Title :
Reserve trading within power purchase agreements
Author :
Proctor, R. ; Fox, B. ; Flynn, D.
Author_Institution :
Sch. of Electr. & Electron. Eng., Queen´´s Univ., Belfast, UK
Abstract :
Power purchase agreements pay for the provision of spinning reserve as an auxiliary service at an agreed rate. This paper presents a new payment method for reserve based on the marginal market cost of the reserve and the amount of reserve provided. It is shown that the mechanism provides generators with an incentive to operate reliably and to maintain a satisfactory dynamic response
Keywords :
costing; dynamic response; electricity supply industry; power system economics; auxiliary service; dynamic response; marginal market cost; payment method; power purchase agreements; reliable operation; reserve trading; spinning reserve provision; Availability; Consumer electronics; Contracts; Costs; Fuels; Maintenance; Marketing and sales; Power engineering and energy; Power generation; Spinning;
Conference_Titel :
Electric Utility Deregulation and Restructuring and Power Technologies, 2000. Proceedings. DRPT 2000. International Conference on
Conference_Location :
London
Print_ISBN :
0-7803-5902-X
DOI :
10.1109/DRPT.2000.855652
