National Library of Energy BETA

Sample records for wholesale electricity market

  1. Understanding Competitive Pricing and Market Power in Wholesale Electricity Markets

    E-Print Network [OSTI]

    Borenstein, Severin

    1999-01-01

    Power in Wholesale Electricity Markets Severin Borensteincompetition, electricity markets Abstract: Discussions ofin restructured electricity markets have revealed many

  2. Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, Jim; Wolak, Frank A.

    2002-01-01

    nia's Wholesale Electricity Market During Summer 2000: The2002). \\The Trouble with Electricity Markets: Understandingin California's Electricity Market." Journal of Industrial

  3. Predicting market power in wholesale electricity markets

    E-Print Network [OSTI]

    Newbery, David

    of retailers to secure their supplies ahead of time when the spot market or power exchange is only a relatively thin residual market. 2.1 The Residual Supply Index Given the apparent potential to raise prices above the competitive level, electricity wholesale... wholesale markets operate either as pools or power exchanges, in which genera- tors submit o¤ers to supply varying amounts at successively higher prices, and the demand side speci?es the level of demand it would take at successively lower prices.6...

  4. Measuring Unilateral Market Power in Wholesale Electricity Markets: The California Market 1998 - 2000

    E-Print Network [OSTI]

    Wolak, Frank

    2003-01-01

    Wholesale Electricity Market,” American Economic Review,in a Competitive Electricity Market,” International Economica Competitive Electricity Market,” January 2001, available

  5. The Implementation of California AB 32 and its Impact on Wholesale Electricity Markets

    E-Print Network [OSTI]

    Bushnell, Jim B

    2007-01-01

    its Impact on Wholesale Electricity Markets James Bushnellits Impact on Wholesale Electricity Markets James Bushnell *that the California electricity market is highly integrated

  6. REVIEW OF MAE RULES FOR THE BRAZILIAN WHOLESALE ELECTRICITY MARKET

    E-Print Network [OSTI]

    Oren, Shmuel S.

    REVIEW OF MAE RULES FOR THE BRAZILIAN WHOLESALE ELECTRICITY MARKET Prepared by Shmuel S. Oren, Ph MAE rules for the Brazilian wholesale electricity market as described in the document distributed for ANEEL, The Brazilian Electricity Regulatory Agency under project BRA/98/019 United Nations Development

  7. The Implementation of California AB 32 and its Impact on Wholesale Electricity Markets

    E-Print Network [OSTI]

    Bushnell, Jim B

    2007-01-01

    its Impact on Wholesale Electricity Markets James Bushnellits Impact on Wholesale Electricity Markets James Bushnell *gas emissions from electricity and perhaps other industries.

  8. Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

    E-Print Network [OSTI]

    Kim, Joyce Jihyun

    2013-01-01

    electricity markets by creating a link between wholesale and retail markets (electricity markets by creating a link between wholesale and retail markets (electricity supply (KEMA 2012). While such trend stimulates the growth of a competitive retail market,

  9. A Study of Central Auction Based Wholesale Electricity Markets

    E-Print Network [OSTI]

    Gatti, Nicola

    with bounded capacity connects all the local regions. The peculiarity of the Italian electricity market laysA Study of Central Auction Based Wholesale Electricity Markets S. Ceppi and N. Gatti Dipartimento, Italy {ceppi,ngatti}@elet.polimi.it Abstract. The deregulation of electricity markets produced

  10. Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

    E-Print Network [OSTI]

    Kim, Joyce Jihyun

    2013-01-01

    and Demand Response in Electricity Markets." University ofDemand Response in Electricity Markets and Recommendationsof Wholesale Electricity Markets for NYC in Summer

  11. Diagnosing Market Power in California's Deregulated Wholesale Electricity Market

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, James; Wolak, Frank

    1999-01-01

    Market Power in Electricity Markets: Beyond Concentrationin the California Electricity Markets," mimeo, University ofin the California Electricity Market." Mimeo. University of

  12. Market power in the England and Wales wholesale electricity [market, 1995-2000

    E-Print Network [OSTI]

    Sweeting, Andrew

    2004-01-01

    This paper shows that generators exercised increasing market power in the England and Wales wholesale electricity market in the second half of the 1990s despite declining market concentration. It examines whether this was ...

  13. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    of Generation Capacity in the MH Electricity Market In thegeneration capacity in the MH electricity market compared tocapacity in a potential wholesale electricity market in MH

  14. Optimal Static Hedging of Volumetric Risk in a Competitive Wholesale Electricity Market

    E-Print Network [OSTI]

    Optimal Static Hedging of Volumetric Risk in a Competitive Wholesale Electricity Market Yumi Oum wholesale electricity markets, regulated load serving entities (LSEs) and marketers with default service was partially supported by the Power Systems En- gineering Research Center and by the Consortium for Electric

  15. Hedging Quantity Risks with Standard Power Options in a Competitive Wholesale Electricity Market

    E-Print Network [OSTI]

    Oren, Shmuel S.

    Hedging Quantity Risks with Standard Power Options in a Competitive Wholesale Electricity MarketScience (www.interscience.wiley.com). Abstract: This paper addresses quantity risk in the electricity market-serving entity, which provides electricity service at a regulated price in electricity markets with price

  16. Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, Jim; Wolak, Frank A.

    2002-01-01

    in the California Power Exchange Energy Markets." Availableof the Governing Board of the California Power Exchange.was a member of the Power Exchange's Market Monitoring

  17. The wholesale market for electricity in England and Wales : recent developments and future reforms

    E-Print Network [OSTI]

    Sweeting, Andrew

    2000-01-01

    The England and Wales wholesale electricity market is about to undergo major reform (NETA). I describe and analyse the proposed arrangements, contrasting them with those currently in operation. I argue that while NETA will ...

  18. A Study of Central Auction Based Wholesale Electricity Markets

    E-Print Network [OSTI]

    Gatti, Nicola

    authority. In- stead, the distribution of electricity to customers takes part in retail markets. The main electricity markets, called retail market, distribu- tors buy electricity from UP and sell it to customers [6]. Italian and worldwide retails market are not governed by any specific rule. In the scientific community

  19. Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, Jim; Wolak, Frank A.

    2002-01-01

    marginal cost of supplying electrical energy in California.California Energy Commission's dataset on WSCC generation for use with General Electric's MAPS multi-area production costcosts of the underlying commodity, electrical energy. In January of 2001, the PX ceased operation and the California

  20. Electric Wholesale Market Regimes in the United States: Implications...

    Office of Environmental Management (EM)

    Regimes in the United States: Implications for Investment PowerPoint presentation to the Electricity Advisory Committee by Charles Whitmore, Senior Market Advisor at the Federal...

  1. The role of vibrant retail electricity markets in assuring that wholesale power markets operate effectively

    SciTech Connect (OSTI)

    Goulding, A.J.; Rufin, C.; Swinand, G.

    1999-12-01

    Barriers to competitive supplier entry such as California's wholesale-price pass-through model can provide an almost insurmountable barrier to effective retail competition. The telecommunications, airline, and software industries provide lessons--positive and negative--on how creating competitive wholesale markets is insufficient to bring the benefits of competition to smaller consumers.

  2. Evolution of Wholesale Electricity Market Design with Increasing Levels of Renewable Generation

    SciTech Connect (OSTI)

    Ela, E.; Milligan, M.; Bloom, A.; Botterud, A.; Townsend, A.; Levin, T.

    2014-09-01

    Variable generation such as wind and photovoltaic solar power has increased substantially in recent years. Variable generation has unique characteristics compared to the traditional technologies that supply energy in the wholesale electricity markets. These characteristics create unique challenges in planning and operating the power system, and they can also influence the performance and outcomes from electricity markets. This report focuses on two particular issues related to market design: revenue sufficiency for long-term reliability and incentivizing flexibility in short-term operations. The report provides an overview of current design and some designs that have been proposed by industry or researchers.

  3. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    power sector reforms at their outset envisioned establishing wholesale markets and eventually establishing retail

  4. Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

    E-Print Network [OSTI]

    Kim, Joyce Jihyun

    2013-01-01

    Advanced Metering, and Demand Response in Electricity2006. Benefits of Demand Response in Electricity Markets and2010. Open Automated Demand Response Technologies for

  5. Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

    E-Print Network [OSTI]

    Kim, Joyce Jihyun

    2013-01-01

    and Demand Response in Electricity Markets." University ofRates and Tariffs /Schedule for Electricity Service, P.S.C.no. 10- Electricity/Rules 24 (Riders)/Leaf No. 177-327."

  6. Dynamic Testing of Wholesale Power Market Designs

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    , http://www.ferc.gov/industries/electric/indus-act/rto/rto-map.asp) 2 #12;The complexity of the WPMP (2006, p. 6) reports that ISO/RTO-operated energy regions now include over 50% of the generating capacity in the U.S.; see Figure 1. Figure 1: ISO/RTO-Operated U.S. Wholesale Power Markets (Source: FERC

  7. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    Market Power in Electricity Markets: Beyond ConcentrationU.S. Restructured Electricity Markets. ” CSEM Working Paperof the New England Electricity Market. ” CSEM Working Paper

  8. Market Structure and Competition: A Cross-Market Analysis of U.S. Electricity Deregulation

    E-Print Network [OSTI]

    Bushnell, James; Mansur, Erin T.; Saravia, Celeste

    2004-01-01

    Wholesale Electricity Market. ” American Economic Review,of the New England Electricity Market. ” CSEM Working Paperfornia’s Wholesale Electricity Market During Summer 2000,”

  9. The robustness of agent-based models of electricity wholesale markets

    E-Print Network [OSTI]

    Newberry, David

    2012-05-28

    Electricity Market by facilitating cross-border trade to increase competition within each Member State, although progress to- wards e¢ cient use of interconnectors through market coupling has been until recently very slow. With the Third Package, the creation... in such markets, and even harder to model strategic behaviour with transmission constraints (and most interconnectors are heavily congested). Once one abandons the quest for analytic solutions, the way is open to computer sim- ulation that can include more...

  10. Eric S. Schubert is a Senior Market Economist at the Wholesale Market Oversight of the Public

    E-Print Network [OSTI]

    Oren, Shmuel S.

    Utility Commission of Texas in Austin with expertise on wholesale market design and resource adequacy played a key role in design of electricity market in ERCOT. In addition to monitoring market activitiesEric S. Schubert is a Senior Market Economist at the Wholesale Market Oversight of the Public

  11. Using Environmental Emissions Permit Prices to Raise Electricity Prices: Evidence from the California Electricity Market

    E-Print Network [OSTI]

    Kolstad, Jonathan; Wolak, Frank

    2003-01-01

    Restructured Wholesale Electricity Market, American Economic2001) “California’s Electricity Market,” April, availableIn California's Wholesale Electricity Market During Summer

  12. Customer reponse to day-ahead wholesale market electricity prices: Case study of RTP program experience in New York

    E-Print Network [OSTI]

    2004-01-01

    in Competitive Electricity Markets” Lawrence BerkeleyDemand Response in Electricity Markets , Hewlitt Foundationin Competitive Electricity Markets , A. Faruqui and K.

  13. REPORT TO CONGRESS ON COMPETITION IN WHOLESALE AND RETAIL MARKETS...

    Broader source: Energy.gov (indexed) [DOE]

    Competition Task Force"3 (Task Force) to conduct a study of competition in wholesale and retail markets for electricity in the United States. Section 1815(b)(2)(B) required the...

  14. On the stability of wholesale electricity markets under real-time pricing

    E-Print Network [OSTI]

    Roozbehani, Mardavij

    The paper proposes a mathematical model for the dynamic evolution of supply, demand, and clearing prices under a class of real-time pricing mechanisms characterized by passing on the real-time wholesale prices to the end ...

