Contingent transmission rights in the standard market design

Author

O´Neill, Richard P. ; Helman, Udi ; Baldick, Ross ; Stewart, William R., Jr. ; Rothkopf, Michael H.

Author_Institution

Fed. Energy Regul. Comm., Washington, DC, USA

Volume

18

Issue

4

fYear

2003

Firstpage

1331

Lastpage

1337

Abstract

We define transmission rights that are compatible with the Federal Energy Regulatory Commission´s proposed standard market design (SMD) and that provide flexibility in the points of receipt or delivery of energy contracts. The contingent transmission rights introduced here provide a viable, flexible method for defining SMD-compatible rights for transmission customers having current (pre-SMD) transmission rights that cover multiple points. These contingent rights can be bought and sold in the transmission rights auctions under SMD.

Keywords

power markets; power system economics; power transmission; tariffs; Federal Energy Regulatory Commission; SMD-compatible rights; contingent transmission rights; electricity markets; energy contracts; standard market design; transmission customers; transmission rights auctions; Availability; Contracts; Costs; Electricity supply industry; Energy management; Financial management; Information management; Load flow; Management information systems; Pricing;

fLanguage

English

Journal_Title

Power Systems, IEEE Transactions on

Publisher

ieee

ISSN

0885-8950

Type

jour

DOI

10.1109/TPWRS.2003.818589

Filename

1245554