Title :
Alternative valuation objectives for transmission investment in deregulated electricity markets
Author :
Oren, Shmuel S. ; Sauma, Enzo
Author_Institution :
Univ. of California at Berkeley, Berkeley
Abstract :
Summary form only given. In a centralized market social welfare is the desired goal for investment and optimizing this objective will result in Pareto efficiency, assuming ";adequate and costless"; transfers among market participants. However, this principle is not always true in deregulated electricity systems, where such transfers are not always feasible due to jurisdictional constraints and market structure and even when attempted they are subject to many imperfections.
Keywords :
electricity supply industry deregulation; investment; power transmission economics; Pareto efficiency; deregulated electricity markets; jurisdictional constraints; market structure; network expansion policy; optimization objectives; transmission investment; Cost accounting; Electricity supply industry; Electricity supply industry deregulation; Industrial power systems; Investments; Pareto optimization; Power engineering and energy; Power system reliability; Production; Reliability engineering;
Conference_Titel :
Power Tech, 2005 IEEE Russia
Conference_Location :
St. Petersburg
Print_ISBN :
978-5-93208-034-4
Electronic_ISBN :
978-5-93208-034-4
DOI :
10.1109/PTC.2005.4524802
