Operational risks, bidding strategies and information policies in restructured power markets

Decision Support Systems

Volumn 24, Issue 3-4, 1999, Pages 175-182

  Ray, Dennis ^a   Cashman, Eileen ^b  

^a MSB Energy Associates   (United States)

^b JAMES MADISON UNIVERSITY   (United States)

Author keywords

Bidding policies; Electric reliability; Generation bidding; Generation competition; Information policies; Operational limits; Power markets; Risk

Indexed keywords

CONTRACTS; ENERGY POLICY; INDUSTRIAL ECONOMICS; MARKETING; RELIABILITY; RISK MANAGEMENT; STRATEGIC PLANNING;

BIDDING POLICIES; GENERATION COMPETITION; INFORMATION POLICIES; OPERATIONAL RISKS;

ELECTRIC INDUSTRY;

EID: 0032673812     PISSN: 01679236     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0167-9236(98)00081-5     Document Type: Article

References (19)

1. F. Alvarado, Y. Hu, D. Ray, R. Stevenson, E. Cashman, Engineering foundations for the determination of security costs, IEEE Transactions on Power Systems 6 (3) (1991) 1175-1182.
2. B.R. Barkovich, D.V. Hawk, Charting a New Course in California, IEEE Spectrum, July 26-31, 1996.
3. California Independent System Operator, Technical Information, http://www.caiso.com/iso/isolnk/scugir2.html, 1997.
4. E. Cashman, Real time pricing for small power producers, Masters Thesis, University of Wisconsin-Madison, 1990.
5. H.P. Chao, S. Peck, A market mechanisms of electric power transmission, Journal of Regulatory Economics 10 (1996) 25-60.
6. H. Glavitsch, F. Alvarado, Management of multiple congested conditions in unbundled operation of a power system, Proceedings of the 20th International Conference on Power Industry Computer Applications, May 11-16, 1997, pp. 374-380.
7. S. Greene, I. Dobson, F. Alvarado, Sensitivity of the loading margin to voltage collapse with respect to arbitrary parameters, IEEE Transaction on Power Systems 12 (1) (1997) 262-272.
8. A. Henney, S. Crisp, Lessons for the U.S.? Transmission pricing, constraints and gaming in England and Wales, The Electricity Journal 10 (1) (1997) 17-23.
9. W.W. Hogan, Contract networks for electric power transmission, Journal of Regulatory Economics 4 (1992) 211-242.
10. S.S. Oren, Economic inefficiency of passive transmission rights in congested electricity systems with competitive generation, The Energy Journal 18 (1) (1997) 63-83.
11. T. Overbye, P. Sauer, G. Gross, M. Laufenberg, J. Weber, A simulation tool for analysis of alternative paradigms for the new electricity business, Hawaii International Conference on System Sciences, January 1997.
12. Power Pool of Alberta, Participants Manual, http:// www.powerpool.ab.ca/reports/, 1997.
13. D.J. Ray, Electric Power Industry Restructuring in Australia: Lessons from Down-Under, The National Regulatory Research Institute, Occasional Paper #20, Jan. 1997.
14. H. Rudnick, R. Varela, W. Hogan, Evaluation of alternatives for power system coordination and pooling in a competitive environment, IEEE Transactions on Power Systems 12 (2) (1997) 605-613.
15. R.D. Tabors, Lessons from the UK and Norway, IEEE Spectrum, August 1996, 45-49.
16. R.J. Thomas, T.R. Schneider, Underlying technical issues in electricity deregulation, Hawaii International Conference on System Sciences, January 1997.
17. R. Wang, R. Lasseter, Re-dispatching generation to increase power system security margin and support lower voltage bus, Working Paper, Power Systems Engineering Research Consortium Web Site, http://www.pserc.wisc.edu/pubs/.
18. F. Wu, P. Varaiya, Coordinated multilateral trades for electric power networks: theory and implementation, Report PWP-031, University of California Energy Institute, June 1995.
19. R. Zimmerman, R. Thomas, D. Gan, C. Murillo-Sanchez, An Internet-based platform for testing generation scheduling auctions, Hawaii International Conference on System Sciences, January 1998.