  15. Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

    SciTech Connect (OSTI)

    Kim, Joyce Jihyun; Kiliccote, Sila

    2012-06-01

    In New York State, the default electricity pricing for large customers is Mandatory Hourly Pricing (MHP), which is charged based on zonal day-ahead market price for energy. With MHP, retail customers can adjust their building load to an economically optimal level according to hourly electricity prices. Yet, many customers seek alternative pricing options such as fixed rates through retail access for their electricity supply. Open Automated Demand Response (OpenADR) is an XML (eXtensible Markup Language) based information exchange model that communicates price and reliability information. It allows customers to evaluate hourly prices and provide demand response in an automated fashion to minimize electricity costs. This document shows how OpenADR can support MHP and facilitate price responsive demand for large commercial customers in New York City.

  16. Diagnosing Unilateral Market Power in Electricity Reserves Market

    E-Print Network [OSTI]

    Knittel, Christopher R; Metaxoglou, Konstantinos

    2008-01-01

    Equilibrium in Electricity Markets,” 2004, Journal ofEquilibrium Mod- els of Electricity Markets: Stability, Non-s Restructured Wholesale Electricity Market,” 2002, American

  17. California's Electricity Crisis: A Market Apart?

    E-Print Network [OSTI]

    Bushnell, James

    2003-01-01

    California Wholesale Electricity Markets. ” Docket No. EL00-a Competitive Electricity Market. ” International EconomicS. , "The Trouble with Electricity Markets: Understanding

  18. Oligopoly Equilibria in Electricity Contract Markets

    E-Print Network [OSTI]

    Bushnell, James

    2005-01-01

    of U.S. Restructured Electricity Markets. CSEM Working PaperWholesale Electricity Market. ” American Economic Review,of the New England Electricity Market. ” CSEM Working Paper

  19. Customer response to day-ahead wholesale market electricity prices: Case study of RTP program experience in New York

    SciTech Connect (OSTI)

    Goldman, C.; Hopper, N.; Sezgen, O.; Moezzi, M.; Bharvirkar, R.; Neenan, B.; Boisvert, R.; Cappers, P.; Pratt, D.

    2004-07-01

    There is growing interest in policies, programs and tariffs that encourage customer loads to provide demand response (DR) to help discipline wholesale electricity markets. Proposals at the retail level range from eliminating fixed rate tariffs as the default service for some or all customer groups to reinstituting utility-sponsored load management programs with market-based inducements to curtail. Alternative rate designs include time-of-use (TOU), day-ahead real-time pricing (RTP), critical peak pricing, and even pricing usage at real-time market balancing prices. Some Independent System Operators (ISOs) have implemented their own DR programs whereby load curtailment capabilities are treated as a system resource and are paid an equivalent value. The resulting load reductions from these tariffs and programs provide a variety of benefits, including limiting the ability of suppliers to increase spot and long-term market-clearing prices above competitive levels (Neenan et al., 2002; Boren stein, 2002; Ruff, 2002). Unfortunately, there is little information in the public domain to characterize and quantify how customers actually respond to these alternative dynamic pricing schemes. A few empirical studies of large customer RTP response have shown modest results for most customers, with a few very price-responsive customers providing most of the aggregate response (Herriges et al., 1993; Schwarz et al., 2002). However, these studies examined response to voluntary, two-part RTP programs implemented by utilities in states without retail competition.1 Furthermore, the researchers had limited information on customer characteristics so they were unable to identify the drivers to price response. In the absence of a compelling characterization of why customers join RTP programs and how they respond to prices, many initiatives to modernize retail electricity rates seem to be stymied.

  20. Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

    E-Print Network [OSTI]

    Kim, Joyce Jihyun

    2013-01-01

    months when buildings' electricity demand is also high dueoptimize buildings' electricity demand according to hourlymonths when buildings' electricity demand is also high due

  1. Testing Strategic Models of Firm Behavior in Restructured Electricity Markets: A Case Study of ERCOT

    E-Print Network [OSTI]

    Hortacsu, Ali; Puller, Steven L.

    2004-01-01

    I n California's Wholesale Electricity Market During SummerPJM Wholesale Electricity Market. POWER Working Paper PWP-n California's Deregulated Electricity Market. POWER Working

  2. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    Large Quantities of Electricity Demand for AgriculturalLarge Size of the Market Electricity demand for agriculturalconstraints, and electricity demand in MH state to simulate

  3. The Implementation of California AB 32 and its Impact on Wholesale Electricity Markets

    E-Print Network [OSTI]

    Bushnell, Jim B

    2007-01-01

    or unregulated energy service providers could createEnergy Commission Staff Proposal for an Electricity Retail Provider

  4. A Quantitative Analysis of Pricing Behavior In California's Wholesale Electricity Market During Summer 2000

    E-Print Network [OSTI]

    Joskow, Paul; Kahn, Edward

    2004-06-16

    in Northern California, gas-fired steam and peaking turbines, and cogenerators and other generation sources that are ?Qualifying Facilities? (QFs) under the Public Utility Regulatory Policy Act of 1978 (PURPA). About half of in-state generating capacity... and Lynch (2000), California Independent System Operator Department of Market Analysis (2000), California Power Exchange Corporation Compliance Unit (2000) among others. 3 FERC (1998) gives a detailed account of price spikes in Midwestern markets...

  5. Demand Response in U.S. Electricity Markets: Empirical Evidence

    E-Print Network [OSTI]

    Cappers, Peter

    2009-01-01

    U.S. electric power markets (i.e. , retail and wholesale),power markets. In 2008, customers enrolled in existing wholesale and retail

  6. An Equilibrium Model of Investment in Restructured Electricity Markets

    E-Print Network [OSTI]

    Bushnell, Jim B; Ishii, Jun

    2007-01-01

    Deregulated Wholesale Electricity Markets,” RAND Journal ofin a Competitive Electricity Market,” International EconomicMarket Power in Electricity Markets: Beyond Concentration

  7. An Equilibrium Model of Investment in Restructured Electricity Markets

    E-Print Network [OSTI]

    Bushnell, Jim B; Ishii, Jun

    2007-01-01

    in Deregulated Wholesale Electricity Markets,” RAND JournalBehavior in a Competitive Electricity Market,” InternationalMarket Power in Electricity Markets: Beyond Concentration

  8. Texas Wholesale Market for Christmas Trees. 

    E-Print Network [OSTI]

    Sorensen, H. B. (Harold B.); Smith, W. A.

    1964-01-01

    stream_source_info Bull1021.pdf.txt stream_content_type text/plain stream_size 44581 Content-Encoding ISO-8859-1 stream_name Bull1021.pdf.txt Content-Type text/plain; charset=ISO-8859-1 Wholesale Market for 7 :. @EXAS... Wortl~. The study was performed at the request of the Texas Forest Service to provide information about the feasiblity and direction of Cl~ristmas tree man- agement research. Fi~zdings A market exists in the wholesale trade in the three surveyed...

  9. Lessons from International Experience with Electricity Market Monitoring

    E-Print Network [OSTI]

    Wolak, Frank

    2004-01-01

    in Restructured Electricity Markets: An Internationalon the Office of Gas and Electricity Markets (Ofgem) LicenseRegulating Wholesale Electricity Markets in the Aftermath of

  10. Vertical Integration in Restructured Electricity Markets: Measuring Market Efficiency and Firm Conduct

    E-Print Network [OSTI]

    Mansur, Erin T.

    2003-01-01

    of the New Jersey Electricity Market,” New Jersey Board ofWholesale Electricity Market,” American Economic Review, 92(of the New England Electricity Market,” CSEM Working Paper

  11. Supreme court agrees: FERC must regulate wholesale markets

    SciTech Connect (OSTI)

    Wolak, Frank A.

    2008-08-15

    The author believes that wholesale markets in the United States would have a greater likelihood of ultimately benefiting consumers if the Federal Energy Regulatory Commission did not have the mandate under the Federal Power Act (FPA) to ensure that wholesale prices are ''just and reasonable.'' However, he continues to believe that the FERC cannot avoid having an ex post criteria for asssessing whether market prices are just and reasonable. Moreover, changes in the design and regulatory oversight of U.S. wholesale electricity markets in recent years, including the recent Supreme Court decision, have caused him to believe even more strongly in the guardrails-for-market-outcomes approach. Finally, several questions are addressed which relate to the pricing of fixed-price, long-term contracts and the impact of these obligations on the behavior of suppliers in short-term wholesale markets that are directly relevant to answering the two major questions that the Supreme Court remanded to FERC in its recent decision.

  12. Effects of Price-Responsive Residential Demand on Retail and Wholesale Power Market Operations

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    1 Effects of Price-Responsive Residential Demand on Retail and Wholesale Power Market Operations/C) on integrated retail and wholesale power market operations. The physical operations of the A/C sys- tem, and distribution of electric power was mo- nopolistically controlled by vertically integrated utilities with retail

  13. Reliability and competitive electricity markets

    E-Print Network [OSTI]

    Joskow, Paul L.

    2004-01-01

    Despite all of the talk about ?deregulation? of the electricity sector, a large number of non-market mechanisms have been imposed on emerging competitive wholesale and retail markets. These mechanisms include spot market ...

  14. Scenario Generation for Price Forecasting in Restructured Wholesale Power Markets

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    markets could aid in the design of appropriate price forecasting tools for such markets. Scenario1 Scenario Generation for Price Forecasting in Restructured Wholesale Power Markets Qun Zhou, restructured wholesale power markets, scenario generation, ARMA model, moment-matching method I. INTRODUCTION

  15. Uncertainties in the Value of Bill Savings from Behind-the-Meter, Residential Photovoltaic Systems: The Roles of Electricity Market Conditions, Retail Rate Design, and Net Metering

    E-Print Network [OSTI]

    Darghouth, Naim Richard

    2013-01-01

    linking wholesale and retail market conditions, and providesbetween wholesale markets, retail electricity rates, andof Electricity Market Conditions, Retail Rate Design, and

  16. Multi-scaling of wholesale electricity prices

    E-Print Network [OSTI]

    Caravelli, Francesco; Ududec, Cozmin; Ashtari, Ali; Di Matteo, Tiziana; Aste, Tomaso

    2015-01-01

    We empirically analyze the most volatile component of the electricity price time series from two North-American wholesale electricity markets. We show that these time series exhibit fluctuations which are not described by a Brownian Motion, as they show multi-scaling, high Hurst exponents and sharp price movements. We use the generalized Hurst exponent (GHE, $H(q)$) to show that although these time-series have strong cyclical components, the fluctuations exhibit persistent behaviour, i.e., $H(q)>0.5$. We investigate the effectiveness of the GHE as a predictive tool in a simple linear forecasting model, and study the forecast error as a function of $H(q)$, with $q=1$ and $q=2$. Our results suggest that the GHE can be used as prediction tool for these time series when the Hurst exponent is dynamically evaluated on rolling time windows of size $\\approx 50 - 100$ hours. These results are also compared to the case in which the cyclical components have been subtracted from the time series, showing the importance of...

  17. Retailer-Wholesaler Response to State-Sponsored Marketing

    E-Print Network [OSTI]

    Neimark, Alexander V.

    Retailer-Wholesaler Response to State-Sponsored Marketing Programs: The Case of Jersey Fresh Ramu #12;Retailer-Wholesaler Response to State-Sponsored Marketing Programs: The Case of Jersey Fresh Ramu Govindasamy Aruna Pingali John Italia Daymon Thatch RUTGERS In cooperation with: Agricultural Marketing

  18. Social Welfare implications of demand response programs in competitiv e electricity markets

    E-Print Network [OSTI]

    Boisvert, Richard N.; Neenan, Bernard F.

    2003-01-01

    in Wholesale Electricity Markets”. The Electricity Journal,in Competitive Electricity Markets with and without Time-in Competitive Electricity Markets Prepared by Richard N.

