Assessing reliability as the electric power industry restructures

Electricity Journal

Volumn 14, Issue 2, 2001, Pages 55-67

  Ilić, Marija D ^a   Arce, José R ^b,c   Yoon, Yong T ^c   Fumagalli, Elena M ^d,e  

^a Department of Electrical Engineering and Computer Science   (United States)

^b UNIVERSIDAD NACIONAL DE SAN JUAN   (Argentina)

^c MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

^d UNIVERSITY OF PADOVA   (Italy)

^e MIT Energy Lab

Author keywords

[No Author keywords available]

Indexed keywords

ELECTRIC INDUSTRY; QUALITY OF SERVICE;

'CURRENT; ELECTRIC POWER INDUSTRIES; QUALITY-OF-SERVICE; RELATED PRODUCTS; RELIABILITY ASSESSMENTS;

RELIABILITY;

EID: 0003353228     PISSN: 10406190     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1040-6190(01)00170-1     Document Type: Article

References (11)

1. For this, see M. Ilić, P. Skantze, C.N. Yu, L. Fink, and J. Cardell, Power Exchange for frequency Control (PXFC), IEEE POWER ENGINEERING SOCIETY 1999 WINTER MEETING, Vol. 2, 1999, at 809-19.
2. A detailed treatment of planning for reliability is given in M. Ilić, K. Collison, and Y. Yoon, Development of Recommendations for the Collection of Information Describing Reliability of the Electric Power Industry during its Transition into a Competitive Market that Includes Regulated Transmission Operations and other Service Relationships, interim report to the Energy Information Administration, July 2000.
3. See also M. Ilić, J. Arce, and Y. Yoon, Reliability Revisited, MIT Energy Laboratory Technical Report EL 00-003, Aug. 2000.
4. For a more complex treatment of system constraints, see M. ILIĆ AND J. ZABORSZKY, DYNAMICS AND CONTROL OF LARGE ELECTRIC POWER SYSTEMS (NEW YORK: WILEY & SONS, 2000), ch. 13 and 14.
5. These can be accessed at the North American Electric Reliability Council's Web site, http://www.nerc.com.
6. H. Chao and R. Wilson, Multi-Dimensional Procurement Auctions for Power Reserves: Incentive-Compatible Evaluation and Settlement Rules, Oct. 1999 (draft).
7. A complete mathematical formulation of this is presented in M. Ilić, J. Arce, and Y. Yoon, Reliability Revisited, supra note 1.
8. M. Ilić, What Is System Reliability and Who Pays for It in the New Industry? ENERGIA (Bologna, Italy), Sept. 1998 (Available in English as MIT Energy Laboratory Working Paper EL 96004, June 1996).
9. See THE US POWER MARKET-RESTRUCTURING AND RISK MANAGEMENT (London, Risk Publications, 1997); and P. Skantze and J. Chapman, Price Dynamics in the Deregulated California Energy Market, IEEE POWER ENGINEERING SOCIETY 1999 WINTER MEETING, Vol. 1, 1999, at 287-93.
10. Y. Yoon and M. Ilić, Transmission Expansion in the New Environment, in POWER SYSTEM RESTRUCTURING AND DEREGULATION: TRADING, PERFORMANCE AND INFORMATION TECHNOLOGY (L. Lai, ed. New York: Wiley & Sons, 2000), ch. 5.
11. Y. Yoon, Electric Power Network Economics: Designing Principles for For-Profit Independent Transmission Companies and Underlying Architecture for Reliability, Ph.D. thesis, Cambridge, Massachusetts Institute of Technology, Mar. 2001.