Title :
New Short-Term-Operation-Reserve Services in the UK Electricity Market
Author :
Matthews, Sam ; Kockar, Ivana
Author_Institution :
Nat. Grid, London
Abstract :
After a reserve review process and consultations with a regulator and interested market participants, national grid, which also has a role of the system operator in the UK electricity market, has decided to modify the procurement of reserve services. This means that the current Standing Reserve service arrangements will be replaced by new Short-Term Operating Reserve Tender. The implementation of these changes is planned for 1 April 2007. This paper outlines the old standing reserve services, introduces the new short-term operating reserve tender, and then investigates the reasons that have initiated these changes as well as the expected economic benefits.
Keywords :
power grids; power markets; UK electricity market; market participants; national grid; short-term operating reserve tender; short-term-operation-reserve services; Distributed power generation; Electricity supply industry; Forward contracts; Helium; Power generation; Power generation economics; Power markets; Procurement; Regulators; Trade agreements; Short-Term Standing Reserve; Standing Reserve; System Operator; UK electricity market; ancillary services;
Conference_Titel :
Power Engineering Society General Meeting, 2007. IEEE
Conference_Location :
Tampa, FL
Print_ISBN :
1-4244-1296-X
Electronic_ISBN :
1932-5517
DOI :
10.1109/PES.2007.385949