  19. Hedging Quantity Risks with Standard Power Options in a Competitive Wholesale Electricity

    E-Print Network [OSTI]

    Hedging Quantity Risks with Standard Power Options in a Competitive Wholesale Electricity Market, GA, 30332-0205 USA March 3, 2005 Abstract This paper addresses quantity risk in the electricity of a load serving entity, which provides electricity service at a regulated price in electricity markets

  20. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    B. (2001). “The California Electricity Crisis: Lessons forMagic or Mayhem? ” The Electricity Journal Vol 17, No 7,a Deregulated California Electricity Industry. ” Journal of

  1. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    more dependent on electricity than developing countries. InElectricity Crisis: Lessons for Developing Countries” EnergyFirst, as electricity sectors in developing countries tend

  2. Biases in Static Oligopoly Models?: Evidence from the California Electricity Market

    E-Print Network [OSTI]

    Kim, Dae-Wook; Knittel, Christopher R.

    2004-01-01

    in California’s Electricity Markets. ” POWER working Pa- perWholesale Electricity Market. ” American Economic Review 92(residual. restructured electricity markets. Given that the

  3. Spot pricing of electricity and ancillary services in a competitive California market.

    E-Print Network [OSTI]

    Siddiqui, Afzal S.; Marnay, Chris; Khavkin, Mark

    2000-01-01

    Designing Competitive Electricity Markets , edited by H.P.Deregulated Wholesale Electricity Market," POWER Workingin competitive electricity markets, the verti- cally

  4. The Distributional and Environmental Effects of Time-Varying Prices in Competitive Electricity Markets

    E-Print Network [OSTI]

    Holland, Stephen P.; MANSUR, ERIN T

    2005-01-01

    Wholesale Electricity Market,” American Economic Review,of Competitive Electricity Markets With Time-Invariantand Demand Response in Electricity Markets, October 2002.

  5. Uncertainties in the Value of Bill Savings from Behind-the-Meter, Residential Photovoltaic Systems: The Roles of Electricity Market Conditions, Retail Rate Design, and Net Metering

    E-Print Network [OSTI]

    Darghouth, Naim Richard

    2013-01-01

    scenarios .. 85 4.2.2 Wholesale market design .electricity market scenarios, retail rate designs, PVscenario). Results: Alternative wholesale market design and

  6. Reliability and Competitive Electricity Markets

    E-Print Network [OSTI]

    Joskow, Paul; Tirole, Jean

    2006-03-14

    Deregulation of the electricity sector has resulted in conflict between the economic aims of creating competitive wholesale and retail markets, and an engineering focus on reliability of supply. The paper starts by deriving the optimal prices...

  7. CSEM WP 129 Reliability and Competitive Electricity Markets*

    E-Print Network [OSTI]

    California at Berkeley. University of

    mechanisms have been imposed on emerging compet- itive wholesale and retail markets. These mechanisms include and retail electricity markets. These mechanisms include: wholesale market price caps, capacity obligations mechanisms are argued to be justified by imper- fections in the retail or wholesale markets: in particular

  8. Wholesale Electricity Price Forecast This appendix describes the wholesale electricity price forecast of the Fifth Northwest Power

    E-Print Network [OSTI]

    to the electricity price forecast. This resource mix is used to forecast the fuel consumption and carbon dioxide (CO2Wholesale Electricity Price Forecast This appendix describes the wholesale electricity price forecast of the Fifth Northwest Power Plan. This forecast is an estimate of the future price of electricity

  9. Sixth Northwest Conservation and Electric Power Plan Appendix D: Wholesale Electricity Price Forecast

    E-Print Network [OSTI]

    Sixth Northwest Conservation and Electric Power Plan Appendix D: Wholesale Electricity Price........................................................................................ 13 Fuel Prices................................................................................................................................. 14 Carbon Dioxide Prices

  10. Electricity Monthly Update

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    Wholesale Markets: February 2014 The United States has many regional wholesale electricity markets. Below we look at monthly and annual ranges of on-peak, daily wholesale...

  11. The Market Value and Cost of Solar Photovoltaic Electricity Production

    E-Print Network [OSTI]

    Borenstein, Severin

    2008-01-01

    a wholesale electricity market in which capacity costs arecapacity would have helped to undermine market power during the California electricityCapacity shortages and the exercise of market power that occurred during the 2000-2001 California electricity

  12. Uncertainties in the Value of Bill Savings from Behind-the-Meter, Residential Photovoltaic Systems: The Roles of Electricity Market Conditions, Retail Rate Design, and Net Metering

    E-Print Network [OSTI]

    Darghouth, Naim Richard

    2013-01-01

    electricity markets: Need and design. Utilities Policy 16,market design .Alternative wholesale market design and retail rate

  13. United States of America Electric Energy Market Competition Task Force

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    and Retail Markets for Electric Energy Docket No. AD05 of competition within the wholesale and retail market for electric energy in the United States and to submit to conduct a study and analysis of competition within the wholesale markets and retail markets for electric

  14. Derivation of Locational Marginal Prices for Restructured Wholesale Power Markets

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    the performance of these markets. In this paper, different AC and DC optimal power flow (OPF) models are presented Operator (MISO). Keywords: Locational marginal pricing, wholesale power market, AC optimal power flow, DC optimal power flow, U.S. Midwest Independent System Operator (MISO). #12;3 1 INTRODUCTION In an April 2003

  15. An institutional frame to compare alternative market designs in EU electricity balancing

    E-Print Network [OSTI]

    Glachant, Jean-Michel

    2007-01-01

    The so-called "electricity wholesale market" is, in fact, a sequence of several markets. The chain is closed with a provision for "balancing," in which energy from all wholesale markets is balanced under the authority of ...

  16. Coordination of Retail Demand Response with Midwest ISO Markets

    E-Print Network [OSTI]

    Bharvirkar, Ranjit

    2008-01-01

    2. Wholesale and Retail Electricity Markets in the Midwestwholesale and retail electricity markets. When MISO calledthe wholesale and retail electricity markets in the Midwest

  17. Index Contracts and Spot Market Competition

    E-Print Network [OSTI]

    Le Coq, Chloe

    2007-01-01

    Nordic Residen- tial Electricity Markets", Cambridge Workingin a Competitive Electricity Market", In- ternationalin Wholesale Electricity Markets", Mimeo, Standford Uni-

  18. Creating the wholesale market for electricity in Japan : what should Japan learn from major markets in the United States and Europe?

    E-Print Network [OSTI]

    Hori, Takahide

    2001-01-01

    The movement of deregulation in Japan's electric power industry started in 1995 with the revision of the Electric Utility Industry Law. During these past over five years, levels of various discussions have been made in ...

  19. Estimating the value of electricity storage in an energy-only wholesale Dylan McConnell a,b,

    E-Print Network [OSTI]

    Sandiford, Mike

    Estimating the value of electricity storage in an energy-only wholesale market Dylan McConnell a 2015 Received in revised form 14 August 2015 Accepted 2 September 2015 Keywords: Electricity storage in energy-only electricity markets. In this paper we explore the value of a price-taking storage device

  20. Market Integration, Efficiency, and Interconnectors: The Irish Single Electricity Market

    E-Print Network [OSTI]

    Nepal, Rabindra; Jamasb, Tooraj

    integration between SEM and other European markets and thereby raising the possibility to benefit from increased electricity trade. As wholesale prices in SEM remain relatively high and volatile; a larger interconnector capacity can promote competition, close...

  1. Market power and electricity market reform in Northeast China

    E-Print Network [OSTI]

    Zhang, Xiaochun

    2008-01-01

    The Northeast region of China has been used as a testing ground for creation of a functioning wholesale electric power market. We describe the ownership structure of the generation assets for those plants participating in ...

  2. Interface between Engineering and Market Operations in Restructured Electricity Systems

    E-Print Network [OSTI]

    1 Interface between Engineering and Market Operations in Restructured Electricity Systems Hung be adapted to the wholesale markets introduced since restructuring began in 1998 in the U.S. Index Terms--Electricity, and Robert Wilson Abstract--We examine the impact of wholesale markets on operations of the bulk power system

  3. Vertical Integration and Market Power in Electricity Markets Seamus Hogan

    E-Print Network [OSTI]

    Hickman, Mark

    of generation from electricity retailing has often been required as a condition of electricity market shares in wholesale and retail markets. In general, firms whose share of generating capacity is higher (lower) than their retail market share will over-report (under-report) their inverse supply functions

  4. A Threshold Autoregressive Model for Wholesale Electricity Prices

    E-Print Network [OSTI]

    A Threshold Autoregressive Model for Wholesale Electricity Prices B. Ricky Rambharat, Department, 2003 Abstract We introduce a discrete-time model for electricity prices, which accounts for both spikes and temperature effects. The model allows for different mean-reversion rates, one around spikes, and another

  5. A Threshold Autoregressive Model for Wholesale Electricity Prices

    E-Print Network [OSTI]

    A Threshold Autoregressive Model for Wholesale Electricity Prices B. Ricky Rambharat Carnegie Mellon University, U.S.A. October 14, 2003 Summary. We introduce a discrete-time model for electricity rates of mean-reversion: One for weather events, one around price jumps, and another for the remainder

  6. Capacity Markets for Electricity

    E-Print Network [OSTI]

    Creti, Anna; Fabra, Natalia

    2004-01-01

    and design of electricity capacity markets. Our work has twoMarkets for Electricity capacity markets, and so, when thesemain features of electricity capacity markets. We have used

  7. Understanding the Benefits of Dispersed Grid-Connected Photovoltaics: From Avoiding the Next Major Outage to Taming Wholesale Power Markets

    SciTech Connect (OSTI)

    Letendre, Steven E.; Perez, Richard

    2006-07-15

    Thanks to new solar resource assessment techniques using cloud cover data available from geostationary satellites, it is apparent that grid-connected PV installations can serve to enhance electric grid reliability, preventing or hastening recovery from major power outages and serving to mitigate extreme price spikes in wholesale energy markets. (author)

  8. Capacity Markets for Electricity

    E-Print Network [OSTI]

    Creti, Anna; Fabra, Natalia

    2004-01-01

    England and Wales Electricity Market”, Power Working PaperFelder (1996), “Should Electricity Markets Have a Capacityand Competitive Electricity Markets”, mimeo, IDEI, available

  9. USAEE/IAEE North American Conference, Washington, D.C., July 8-10, 2004 Testing the Reliability of FERC's Wholesale Power Market Platform

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    spikes either by withholding capacity from the market or by deliberately inducing congestion in the California electricity market [Moore and Kiesling (2001), Borenstein (2002)] has forcefully brought home the Reliability of FERC's Wholesale Power Market Platform: An Agent-Based Computational Economics Approach Deddy

  10. Retrospective modeling of the merit-order effect on wholesale electricity prices from distributed photovoltaic generation in the

    E-Print Network [OSTI]

    Sandiford, Mike

    -front cost, and this is particularly the case for renewables such as solar photo- voltaic (PV). On a levelised cost basis, solar PV is currently an expensive way to produce electricity. However, solar PV has.8 billion in the market over two years. c The depression of wholesale prices offsets the cost of support

  11. Interface Between Engineering and Market Operations in Restructured Electricity Systems

    E-Print Network [OSTI]

    Oren, Shmuel S.

    Interface Between Engineering and Market Operations in Restructured Electricity Systems HUNG began in 1998 in the United States Keywords--Electricity restructuring, market design, market op, IEEE, AND ROBERT WILSON Invited Paper We examine the impact of wholesale markets on operations

  12. The role of content regulation on pricing and market power in regional retail and wholesale gasoline markets

    E-Print Network [OSTI]

    Muehlegger, Erich J.

    2002-01-01

    Since 1999, regional retail and wholesale gasoline markets in the United States have experienced significant price volatility, both intertemporally and across geographic markets. This paper focuses on one potential explanation ...

  13. High renewable energy penetrations in the Australian National Electricity Market

    E-Print Network [OSTI]

    New South Wales, University of

    Distribution Sector: - DNSPS Electricity flow Multi-region five-minute energy & FCAS markets Intentions, offers by AEMO ­ A multi-region gross wholesale electricity spot market with dynamic intra-regional loss factorsHigh renewable energy penetrations in the Australian National Electricity Market: key challenges

  14. Multi-settlement Systems for Electricity Markets: Zonal Aggregation under Network Uncertainty and Market Power1

    E-Print Network [OSTI]

    Oren, Shmuel S.

