DocumentCode
2219249
Title
Reserve trading within power purchase agreements
Author
Proctor, R. ; Fox, B. ; Flynn, D.
Author_Institution
Sch. of Electr. & Electron. Eng., Queen´´s Univ., Belfast, UK
fYear
2000
fDate
2000
Firstpage
137
Lastpage
141
Abstract
Power purchase agreements pay for the provision of spinning reserve as an auxiliary service at an agreed rate. This paper presents a new payment method for reserve based on the marginal market cost of the reserve and the amount of reserve provided. It is shown that the mechanism provides generators with an incentive to operate reliably and to maintain a satisfactory dynamic response
Keywords
costing; dynamic response; electricity supply industry; power system economics; auxiliary service; dynamic response; marginal market cost; payment method; power purchase agreements; reliable operation; reserve trading; spinning reserve provision; Availability; Consumer electronics; Contracts; Costs; Fuels; Maintenance; Marketing and sales; Power engineering and energy; Power generation; Spinning;
fLanguage
English
Publisher
ieee
Conference_Titel
Electric Utility Deregulation and Restructuring and Power Technologies, 2000. Proceedings. DRPT 2000. International Conference on
Conference_Location
London
Print_ISBN
0-7803-5902-X
Type
conf
DOI
10.1109/DRPT.2000.855652
Filename
855652
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