESS.2001.970050
Filename :
970050
Link To Document :
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