    1 Multi-settlement Systems for Electricity Markets: Zonal Aggregation under Network Uncertainty alternative market designs for a multi- settlement system for electricity in which the resolution designs. 1. Introduction Over the past decade, wholesale electricity markets have gone through fundamental

  15. Competitive electricity markets and investment in new generating capacity

    E-Print Network [OSTI]

    Joskow, Paul L.

    2006-01-01

    Evidence from the U.S. and some other countries indicates that organized wholesale markets for electrical energy and operating reserves do not provide adequate incentives to stimulate the proper quantity or mix of generating ...

  16. Investigating Wireless Charging and Mobility of Electric Vehicles on Electricity Market

    E-Print Network [OSTI]

    Zhuang, Weihua

    1 Investigating Wireless Charging and Mobility of Electric Vehicles on Electricity Market Chia inconvenient vehicle stops at charging stations, the on-road wireless charging of electric vehicles (EVs for this application, i.e., the impact of wireless charging and mobility of EVs on the wholesale electricity market

  17. NREL: Transmission Grid Integration - Wholesale Electricity Market

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantityBonneville Power Administration wouldMass map shines lightGeospatial ToolkitSMARTS -BeingFutureResearchWebmasterOperations

  18. Separation and Volatility of Locational Marginal Prices in Restructured Wholesale Power Markets

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    ­ in U.S. energy regions in the midwest (MISO), New England (ISO-NE), New York (NYISO), the mid Test Bed I. INTRODUCTION THE wholesale power market design proposed by the U.S. Federal Energy, it is critical for market operators in these regions to understand how LMPs respond under alternative structural

  19. New wholesale power market design using linked forward markets : a study for the DOE energy storage systems program.

    SciTech Connect (OSTI)

    Silva Monroy, Cesar Augusto; Loose, Verne William; Ellison, James F.; Elliott, Ryan Thomas; Byrne, Raymond Harry; Guttromson, Ross; Tesfatsion, Leigh S.

    2013-04-01

    This report proposes a reformulation of U.S. ISO/RTO-managed wholesale electric power mar- kets for improved reliability and e ciency of system operations. Current markets do not specify or compensate primary frequency response. They also unnecessarily limit the participation of new technologies in reserve markets and o er insu cient economic inducements for new capacity invest- ment. In the proposed market reformulation, energy products are represented as physically-covered rm contracts and reserve products as physically-covered call option contracts. Trading of these products is supported by a backbone of linked ISO/RTO-managed forward markets with planning horizons ranging from multiple years to minutes ahead. A principal advantage of this reformulation is that reserve needs can be speci ed in detail, and resources can o er the services for which they are best suited, without being forced to conform to rigid reserve product de nitions. This should improve the business case for electric energy storage and other emerging technologies to provide reserve. In addition, the facilitation of price discovery should help to ensure e cient energy/reserve procurement and adequate levels of new capacity investment.

  20. Power System Modeling of 20percent Wind-Generated Electricity by 2030

    E-Print Network [OSTI]

    Hand, Maureen

    2008-01-01

    electricity capacity expansion in the continental U.S. wholesale market.capacity level will vary significantly as electricity markets

  1. Are agent-based simulations robust? The wholesale electricity trading case

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    functions, demand aggregation, initial beliefs. 1 Introduction Companies and government agencies on prevailing wholesale electricity trading simulation methods. We include different supply and demand best-response and reinforcement learning but not under fictitious play. The simulations perform well

  2. An Institutional Frame to Compare Alternative Market Designs in EU Electricity Balancing

    E-Print Network [OSTI]

    Glachant, Jean-Michel; Saguan, Marcelo

    The so-called â electricity wholesale marketâ is, in fact, a sequence of several markets. The chain is closed with a provision for â balancing,â in which energy from all wholesale markets is balanced under the authority of the Transmission...

  3. THE ELECTRICITY RETAIL MARKET: REQUERIMENTS FOR AN E-BUSINESS SYSTEM

    E-Print Network [OSTI]

    Monteiro, Edmundo

    THE ELECTRICITY RETAIL MARKET: REQUERIMENTS FOR AN E-BUSINESS SYSTEM Victor Santos ISCAC takes pace in the wholesale market where the retailers acquire the electricity that will sell of the technological structure for an electricity retail company in a deregulated electricity market are identified

  4. Marketing Practices and Costs of Texas Egg Producer-Wholesalers

    E-Print Network [OSTI]

    Shafer, Carl E.

    1964-01-01

    -wholesalers. It was not cafes and but they not be to a random sample of the producer-who~esaler compete for the large retailer outlets. The small population, of Texas. producers generally have higher costs per cue and insufficient volume to adequately service Labor... efficiency. Size Number Tt: Whole- On group SalerS consumer stores At cafes other1 Labor Efficiency and Costs routes farm Differences in costs per case for egg cle- - - - - - Number - - - - livery were mainly associated with variatiolli 1 A 1s 4 9 3...

  5. The effect of falling market concentration on prices, generator behaviour and productive efficiency in the England and Wales electricity market

    E-Print Network [OSTI]

    Sweeting, Andrew

    2001-01-01

    A universal prediction of the various oligopoly models used to predict and explain behaviour in the England and Wales (E&W) electricity wholesale market is that divestiture of plants by the two large incumbent generators ...

  6. The potential impacts of a competitive wholesale market in the midwest: A preliminary examination of centralized dispatch

    SciTech Connect (OSTI)

    Lesieutre, Bernard C.; Bartholomew, Emily; Eto, Joseph H.; Hale, Douglas; Luong, Thanh

    2004-07-01

    In March 2005, the Midwest Independent System Operator (MISO) will begin operating the first-ever wholesale market for electricity in the central and upper Midwestern portion of the United States. Region-wide, centralized, security-constrained, bid-based dispatch will replace the current system of decentralized dispatch by individual utilities and control areas. This report focuses on how the operation of generators may change under centralized dispatch. We analyze a stylized example of these changes by comparing a base case dispatch based on a ''snapshot'' taken from MISO's state estimator for an actual, historical dispatch (4 p.m., July 7, 2003) to a hypothetical, centralized dispatch that seeks to minimize the total system cost of production, using estimated cost data collected by the EIA. Based on these changes in dispatch, we calculate locational marginal prices, which in turn reveals the location of congestion within MISO's footprint, as well as the distribution of congestion revenues. We also consider two sensitivity scenarios that examine (1) the effect of changes in MISO membership (2003 vs. 2004 membership lists), and (2) different load and electrical data, based on a snapshot from a different date and time (1 p.m., Feb. 18, 2004). Although our analysis offers important insights into how the MISO market could operate when it opens, we do not address the question of the total benefits or costs of creating a wholesale market in the Midwest.

  7. "Self-Regulating Electricity Markets?" Nodir Adilov, Thomas Light, Richard Schuler, William Schulze, David Toomey &

    E-Print Network [OSTI]

    in electricity markets who can substitute part of their usage between day and night. Each customer's demand with that forecast demand quantity. Effectively, these wholesale electricity markets are single-sided, and both"Self-Regulating Electricity Markets?" by Nodir Adilov, Thomas Light, Richard Schuler, William

  8. E-BUSINESS FOR THE ELECTRICITY RETAIL MARKET A Business to Client perspective

    E-Print Network [OSTI]

    Monteiro, Edmundo

    E-BUSINESS FOR THE ELECTRICITY RETAIL MARKET A Business to Client perspective Victor Santos ISCAC in the electricity sector. From generation to the final client there are two markets, the wholesale and the retail and in the United States. The goal of this paper is to present a model for the electricity retail market. Several

  9. REPORT TO CONGRESS ON COMPETITION IN WHOLESALE AND RETAIL MARKETS...

    Energy Savers [EERE]

    Energy Regulatory Commission's Proposal for Standard Market Design 2010 Assessment of Demand Response and Advanced Metering - Staff Report STUDY OF THE EFFECT OF PRIVATE WIRE...

  10. Two-Settlement Electric Power Markets with Dynamic-Price Contracts

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    Two-Settlement Electric Power Markets with Dynamic-Price Contracts 27 July 2011 IEEE PES GM: Personnel from PNNL/DOE, XM, RTE, MEC, & MISO IRW Project:IRW Project: Integrated Retail/Wholesale PowerIntegrated Retail/Wholesale Power System Operation with SmartSystem Operation with Smart--Grid Functionality

  11. BRITISH COLUMBIA'S ELECTRICITY MARKET

    E-Print Network [OSTI]

    REFORMING BRITISH COLUMBIA'S ELECTRICITY MARKET: A WAY FORWARD DR. MARKJACCARD BRITISHCOLUMBIATASKFORCEON ELECTRICITYMARKETREFORM: FINALREPORT JANUARY1998 #12;BRITISH COLUMBIA TASK FORCE ON ELECTRICITY with the mandate to lead a Task Force to bring forward to government a package of electricity market reform

  12. Abstract--This paper introduces the fundamental concept of locational marginal price (LMP) in the electricity markets, and

    E-Print Network [OSTI]

    Fu, Yong

    ) in the electricity markets, and presents some special observations on LMP. Under market environment, LMP based- and long-term efficiency in wholesale electricity markets. In some restructured markets, including the PJM to ISO by the energy buyers. Thus, depending on different market designs, four different calculation

  13. Demand Response in U.S. Electricity Markets: Empirical Evidence

    SciTech Connect (OSTI)

    Cappers, Peter; Goldman, Charles; Kathan, David

    2009-06-01

    Empirical evidence concerning demand response (DR) resources is needed in order to establish baseline conditions, develop standardized methods to assess DR availability and performance, and to build confidence among policymakers, utilities, system operators, and stakeholders that DR resources do offer a viable, cost-effective alternative to supply-side investments. This paper summarizes the existing contribution of DR resources in U.S. electric power markets. In 2008, customers enrolled in existing wholesale and retail DR programs were capable of providing ~;;38,000 MW of potential peak load reductions in the United States. Participants in organized wholesale market DR programs, though, have historically overestimated their likely performance during declared curtailments events, but appear to be getting better as they and their agents gain experience. In places with less developed organized wholesale market DR programs, utilities are learning how to create more flexible DR resources by adapting legacy load management programs to fit into existing wholesale market constructs. Overall, the development of open and organized wholesale markets coupled with direct policy support by the Federal Energy Regulatory Commission has facilitated new entry by curtailment service providers, which has likely expanded the demand response industry and led to product and service innovation.

  14. Effects of Demand Response on Retail and Wholesale Power Markets

    SciTech Connect (OSTI)

    Chassin, David P.; Kalsi, Karanjit

    2012-07-26

    Demand response has grown to be a part of the repertoire of resources used by utilities to manage the balance between generation and load. In recent years, advances in communications and control technology have enabled utilities to consider continuously controlling demand response to meet generation, rather than the other way around. This paper discusses the economic applications of a general method for load resource analysis that parallels the approach used to analyze generation resources and uses the method to examine the results of the US Department of Energy’s Olympic Peninsula Demonstration Testbed. A market-based closed-loop system of controllable assets is discussed with necessary and sufficient conditions on system controllability, observability and stability derived.

  15. Copyright George Gross, 2004 1 Evolving Nature of Electricity Market Design in the U.S.

    E-Print Network [OSTI]

    Copyright George Gross, 2004 1 Evolving Nature of Electricity Market Design in the U.S. G in the electricity sector. FERC withdrew the proposed rulemaking and replaced it with the less ambitious White Paper smoothly functioning electricity wholesale markets in the U.S. and the path taken toward the implementation

  16. Diagnosing Market Power in California's Deregulated Wholesale Electricity Market

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, James; Wolak, Frank

    1999-01-01

    secondary fuel. Jet fuel and fuel oil prices were aggregatedSeptember 1998. The price of jet fuel was taken from the

  17. Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, Jim; Wolak, Frank A.

