Title :
The effect of capacity gaming on the cost of system reliability
Author :
McGillis, Donald ; Fichtenbaum, Ian ; Michailuk, Markian ; Galiana, Francisco
Author_Institution :
Dept. of Electr. & Comput. Eng., McGill Univ., Montreal, Que., Canada
Abstract :
The effect of capacity gaming on the cost of system reliability is investigated. For this purpose, the concept of an adjusted forced outage rate for de-ratings to represent capacity gaming is introduced. Through this new concept, the increased cost of supplying load and of spinning reserve due to capacity gaming can be estimated. In addition, the lost opportunities to those who are gaming will become evident. A simple but compelling example of a three-generator system demonstrates clearly these effects. In a sense, gaming is more a moral problem than a technical one since the net benefit to the consumer or producer from this exercise is questionable.
Keywords :
electricity supply industry deregulation; game theory; power system economics; adjusted forced outage rate; capacity gaming; de-ratings; deregulated electricity industry; spinning reserve; system reliability cost; three-generator system; Costs; Electricity supply industry deregulation; Ethics; Job shop scheduling; Markov processes; Power generation; Power system reliability; Power system security; Spinning;
Conference_Titel :
Electrical and Computer Engineering, 2004. Canadian Conference on
Print_ISBN :
0-7803-8253-6
DOI :
10.1109/CCECE.2004.1345264
