Title :
Impact of Market Prices on the Economic Feasibility of Transmission Expansions
Author :
Toolson, Eric ; Sheffrin, Anjali
Abstract :
The economic viability of transmission expansion is a function of market prices throughout the impacted region. Various methods have been utilized to simulate market prices. This article summarizes an empirical approach developed by the California Independent System Operators (CAISO) using dynamic bids that change hourly based on system conditions and the relative influence of critical suppliers
Keywords :
power markets; power transmission economics; pricing; CAISO; California Independent System Operators; critical suppliers; economic feasibility; market prices; transmission expansions; Analytical models; Costs; Councils; Economic forecasting; ISO; Power generation economics; Predictive models; Production; Project management; Transmission lines;
Conference_Titel :
Transmission and Distribution Conference and Exhibition, 2005/2006 IEEE PES
Conference_Location :
Dallas, TX
Print_ISBN :
0-7803-9194-2
DOI :
10.1109/TDC.2006.1668712