    2002-01-01

    Capacity Firm AES Duke Dynegy PG&E Reliant SCE SDG&E OtherCapacity Firm AES Duke Dynegy PG&E Reliant SCE Mirant Other

  18. Demand Response in U.S. Electricity Markets: Empirical Evidence

    E-Print Network [OSTI]

    Cappers, Peter

    2009-01-01

    focused primarily on market design and structure, albeit9 In terms of wholesale market design, SPP administers anmarket. market in 2007, the design of the Emergency and ALM

  19. Market Organization and Efficiency in Electricity Markets

    E-Print Network [OSTI]

    Sadoulet, Elisabeth

    Market Organization and Efficiency in Electricity Markets Erin T. Mansur and Matthew W. White October 2007 ­ Draft Abstract Electricity markets exhibit two different forms of organization costs. Our analysis points to the merits of organized market institutions for electricity, a central

  20. The Potential Impact of Increased Renewable Energy Penetrations on Electricity Bill Savings from Residential Photovoltaic Systems

    E-Print Network [OSTI]

    Barbose, Galen

    2013-01-01

    pricing, high solar penetrations in the market could lead tosolar power (CSP), and wind penetrations in the electricity market.in wholesale market electricity prices. Under high solar

  1. Estimating the Value of Electricity Storage Resources in Electricity...

    Office of Energy Efficiency and Renewable Energy (EERE) Indexed Site

    understanding the role electricity storage resources (storage) can play in wholesale and retail electricity markets, 2) assessing the value of electricity storage in a variety of...

  2. California's electricity crisis

    E-Print Network [OSTI]

    Joskow, Paul L.

    2001-01-01

    The collapse of California's electricity restructuring and competition program has attracted attention around the world. Prices in California's competitive wholesale electricity market increased by 500% between the second ...

  3. The Value of Distributed Generation and CHP Resources in Wholesale Power Markets, September 2005

    Office of Energy Efficiency and Renewable Energy (EERE)

    Report evaluating DG/CHP as wholesale power resources, installed on the utility side of the customer meter

  4. Impact of U.S. Wholesale Demand for Canned Sardines on Market Accessibility of Potential Gulf of Mexico Products

    E-Print Network [OSTI]

    Impact of U.S. Wholesale Demand for Canned Sardines on Market Accessibility of Potential Gulf their demand characteristics. Results in- dicate that opportunities for entry exist, especiallyfor products was packed in soy oil. The major sources for imported sar- dines are Norway, Peru, Portugal, Japan

  5. MISO Market Performance: An AgentMISO Market Performance: An Agent--Based Computational TestBased Computational Test--BedBed HongyanHongyan LiLiaa, andand LeighLeigh TesfatsionTesfatsionbb

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    , FERC proposed a new market design for U.S. wholesale power markets. About 50% of U.S. electric power generating capacity now operates under a variant of the FERC market design. These restructured wholesale of Electricity Systems. AMES incorporates, in simplified form, core features of the wholesale power market design

  6. New Electricity Advisory Committee Reports Delivered to the Department...

    Broader source: Energy.gov (indexed) [DOE]

    understanding the role electricity storage resources (storage) can play in wholesale and retail electricity markets, 2) assessing the value of electricity storage in a variety of...

  7. Optimal Risk-aware Power Procurement for Data Centers in Day-Ahead and Real-Time Electricity Markets

    E-Print Network [OSTI]

    Mohsenian-Rad, Hamed

    : Data Center, Day-ahead Market, Real-time Market, Price Diversity, Power Procurement, Service: (a) The Ameren retail price trends [18]. (b) The PJM wholesale market price trends [19]. prices, [12Optimal Risk-aware Power Procurement for Data Centers in Day-Ahead and Real-Time Electricity

  8. The Value of Distributed Generation and CHP Resources in Wholesale...

    Office of Energy Efficiency and Renewable Energy (EERE) Indexed Site

    The Value of Distributed Generation and CHP Resources in Wholesale Power Markets, September 2005 The Value of Distributed Generation and CHP Resources in Wholesale Power Markets,...

  9. The geographic expanse of the market for wholesale electricity

    E-Print Network [OSTI]

    Bailey, Elizabeth M.

    1998-01-01

    This paper exploits a large mine-level database to contribute to our understanding of the micro-sources of productivity growth. The database contains observations for labor input and coal output at every mine in the United ...

  10. Electric Wholesale Market Regimes in the United States: Implications for

    Office of Energy Efficiency and Renewable Energy (EERE) Indexed Site

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Home Page on Google Bookmark EERE: Alternative Fuels Data Center Home Page on Delicious Rank EERE:FinancingPetroleum Based|DepartmentStatementofApril 25,EVtheEnergyPrepared forEnergy

  11. Perturbation Analysis of the Wholesale Energy Market Equilibrium in the Presence of Renewables

    E-Print Network [OSTI]

    Kiani, Arman

    2012-01-01

    One of the main challenges in the emerging smart grid is the integration of renewable energy resources (RER). The latter introduces both intermittency and uncertainty into the grid, both of which can affect the underlying energy market. An interesting concept that is being explored for mitigating the integration cost of RERs is Demand Response. Implemented as a time-varying electricity price in real-time, Demand Response has a direct impact on the underlying energy market as well. Beginning with an overall model of the major market participants together with the constraints of transmission and generation, we analyze the energy market in this paper and derive conditions for global maximum using standard KKT criteria. The effect of uncertainties in the RER on the market equilibrium is then quantified, with and without real-time pricing. Perturbation analysis methods are used to compare the equilibria in the nominal and perturbed markets. These markets are also analyzed using a game-theoretic point of view. Suff...

  12. Markets for power in the United States : an interim assessment

    E-Print Network [OSTI]

    Joskow, Paul L.

    2005-01-01

    The transition to competitive wholesale and retail markets for electricity in the U.S. has been a difficult and contentious process. This paper examines the progress that has been made in the evolution of wholesale and ...

  13. Computing the Electricity Market Equilibrium: Uses of market equilibrium models

    E-Print Network [OSTI]

    Baldick, Ross

    1 Computing the Electricity Market Equilibrium: Uses of market equilibrium models Ross Baldick Abstract--In this paper we consider the formulation and uses of electric- ity market equilibrium models. Keywords--Electricity market, Equilibrium models I. INTRODUCTION Electricity market equilibrium modelling

  14. The Impact of Carbon Pricing on Wholesale Electricity Prices, Carbon Pass-Through Rates and Retail Electricity Tariffs in Australia.1

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    1 The Impact of Carbon Pricing on Wholesale Electricity Prices, Carbon Pass-Through Rates and Retail Electricity Tariffs in Australia.1 By Phillip Wild, School of Economics, The University of Corporate Affairs at our Industry Partner, AGL Energy Ltd, for his advice and contributions throughout

  15. The Natural Number of Forward Markets for Electricity

    E-Print Network [OSTI]

    Suenaga, Hiroaki; Williams, Jeffrey

    2005-01-01

    2002). “The trouble with electricity markets: Understandingwholesale electricity market,” American Economic Review, 92:derivatives in electricity markets,” Quantitative Finance,

  16. On the Efficiency of Competitive Electricity Markets With Time-Invariant Retail Prices

    E-Print Network [OSTI]

    Borenstein, Severin; Holland, Stephen P.

    2003-01-01

    homogeneous product in the retail market, and P would facein wholesale and retail markets Equilibrium prices in thecompetitive investment and retail markets would attain the

  17. Transmission and Generation Investment in Electricity Markets

    E-Print Network [OSTI]

    Mar 4, 2015 ... Transmission and Generation Investment in Electricity Markets: The Effects of Market Splitting and Network Fee Regimes.

  18. MARKET DESIGN AND ELECTRICITY RESTRUCTURING

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    ) took the lead in Order 888 (1996) by opening access to the electric transmission grid. Market Design discrimination in access to the monopoly owned transmission wires that control whether and to whom electricity, aka available transmission capacity). · Defining reliability standards while certifying the Electric

  19. Integrated Retail and Wholesale (IRW) Power System Operations with Smart-Grid Functionality

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    Integrated Retail and Wholesale (IRW) Power System Operations with Smart-Grid Functionality Leigh-NE, MISO, XM, RTE, MEC IRW Project: Integrated Retail/Wholesale Power System Operation with Smart on business practices manuals for restructured North American electric power markets Realistically rendered

  20. Managing electricity reliability risk through the futures markets

    E-Print Network [OSTI]

    Siddiqui, Afzal S.

    2000-01-01

    rms trading in the electricity markets n 1 and their degreeDesigning Competitive Electricity Markets , edited by H.P.Market Power in Electricity Markets: Beyond Concentration

  1. TRANSMISSION EFFECTS IN MARKET POWER ANALYSIS OF ELECTRICITY MARKETS

    E-Print Network [OSTI]

    Gross, George

    TRANSMISSION EFFECTS IN MARKET POWER ANALYSIS OF ELECTRICITY MARKETS Thomas J. Overbye George Gross-weber@uiuc.edu Department of Electrical and Computer Engineering University of Illinois at Urbana-Champaign Urbana, IL 61801 ABSTRACT This paper discusses the assessment of market power in bulk electricity markets, with the explicit

  2. Electricity market players subgroup report

    SciTech Connect (OSTI)

    Borison, A.

    1990-03-01

    The purpose of this study is to examine competition in the electric power industry from an ``industrial organization`` point of view. The remainder of this report is organized as follows. Chapter 2 describes the ``industrial organization`` approach used to analyze the electric power market. Industrial organization emphasizes specific market performance criteria, and the impact of market structure and behavior on performance. Chapter 3 identifies the participants in the electric power market, grouped primarily into regulated producers, unregulated producers, and consumers. Chapter 4 describes the varieties of electric power competition, organized along two dimensions: producer competition and consumer competition. Chapters 5 and 6 identify the issues raised by competition along the two dimensions. These issues include efficiency, equity, quality, and stability. Chapters 7 through 9 describe market structure, behavior and performance in three competitive scenarios: minimum competition, maximum competition, and moderate competition. Market structure, behavior and performance are discussed, and the issues raised in Chapters 5 and 6 are discussed in detail. Chapter 10 provides conclusions about ``winners and losers`` and identifies issues that require further study.

  3. Electricity market players subgroup report

    SciTech Connect (OSTI)

    Borison, A.

    1990-03-01

    The purpose of this study is to examine competition in the electric power industry from an industrial organization'' point of view. The remainder of this report is organized as follows. Chapter 2 describes the industrial organization'' approach used to analyze the electric power market. Industrial organization emphasizes specific market performance criteria, and the impact of market structure and behavior on performance. Chapter 3 identifies the participants in the electric power market, grouped primarily into regulated producers, unregulated producers, and consumers. Chapter 4 describes the varieties of electric power competition, organized along two dimensions: producer competition and consumer competition. Chapters 5 and 6 identify the issues raised by competition along the two dimensions. These issues include efficiency, equity, quality, and stability. Chapters 7 through 9 describe market structure, behavior and performance in three competitive scenarios: minimum competition, maximum competition, and moderate competition. Market structure, behavior and performance are discussed, and the issues raised in Chapters 5 and 6 are discussed in detail. Chapter 10 provides conclusions about winners and losers'' and identifies issues that require further study.

