Title :
Trading electricity and ancillary services in the reformed England and Wales electricity market
Author_Institution :
Univ. of Manchester Inst. of Sci. & Technol., UK
fDate :
28 Jan-1 Feb 2001
Abstract :
The paper stresses the need for generating companies to apply sophisticated tools to support and develop bidding strategies and risk-management activities in the new UK deregulated utility environment. The paper also discusses the need for generating companies to understand and quantify the value of various energy and ancillary services products in order to optimally allocate their activities in a number of competing markets
Keywords :
electricity supply industry; power system economics; risk management; UK; ancillary services; bidding strategies; competing markets; deregulated utility environment; electricity trading; generating companies; reformed England and Wales electricity market; risk-management activities; Costs; Electricity supply industry; Energy consumption; Forward contracts; Power generation; Power markets; Pricing; Real time systems; Stress; Uncertainty;
Conference_Titel :
Power Engineering Society Winter Meeting, 2001. IEEE
Conference_Location :
Columbus, OH
Print_ISBN :
0-7803-6672-7
DOI :
10.1109/PESW.2001.916860
