Framework for the Design and Analysis of Congestion Revenue Rights

IEEE Transactions on Power Systems

Volumn 19, Issue 1, 2004, Pages 243-251

  Liu, Minghai ^a   Gross, George ^a  

^a UNIVERSITY OF ILLINOIS AT URBANA CHAMPAIGN   (United States)

Author keywords

Congestion management; Congestion revenue rights; Fixed firm financial transmission rights; Locational marginal prices; Standard market design; Transmission congestion contracts

Indexed keywords

CUSTOMER SATISFACTION; DATA REDUCTION; DECISION MAKING; ELECTRIC POWER SYSTEMS; ENERGY POLICY; INDUSTRIAL ECONOMICS; SCHEDULING;

CONGESTION MANAGEMENT; STANDARD MARKET DESIGN;

ELECTRIC POWER TRANSMISSION;

EID: 1442339027     PISSN: 08858950     EISSN: None     Source Type: Journal    
DOI: 10.1109/TPWRS.2003.821435     Document Type: Article

References (18)

1. E. Bompard, P. Correia, G. Gross, and M. Amelin, "Congestion-management schemes: a comparative analysis under a unified framework," IEEE Trans. Power Syst., vol. 18, pp. 346-352, Feb. 2003.
2. H. Singh, H. Shangyou, and A. Papalexopoulos, "Transmission congestion management in competitive electricity markets," IEEE Trans. Power Syst., vol. 13, pp. 672-680, May 1998.
3. North American Electric Reliability Council. Appendix 9C - Transmission Loading Relief Procedure. [Online]http://www.nerc.com
4. United States of America Federal Energy Regulatory Commission. Remedying Undue Discrimination Through Open Access Transmission Service and Standard Electricity Market Design. [Online]http://www.ferc.gov/Electric/RTO/Mrkt-Strct-comments/nopr/Web-NOPR.pdf
5. R. J. Rendleman Jr., Applied Derivatives: Options, Futures, and Swaps. Oxford, U.K.: Blackwell, 2002, pp. 155-207.
6. W. Hogan, "Contract Networks for Electric Power Transmission," J. Reg. Econ., vol. 4, pp. 211-242, 1992.
7. PJM Interconnection L.L.C.. PJM Manual for Fixed Transmission Rights. [Online]http://pubs.pjm.com/dynaweb/PJMpubp/m06
8. H. Chao, S. Peck, S. Oren, and R. Wilson, "Flow-based transmission rights and congestion management," Elect. J., pp. 38-58, Oct. 2000.
9. P. L. Joskow and J.Jean Tirole, "Transmission rights and market power on electric power networks," RAND J. Econ., vol. 31, no. 3, pp. 450-487, 2000.
10. S. Oren, P. Spiller, P. Varaiya, and F. F. Wu, "Nodal prices and transmission rights: a critical appraisal," Electricity J., vol. 8, pp. 24-35, 1995.
11. L. E. Ruff, "Flowgates, contingency-constrained dispatch, and transmission rights," Electricity J., vol. 14, no. 1, pp. 34-55, Jan./Feb. 2001.
12. R. P. O'Neill, U. Helman, B. F. Hobbs, W. R. Stewart, and M. H. Rothkopf, A Joint Energy and Transmission Rights Auction: Proposal and Properties, Federal Energy Regulatory Commission, Feb. 2002.
13. J. Bushnell, "Transmission rights and market power," Electricity J., vol. 12, pp. 77-85, 1999.
14. New York ISO. Centralized Transmission Congestion Contract (TCC) Auction Manual. [Online]http://www.nyiso.com/services/documents/tie/pdf/tccrev7.pdf
15. A. Wood and B. Wollenberg, Power Generation Operation and Control, 2nd ed. New York: Wiley, pp. 105-108.
16. M. Liu and G. Gross, "Effectiveness of the distribution factor approximations used in congestion modeling," in Proc. 14th Power Syst. Comput. Conf., Seville, Spain, June 24-28, 2002.
17. D. G. Luenberger, Linear and Nonlinear Programming, 2nd ed. Reading, MA: Addison-Wesley, 1984, pp. 314-315.
18. P. Nitu, G. Gross, R. Entriken, G. Anders, and E. Janossy, "Risk assessment and financial management tutorial," in IEEE Power Eng. Soc. Summer Meeting, 2002.