  4. Cap-and-Trade Modeling and Analysis: Congested Electricity Market Equilibrium

    E-Print Network [OSTI]

    Limpaitoon, Tanachai

    2012-01-01

    The case of wholesale power trading in Germany Power andY. (2011). Market power in emissions trading: strategicallyto model market power in permit trading. The conjectural

  5. Speculative Trading and Market Performance: The Effect of Arbitrageurs on Efficiency and Market Power in the New York Electricity Market

    E-Print Network [OSTI]

    Saravia, Celeste

    2003-01-01

    in California’s Electricity Markets. ” University ofin Restructured Electricity Markets: Mea- suring Market E?s Deregulated Electricity Market. ” University of California

  6. Chapter 3. Markets for electrical energy Introduction

    E-Print Network [OSTI]

    Ernst, Damien

    of electricity. 3 #12;The need for a managed spot market Large consumers and retailers forecast their consumption the market closes. 6 #12;Example: Borduria Power trading in electricity market Unit A and unit B have largeChapter 3. Markets for electrical energy 1 #12;Introduction Assumption: All the generators

  7. Price discovery in the wholesale markets for maize and beans in Uganda 

    E-Print Network [OSTI]

    Kuteesa, Annette

    2006-08-16

    Market information services established in 1999 were aimed at the promotion of market efficiency through provision of information across the nation. While the responsible bodies have improved the knowledge of prices, ...

  8. 528 IEEE TRANSACTIONS ON POWER SYSTEMS, VOL. 18, NO. 2, MAY 2003 Experience with PJM Market Operation, System

    E-Print Network [OSTI]

    McCalley, James D.

    coordinates a pooled generating capacity of more than 67 000 MW and operates a wholesale electricity market Terms--Electricity market, locational marginal pricing. I. INTRODUCTION PJM OPERATES the world's largest competitive wholesale electricity market and one of North America's largest power grids. PJM currently

  9. Fast Change Point Detection for Electricity Market Analysis

    E-Print Network [OSTI]

    Gu, William

    2014-01-01

    The trouble with electricity markets: understandingPoint Detection for Electricity Market Analysis William Gu ?Point Detection for Electricity Market Analysis William Gu,

  10. Price-elastic demand in deregulated electricity markets

    E-Print Network [OSTI]

    Siddiqui, Afzal S.

    2003-01-01

    in Competitive Electricity Markets," Ph. D. thesis, IEORrms trading in the electricity markets and their degree ofThe Trouble With Electricity Markets and Califor- nia's

  11. Caught Between Theory and Practice: Government, Market and Regulatory Failures in Electricity

    E-Print Network [OSTI]

    Nepal, Rabindra; Jamasb, Tooraj

    2013-03-01

    Britain via the Moyle interconnector amounting to almost 4.7% (about 500 MW) of total SEM generation capacity. The all-island market is set to expand interconnections and improve market integration with GB with the operation of the East-West 19... interconnector (500 MW) connecting Ireland with Wales (De Nooij, 2011). Further, the regulatory authorities of France, UK and Ireland (FUI) have proposed to couple the day ahead wholesale electricity markets in these countries by 2014 in line with the EU...

  12. 2007 Wholesale Power Rate Case Final Proposal : Market Price Forecast Study.

    SciTech Connect (OSTI)

    United States. Bonneville Power Administration.

    2006-07-01

    This study presents BPA's market price forecasts for the Final Proposal, which are based on AURORA modeling. AURORA calculates the variable cost of the marginal resource in a competitively priced energy market. In competitive market pricing, the marginal cost of production is equivalent to the market-clearing price. Market-clearing prices are important factors for informing BPA's power rates. AURORA was used as the primary tool for (a) estimating the forward price for the IOU REP Settlement benefits calculation for fiscal years (FY) 2008 and 2009, (b) estimating the uncertainty surrounding DSI payments and IOU REP Settlements benefits, (c) informing the secondary revenue forecast and (d) providing a price input used for the risk analysis. For information about the calculation of the secondary revenues, uncertainty regarding the IOU REP Settlement benefits and DSI payment uncertainty, and the risk run, see Risk Analysis Study WP-07-FS-BPA-04.

  13. Inefficiencies and Market Power in Financial Arbitrage: A Study of California’s Electricity Markets

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, James; Wolfram, Catherine D

    2006-01-01

    California electricity market, too few participants learnedof California’s Electricity Markets,” Center for the Studyof the New York Electricity Market,” mimeo, UC Berkeley. [

  14. Inefficiencies and Market Power in Financial Arbitrage: A Study of California's Electricity Markets

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, James; Knittel, Christopher R.; Wolfram, Catherine

    2004-01-01

    of the New York Electricity Market,” mimeo, UC Berkeley. [of California’s Electricity Markets Severin Borenstein,of California’s Electricity Markets Severin Borenstein,

  15. Applications of Nash Equilibria In Electricity Markets

    E-Print Network [OSTI]

    Lavaei, Javad

    in the stack, while high price offers are promising during peak demand. The electricity price is thereforeApplications of Nash Equilibria In Electricity Markets Term Paper Seminar Electrical Power Networks Energy #12;1. Introduction Liberalized electricity markets challenge their participants in multiple ways

  16. Economic Consequences of Alternative Solution Methods for Centralized Unit Commitment in Day-Ahead Electricity Markets

    E-Print Network [OSTI]

    Sioshansi, Ramteen; O'Neill, Richard; Oren, Shmuel S

    2008-01-01

    commitment in competitive electricity markets,” Util. Pol. ,of market design,” in Electricity Market Reform: Anrestructured competitive electricity markets. and variable

  17. Leigh Tesfatsion Professor of Econ, Math, and Electrical and Comp. Engineering

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    (CAISO) #12;6 FERC Wholesale Power Market Design Adopters to Date http://www.ferc.gov/industries/electric/indus-act/rto/rto-map

  18. Modeling of GE Appliances: Cost Benefit Study of Smart Appliances in Wholesale Energy, Frequency Regulation, and Spinning Reserve Markets

    SciTech Connect (OSTI)

    Fuller, Jason C.; Parker, Graham B.

    2012-12-31

    This report is the second in a series of three reports describing the potential of GE’s DR-enabled appliances to provide benefits to the utility grid. The first report described the modeling methodology used to represent the GE appliances in the GridLAB-D simulation environment and the estimated potential for peak demand reduction at various deployment levels. The third report will explore the technical capability of aggregated group actions to positively impact grid stability, including frequency and voltage regulation and spinning reserves, and the impacts on distribution feeder voltage regulation, including mitigation of fluctuations caused by high penetration of photovoltaic distributed generation. In this report, a series of analytical methods were presented to estimate the potential cost benefit of smart appliances while utilizing demand response. Previous work estimated the potential technical benefit (i.e., peak reduction) of smart appliances, while this report focuses on the monetary value of that participation. The effects on wholesale energy cost and possible additional revenue available by participating in frequency regulation and spinning reserve markets were explored.

  19. A review of the monitoring of market power : the possible roles of TSOs in monitoring for market power issues in congested transmission systems

    E-Print Network [OSTI]

    Twomey, Paul

    2005-01-01

    The paper surveys the literature and publicly available information on market power monitoring in electricity wholesale markets. After briefly reviewing definitions, strategies and methods of mitigating market power we ...

  20. Electricity Bill Savings from Residential Photovoltaic Systems: Sensitivities to Changes in Future Electricity Market Conditions

    E-Print Network [OSTI]

    Darghouth, Naim

    2014-01-01

    adequacy in competitive electricity markets. Electricityadequacy in the competitive electricity market environment.payments in imperfect electricity markets: Need and design.

  1. CSEM WP 124 Capacity Markets for Electricity

    E-Print Network [OSTI]

    California at Berkeley. University of

    CSEM WP 124 Capacity Markets for Electricity Anna Creti, LEEERNA, University of Toulouse for Electricity Anna Creti LEEERNA, University of Toulouse Natalia Fabra Universidad Carlos III de Madrid February 2004 Abstract The creation of electricity markets has raised the fundamental question as to whether

  2. ISSN 1745-9648 Bulgarian Electricity Market

    E-Print Network [OSTI]

    Feigon, Brooke

    ISSN 1745-9648 Bulgarian Electricity Market Restructuring by Peter Ganev Institute for Market Economics, Bulgaria CCP Working Paper 08-8 Abstract: The electric power system of the Republic of Bulgaria is part of the united system of mainland Europe (UCTE) composed of the electric power systems of 23

  3. Demand response in adjustment markets for electricity

    E-Print Network [OSTI]

    : electricity consumption, adjustment market, demand response, information asymmetry JEL codes: D11, D21, Q41 in the consumption of electric energy by retail customers from their expected consumption inDemand response in adjustment markets for electricity Claude Crampes and Thomas-Olivier Léautier

  4. Pricing and Firm Conduct in California's Deregulated Electricity Market

    E-Print Network [OSTI]

    California at Berkeley. University of

    and fall 2000. The incumbent utilities were required to purchase power at high wholesale prices and to sell, the organized market broke down, and the state government was required to step in to purchase power. Market of the Program on Workable Energy Regulation (POWER). POWER is a program of the University of California Energy

  5. Investment Efficiency in Competitive Electricity Markets With and Without Time-Varying Retail Prices

    E-Print Network [OSTI]

    Borenstein, Severin; Holland, Stephen P.

    2002-01-01

    homogeneous product in the retail market, and would face noin wholesale and retail markets Equilibrium prices in thec) = r. In the ?at-rate retail market, however, there is now

  6. Open Transmission and Spot Markets for Power: Models of Power and Transmission Pricing on the Western Network

    E-Print Network [OSTI]

    White, Douglas R.

    of an efficient and stable wholesale power market. If the retail market were to achieve a comparable efficiencyMBS 97-07 Open Transmission and Spot Markets for Power: Models of Power and Transmission Pricing markets for electric power by requiring utilities to open their transmission systems to wholesale power

  7. Why do we need electricity retailers?; or, can you get it cheaper wholesale?

    E-Print Network [OSTI]

    Joskow, Paul L.

    2000-01-01

    The opportunities for retail electricity competition to provide new value-added services to retail electricity consumers are discussed. The physical attributes of electricity supply make many of the traditional "convenience ...

  8. Market Power in the England and Wales Wholesale Electricity Market 1995-2000

    E-Print Network [OSTI]

    Sweeting, Andrew

    2006-03-14

    submitted a set of price bids for each generating unit each day together with the unit’s available capacity in 48 half-hour periods. The System Operator (National Grid Company (NGC)) used these bids and a price-inelastic demand forecast to schedule... and Bushnell (1999) for California). I test whether the bids of the largest generators, National Power (NP) and PowerGen (PG), were consistent with the static Nash equilibrium behavioral assumption that each generator chose its strategy (bids) to maximize its...

  9. Market Evolution: Wholesale Electricity Market Design for 21st Century Power Systems

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantityBonneville Power Administration would likeUniverseIMPACTThousandReport)PriceHistoricEnergyApril 25,4MarioMark D.Mark

  10. Market Power and Efficiency in a Computational Electricity Market With Discriminatory Double-Auction Pricing

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    electricity market operating in the short run under systematically varied concentration and capacity1 Market Power and Efficiency in a Computational Electricity Market With Discriminatory Double market, restructuring, repeated double auction, market power, efficiency, concentration, capacity

  11. Reactive Power Support Services in Electricity Markets

    E-Print Network [OSTI]

    Reactive Power Support Services in Electricity Markets Costing and Pricing of Ancillary Services Reactive Power Support Services in Electricity Markets Costing and Pricing of Ancillary Services Project and Pricing of Ancillary Services." The project title reflects the original proposal that was prepared

  12. Economic Consequences of Alternative Solution Methods for Centralized Unit Commitment in Day-Ahead Electricity Markets

    E-Print Network [OSTI]

    Sioshansi, Ramteen; O'Neill, Richard; Oren, Shmuel S

    2008-01-01

    in competitive electricity markets,” Util. Pol. , vol. 6,design,” in Electricity Market Reform: An Internationalrestructured competitive electricity markets. and variable

  13. Power marketing and renewable energy

    SciTech Connect (OSTI)

    Fang, J.M.

