DocumentCode
466372
Title
Experience with Operating the Ancillary-Service Markets in ERCOT
Author
Li, Yonggang ; Jiang, John N.
Author_Institution
Potomac Econ., Austin, TX
fYear
2007
fDate
24-28 June 2007
Firstpage
1
Lastpage
6
Abstract
Ancillary Services procurement and deployment are critical operations for maintaining the adequacy and security of power system. Electric Reliability Council of Texas (ERCOT) operates one of the largest independent power systems in the United States. This article presents the structure and experiences of the current ERCOT ancillary service market after five-year evolution. First, we summarize the fundamental framework of ancillary service procurement at ERCOT including types of services, submitting schedule, market clearing process, settlement. Secondly, we show the historical performance of the operation and the market at ERCOT. Thirdly, we compare the current ERCOT market, some market improvement proposal and a nodal structure possibly to be implemented in the future.
Keywords
power markets; power system reliability; power system security; Electric Reliability Council of Texas; ancillary-service markets; market clearing process; power system security; Councils; Energy management; Maintenance; Power generation; Power markets; Power system management; Power system reliability; Power system security; Procurement; Switches; Ancillary Service; Power Market; Reliability;
fLanguage
English
Publisher
ieee
Conference_Titel
Power Engineering Society General Meeting, 2007. IEEE
Conference_Location
Tampa, FL
ISSN
1932-5517
Print_ISBN
1-4244-1296-X
Electronic_ISBN
1932-5517
Type
conf
DOI
10.1109/PES.2007.386236
Filename
4276002
Link To Document