Title :
Bidding mechanisms for realizing hydro efficiencies in market operations
Author :
Borichevsky, Greg
Abstract :
Summary form only given. Electricity markets are challenged by how markets and rules can be structured to accommodate the efficiency objectives of hydroelectric power generation while avoiding opportunities for abuse and gaming. This paper reviews how electricity markets have been structured to achieve both objectives (optimization of hydro resources and optimal market scheduling and dispatch) while preserving reliability and security, and controlling opportunities for abuse and gaming.
Keywords :
hydroelectric power; hydroelectric power stations; power generation economics; power generation planning; power generation scheduling; power markets; abuse; bidding mechanisms; electricity markets; gaming; hydro resources; hydroelectric power generation; optimal market dispatch; optimal market scheduling; reliability; security; Electricity supply industry; Hydroelectric power generation; Optimal control; Power generation; Scheduling; Security;
Conference_Titel :
Power Engineering Society Summer Meeting, 2002 IEEE
Conference_Location :
Chicago, IL, USA
Print_ISBN :
0-7803-7518-1
DOI :
10.1109/PESS.2002.1043573