    1997-09-01

    Power marketing refers to wholesale and retail transactions of electric power made by companies other than public power entities and the regulated utilities that own the generation and distribution lines. The growth in power marketing has been a major development in the electric power industry during the last few years, and power marketers are expected to realize even more market opportunities as electric industry deregulation proceeds from wholesale competition to retail competition. This Topical Issues Brief examines the nature of the power marketing business and its relationship with renewable power. The information presented is based on interviews conducted with nine power marketing companies, which accounted for almost 54% of total power sales by power marketers in 1995. These interviews provided information on various viewpoints of power marketers, their experience with renewables, and their respective outlooks for including renewables in their resource portfolios. Some basic differences exist between wholesale and retail competition that should be recognized when discussing power marketing and renewable power. At the wholesale level, the majority of power marketers stress the commodity nature of electricity. The primary criteria for developing resource portfolios are the same as those of their wholesale customers: the cost and reliability of power supplies. At the retail level, electricity may be viewed as a product that includes value-added characteristics or services determined by customer preferences.

  14. A demand responsive bidding mechanism with price elasticity matrix in wholesale electricity pools

    E-Print Network [OSTI]

    Wang, Jiankang, Ph. D. Massachusetts Institute of Technology

    2009-01-01

    In the past several decades, many demand-side participation features have been applied in the electricity power systems. These features, such as distributed generation, on-site storage and demand response, add uncertainties ...

  15. Essays on electricity market reforms: a cross-country applied approach

    E-Print Network [OSTI]

    Erdogdu, Erkan

    2013-06-11

    or national monopolies but they have been put under regulation by an independent regulator. Other common elements of the reforms include the introduction of wholesale and spot power markets, the establishment of impartial market and system operators...

  16. The Supply Function Equilibrium and its Policy Implications for Wholesale Electricity Auctions

    E-Print Network [OSTI]

    Holmberg, P.; Newbery, David

    delivery price. In most cases the contracts are ?nancial, so no physical transaction takes place. Forward contracts are normally traded over the counter, and futures contracts on power exchanges. 2 The supply function equilibrium The supply function... take a while before each producer has ?gured out its best o¤er strategy given the residual demand it faces. This learning is facilitated in markets that disclose individual or aggregated o¤er curves to the auction, such as the Amsterdam Power Exchange...

  17. Rethinking Real Time Electricity Pricing

    E-Print Network [OSTI]

    Allcott, Hunt

    Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. This paper evaluates the .rst program to expose residential consumers to hourly ...

  18. Electricity market module: Electricity capacity planning submodule

    SciTech Connect (OSTI)

    NONE

    1996-06-01

    The purpose of this report is to describe modifications to the Electricity Capacity Planning Submodule (ECP) for the Annual Energy Outlook 1996. It describes revisions to enhance the representation of planned maintenance, incorporate technological improvements in operating efficiencies, revise the algorithm for determining international firm power imports, and include risk premiums for new plant construction.

  19. Topics in Electricity Market Design

    E-Print Network [OSTI]

    Li, Ruoyang

    2014-01-01

    uplift costs account for cost socialization. CB in Two-Settlement Electricityuplift costs account for cost socialization. CHAPTER 1. OVERVIEW OF ELECTRICITY

  20. Model documentation: Electricity Market Module, Electricity Fuel Dispatch Submodule

    SciTech Connect (OSTI)

    Not Available

    1994-04-08

    This report documents the objectives, analytical approach and development of the National Energy Modeling System Electricity Fuel Dispatch Submodule (EFD), a submodule of the Electricity Market Module (EMM). The report catalogues and describes the model assumptions, computational methodology, parameter estimation techniques, model source code, and forecast results generated through the synthesis and scenario development based on these components.

  1. Dynamics of Electricity Markets with Unknown Utility Functions: An Extremum Seeking Control Approach

    E-Print Network [OSTI]

    Ma, Kai; Hu, Guoqiang; Spanos, Costas J

    2014-01-01

    of demand response in electricity markets,” Electric Powerthe dynamics of electricity markets with unknown utilityvolatility in the electricity markets and consider more

  2. Bringing Electric Cars to Market

    E-Print Network [OSTI]

    Sperling, Daniel

    1995-01-01

    as promising alterna- tives to cars driven by internalnot only battery-powered cars, whose ultimate role may beElectric 1 QQ5). Studies, Cars" in In response to these

  3. Identification of Market Power in Large-Scale Electric Energy Markets Bernard C. Lesieutre

    E-Print Network [OSTI]

    Identification of Market Power in Large-Scale Electric Energy Markets Bernard C. Lesieutre Hyung and competitive operation of centrally- dispatched electricity markets. Traditional measures for market power demand and reserve requirements, a centrally-dispatched electricity market provides a transparent

  4. A Unifying Market Power Measure for Deregulated Transmission-Constrained Electricity Markets

    E-Print Network [OSTI]

    Mohsenian-Rad, Hamed

    markets, electricity cannot be stored cheaply; therefore generators have signif- icant short-run capacity1 A Unifying Market Power Measure for Deregulated Transmission-Constrained Electricity Markets concern when designing a deregulated electricity market. In this paper, we propose a new functional market

  5. Uncertainties in the Value of Bill Savings from Behind-the-Meter, Residential Photovoltaic Systems: The Roles of Electricity Market Conditions, Retail Rate Design, and Net Metering

    E-Print Network [OSTI]

    Darghouth, Naim Richard

    2013-01-01

    exercise market power (Borenstein, 2011). With static retailpower, interact with wholesale markets. Section 1.1.2 presents underlying motivations for retail

  6. An Overview of the Operation of Ontario's Electricity Market

    E-Print Network [OSTI]

    Cañizares, Claudio A.

    1 An Overview of the Operation of Ontario's Electricity Market H. Zareipour, Student Member, IEEE electricity market, which opened on May 1, 2002, consists of physical markets for energy and operat- ing reserves as well as a financial market for transmission rights, administered by the Independent Electricity

  7. Hedging and Vertical Integration in Electricity Markets Gilles Chemla

    E-Print Network [OSTI]

    Touzi, Nizar

    Hedging and Vertical Integration in Electricity Markets Ren´e A¨id Gilles Chemla Arnaud Porchet) spot, retail, and forward markets and vertical integration in electricity markets. We develop risk averse. We illustrate our analysis with data from the French electricity market. We would like

  8. Efficiency Impact of Convergence Bidding on the California Electricity Market

    E-Print Network [OSTI]

    Oren, Shmuel S.

    Efficiency Impact of Convergence Bidding on the California Electricity Market Ruoyang Li · Alva J is a financial mechanism that allows market participants, including electricity suppliers, consumers and virtual]. We analyze mar- ket data in the CAISO electric power markets, and empirically test for market

  9. Abstract--We consider the management of electric vehicle (EV) loads within a market-based Electric Power System

    E-Print Network [OSTI]

    Caramanis, Michael

    battery charging while engaging in energy and reserve capacity transactions in the wholesale power market the framework that we assume to be in place. In contrast we do not go through the details of the retail market day-ahead and real-time power market framework similar to that used in the major USA power pools (PJM

  10. Commitment of Electric Power Generators under Stochastic Market Prices

    E-Print Network [OSTI]

    Mazumdar, Mainak

    that when an electric power producer has the option of trading electricity at market prices, an optimal unitCommitment of Electric Power Generators under Stochastic Market Prices Jorge Valenzuela 1 November 2001 1 Corresponding author. #12;1 Commitment of Electric Power Generators under Stochastic Market

  11. Market and Policy Barriers for Demand Response Providing Ancillary Services in U.S. Markets

    E-Print Network [OSTI]

    Cappers, Peter

    2014-01-01

    Wholesale Electricity Demand Response Program Comparison,J. (2009) Open Automated Demand Response Communicationsin Demand Response for Wholesale Ancillary Services.

  12. Model documentation: Electricity Market Module, Electricity Capacity Planning submodule

    SciTech Connect (OSTI)

    Not Available

    1994-04-07

    The National Energy Modeling System (NEMS) is a computer modeling system developed by the Energy Information Administration (EIA). The NEMS produces integrated forecasts for energy markets in the United States by achieving a general equilibrium solution for energy supply and demand. Currently, for each year during the period from 1990 through 2010, the NEMS describes energy supply, conversion, consumption, and pricing. The Electricity Market Module (EMM) is the electricity supply component of the National Energy Modeling System (NEMS). The supply of electricity is a conversion activity since electricity is produced from other energy sources (e.g., fossil, nuclear, and renewable). The EMM represents the generation, transmission, and pricing of electricity. The EMM consists of four main submodules: Electricity Capacity Planning (ECP), Electricity Fuel Dispatching (EFD), Electricity Finance and Pricing (EFP), and Load and Demand-Side Management (LDSM). The ECP evaluates changes in the mix of generating capacity that are necessary to meet future demands for electricity and comply with environmental regulations. The EFD represents dispatching (i.e., operating) decisions and determines how to allocate available capacity to meet the current demand for electricity. Using investment expenditures from the ECP and operating costs from the EFD, the EFP calculates the price of electricity, accounting for state-level regulations involving the allocation of costs. The LDSM translates annual demands for electricity into distributions that describe hourly, seasonal, and time-of-day variations. These distributions are used by the EFD and the ECP to determine the quantity and types of generating capacity that are required to insure reliable and economical supplies of electricity. The EMM also represents nonutility suppliers and interregional and international transmission and trade. These activities are included in the EFD and the ECP.

  13. Market Power in California Electricity Markets Severin Borenstein, James Bushnell, Edward Kahn, and

    E-Print Network [OSTI]

    California at Berkeley. University of

    PWP-036 Market Power in California Electricity Markets Severin Borenstein, James Bushnell, Edward;Market Power in California Electricity Markets Severin Borenstein, James Bushnell, Edward Kahn and Steven Abstract As the electricity industry in California undergoes a process of fundamental restructuring

  14. A Unifying Approach to Assessing Market Power in Deregulated Electricity Markets

    E-Print Network [OSTI]

    Low, Steven H.

    A Unifying Approach to Assessing Market Power in Deregulated Electricity Markets Chenye Wu1 of Technology, 3University of California, Riverside Abstract--A competitive deregulated electricity market with increasingly active market players is foreseen to be the future of the electricity industry. In such settings

  15. EXPERIMENTAL TESTS OF DEREGULATED MARKETS FOR ELECTRIC POWER: MARKET POWER AND SELF COMMITMENT

    E-Print Network [OSTI]

    EXPERIMENTAL TESTS OF DEREGULATED MARKETS FOR ELECTRIC POWER: MARKET POWER AND SELF COMMITMENT 1 markets for electricity are very different from one another. For example, eastern markets have favored. Executive Summary 1.1 Problems with Deregulation The deregulation of the electricity industry in the U

  16. THE MARKETER AS A COMPETITION AGENT IN THE CHILEAN ELECTRIC MARKET

    E-Print Network [OSTI]

    Catholic University of Chile (Universidad Católica de Chile)

    Contracts. The marketer at distribution level (IEA, 2001; Littlechild, 2004) (also called Retail Marketer oTHE MARKETER AS A COMPETITION AGENT IN THE CHILEAN ELECTRIC MARKET Cristina Lemus, Hugh Rudnick, because the figure of the marketer in the electric sector in the world is relatively new and recent

  17. Electric Market and Utility Operation Terminology (Fact Sheet)

    SciTech Connect (OSTI)

    2011-05-03

    This fact sheet is a list of electric market and utility operation terminology for a series of three electricity fact sheets.

  18. Electric Market and Utility Operation Terminology (Fact Sheet)

    SciTech Connect (OSTI)

    Not Available

    2011-05-01

    This fact sheet is a list of electric market and utility operation terminology for a series of three electricity fact sheets.

  19. Benefits of Demand Response in Electricity Markets and Recommendations...

    Office of Environmental Management (EM)

    incentive payments designed to induce lower electricity use at times of high market prices or when grid reliability is jeopardized. Benefits of Demand Response in Electricity...

  20. Investment Efficiency in Competitive Electricity Markets With and Without Time-Varying Retail Prices

    E-Print Network [OSTI]

    Borenstein, Severin; Holland, Stephen P.

    2002-01-01

    and Demand Response in Electricity Markets, October 2002.Kleit. “Metering in Electricity Markets: Should It Be En-in Competitive Electricity Markets With and Without Time-

  1. On the Efficiency of Competitive Electricity Markets With Time-Invariant Retail Prices

    E-Print Network [OSTI]

    Borenstein, Severin; Holland, Stephen P.

    2003-01-01

    Andrew Kleit, “Metering in Electricity Markets: When is Moreand De- mand Response in Electricity Markets, October 2002.of Competitive Electricity Markets With Time-Invariant

  2. Cap-and-Trade Modeling and Analysis: Congested Electricity Market Equilibrium

    E-Print Network [OSTI]

    Limpaitoon, Tanachai

    2012-01-01

    in Emission Permits Oligopolistic Electricity Markets 3.1Regulation on Congested Electricity Market Equilibrium 2.1in California’s electricity market. Journal of Industrial

  3. Economic Consequences of Alternative Solution Methods for Centralized Unit Commitment in Day-Ahead Electricity Markets

    E-Print Network [OSTI]

    Sioshansi, Ramteen; O'Neill, Richard; Oren, Shmuel S

    2008-01-01

    and the evolution of market design,” in Electricity Marketon aspects of electricity market design and has been aIndex Terms—Electricity market design, power systems eco-

  4. Competition and Reliability in North American Electricity Markets...

    Energy Savers [EERE]

    Publications The Relationship between Competitive Power Markets and Grid Reliability. Blackout 2003: Electric System Working Group Technical Conference - Comments and...

  5. Electricity market equilibrium models: The effect of parametrization

    E-Print Network [OSTI]

    Baldick, Ross

    1 Electricity market equilibrium models: The effect of parametrization Ross Baldick Department-based electricity markets both with and with- out transmission constraints. I will demonstrate constraints. I. Introduction In recent papers discussing electricity markets [1], [2], [3], [4], [5], [6], [7

  6. Plug-In Hybrid Electric Vehicle Market Introduction Study

    E-Print Network [OSTI]

    Pennycook, Steve

    Plug-In Hybrid Electric Vehicle Market Introduction Study SSuummmmaarryy ooff WWoorrkksshhoopp. #12;ORNL/TM-2008/242 Plug-in Hybrid Electric Vehicle Market Introduction Study SUMMARY OF WORKSHOP The Plug-In Hybrid Electric Vehicle (PHEV) Market Introduction Study Workshop was attended by approximately

  7. Mergers in the GB Electricity Market: effects on Retail Charges

    E-Print Network [OSTI]

    Paris-Sud XI, Université de

    Mergers in the GB Electricity Market: effects on Retail Charges N° 2006-08 Mai 2006 Evens SALIES OFCE hal-00972962,version1-3Apr2014 #12;Mergers in the GB Electricity Market: effects on Retail Charges-efficiency as variables relating to price and profitability. The retail electricity market is a case in point, as high

  8. United States of America Electric Energy Market Competition Task Force

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    i United States of America Electric Energy Market Competition Task Force and the Federal Energy and Retail Markets for Electric Energy Docket No. AD05 Act of 2005 requires the Electric Energy Market Competition Task Force to conduct a study and analysis

  9. Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

    E-Print Network [OSTI]

    Kim, Joyce Jihyun

    2013-01-01

    http://eetd.lbl.gov/ea/ems/reports/congress-1252d.pdf. LastThem. U.S. Department of Energy Report to the U.S. Congress.

  10. The Implementation of California AB 32 and its Impact on Wholesale Electricity Markets

    E-Print Network [OSTI]

    Bushnell, Jim B

    2007-01-01

    The problem is that many power purchase arrangements can befrom which they “purchase” power. This kind of tracking “their rights to purchase power from “dirtier” import sources

  11. The Implementation of California AB 32 and its Impact on Wholesale Electricity Markets

    E-Print Network [OSTI]

    Bushnell, Jim B

    2007-01-01

    emissions rates from California power plants is illustratedsources (i.e. power plants) within California would besources (i.e. power plants) within California would be

  12. Price Responsive Demand in New York Wholesale Electricity Market using OpenADR

    E-Print Network [OSTI]

    Kim, Joyce Jihyun

    2013-01-01

    15 Figure 11. Case 1: Potential Energy Supply Costelectricity cost: energy supply charge based predominantlyperiod. The minimum energy supply cost for a given day,

  13. Evolution of Wholesale Electricity Market Design with Increasing Levels of Renewable Generation

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantityBonneville Power Administration would like submitKansasCommunitiesof Energy8) Wigner Home ·theEvenEvidence

  14. The difficult transition to competitive electricity markets in the U.S.

    E-Print Network [OSTI]

    Joskow, Paul L.

    2003-01-01

    This paper provides a comprehensive discussion of the causes and consequences of state and federal initiatives to introduce wholesale and retail competition into the U.S. electricity sector between 1995 and the present. ...

  15. A Unifying Approach to Assessing Market Power in Deregulated Electricity Markets

    E-Print Network [OSTI]

    Mohsenian-Rad, Hamed

    -ante. They are useful for tasks such as market design evaluation, merger analysis, operation planning, as wellA Unifying Approach to Assessing Market Power in Deregulated Electricity Markets Chenye Wu1 of Technology, 3University of California, Riverside Abstract--A competitive deregulated electricity market

  16. Market Power and Efficiency in a Computational Electricity Market With Discriminatory Double-Auction Pricing

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    to household, industry, or commercial users in a retail market. Short-run production efficiency in a wholesal1 Market Power and Efficiency in a Computational Electricity Market With Discriminatory Double electricity market operating in the short run under systematically varied concentration and capacity

  17. An Engineering Approach to Monitoring Market Power in Restructured Markets for Electricity

    E-Print Network [OSTI]

    An Engineering Approach to Monitoring Market Power in Restructured Markets for Electricity C Abstract The high average prices and high volatility of prices in many restructured markets for electricity by resolving the dispatch using the optimal nodal prices as offers with no constraints on capacity. Market

  18. Diagnosing Unilateral Market Power in Electricity Reserves Market

    E-Print Network [OSTI]

    Knittel, Christopher R; Metaxoglou, Konstantinos

    2008-01-01

    the re- sult of a market design, where ideological rhetoricthat emerged from the market design, generated millions ofMarket Equilibria under Alternative Auction Designs,” 2002,

  19. Transmission rights and market power on electric power networks

    E-Print Network [OSTI]

    Joskow, Paul L.

    2000-01-01

    We analyze whether and how the allocation of transmission rights associated with the use of electric power networks affects the behavior of electricity generators and electricity consumers with market power. We consider ...

  20. Carbon pricing, nuclear power and electricity markets

    SciTech Connect (OSTI)

    Cameron, R.; Keppler, J. H. [OECD Nuclear Energy Agency, 12, boulevard des Iles, 92130 Issy-les-Moulineaux (France)

    2012-07-01

    In 2010, the NEA in conjunction with the International Energy Agency produced an analysis of the Projected Costs of Electricity for almost 200 power plants, covering nuclear, fossil fuel and renewable electricity generation. That analysis used lifetime costs to consider the merits of each technology. However, the lifetime cost analysis is less applicable in liberalised markets and does not look specifically at the viewpoint of the private investor. A follow-up NEA assessment of the competitiveness of nuclear energy against coal- and gas-fired generation under carbon pricing has considered just this question. The economic competition in electricity markets is today between nuclear energy and gas-fired power generation, with coal-fired power generation not being competitive as soon as even modest carbon pricing is introduced. Whether nuclear energy or natural gas comes out ahead in their competition depends on a number of assumptions, which, while all entirely reasonable, yield very different outcomes. The analysis in this study has been developed on the basis of daily data from European power markets over the last five-year period. Three different methodologies, a Profit Analysis looking at historic returns over the past five years, an Investment Analysis projecting the conditions of the past five years over the lifetime of plants and a Carbon Tax Analysis (differentiating the Investment Analysis for different carbon prices) look at the issue of competitiveness from different angles. They show that the competitiveness of nuclear energy depends on a number of variables which in different configurations determine whether electricity produced from nuclear power or from CCGTs generates higher profits for its investors. These are overnight costs, financing costs, gas prices, carbon prices, profit margins (or mark-ups), the amount of coal with carbon capture and electricity prices. This paper will present the outcomes of the analysis in the context of a liberalised electricity market, looking at the impact of the seven key variables and provide conclusions on the portfolio that a utility would be advised to maintain, given the need to limit risks but also to move to low carbon power generation. Such portfolio diversification would not only limit financial investor risk, but also a number of non-financial risks (climate change, security of supply, accidents). (authors)

  1. Integrated Retail and Wholesale Power System Operation with Smart-Grid Functionality

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    of retail and wholesale power markets operating over transmission and distribution networks with smart is the integrated study of retail and wholesale power markets operating over transmis- sion and distribution grids1 Integrated Retail and Wholesale Power System Operation with Smart-Grid Functionality Dionysios

  2. Turkey opens electricity markets as demand grows

    SciTech Connect (OSTI)

    McKeigue, J.; Da Cunha, A.; Severino, D. [Global Business Reports (United States)

    2009-06-15

    Turkey's growing power market has attracted investors and project developers for over a decade, yet their plans have been dashed by unexpected political or financial crises or, worse, obstructed by a lengthy bureaucratic approval process. Now, with a more transparent retail electricity market, government regulators and investors are bullish on Turkey. Is Turkey ready to turn the power on? This report closely examine Turkey's plans to create a power infrastructure capable of providing the reliable electricity supplies necessary for sustained economic growth. It was compiled with on-the-ground research and extensive interview with key industrial and political figures. Today, hard coal and lignite account for 21% of Turkey's electricity generation and gas-fired plants account for 50%. The Alfin Elbistan-B lignite-fired plant has attracted criticism for its lack of desulfurization units and ash dam facilities that have tarnished the industry's image. A 1,100 MW hard-coal fired plant using supercritical technology is under construction. 9 figs., 1 tab.

  3. Charges, Costs and Market Power in the Deregulated UK Electricity Retail Market

    E-Print Network [OSTI]

    Feigon, Brooke

    Charges, Costs and Market Power in the Deregulated UK Electricity Retail Market by Evens Salies by competitive forces in unregulated residential energy markets. We assess the competitiveness of the market methods and consumption levels. We also identify any additional market power of incumbency and the effect

  4. Configuring load as a resource for competitive electricity markets--Review of demand response programs in the U.S. and around the world

    SciTech Connect (OSTI)

    Heffner, Grayson C.

    2002-09-01

    The restructuring of regional and national electricity markets in the U.S. and around the world has been accompanied by numerous problems, including generation capacity shortages, transmission congestion, wholesale price volatility, and reduced system reliability. These problems have created new opportunities for technologies and business approaches that allow load serving entities and other aggregators to control and manage the load patterns of wholesale and retail end-users they serve. Demand Response Programs, once called Load Management, have re-emerged as an important element in the fine-tuning of newly restructured electricity markets. During the summers of 1999 and 2001 they played a vital role in stabilizing wholesale markets and providing a hedge against generation shortfalls throughout the U.S.A. Demand Response Programs include ''traditional'' capacity reservation and interruptible/curtailable rates programs as well as voluntary demand bidding programs offered by either Load Serving Entities (LSEs) or regional Independent System Operators (ISOs). The Lawrence Berkeley National Lab (LBNL) has been monitoring the development of new types of Demand Response Programs both in the U.S. and around the world. This paper provides a survey and overview of the technologies and program designs that make up these emerging and important new programs.

  5. Electric trade in the United States 1994

    SciTech Connect (OSTI)

    1998-08-01

    Wholesale trade in electricity plays an important role for the US electric utility industry. Wholesale, or bulk power, transactions allow electric utilities to reduce power costs, increase power supply options, and improve reliability. In 1994, the wholesale trade market totaled 1.9 trillion kilowatthours, about 66% of total sales to ultimate consumers. This publication, Electric Trade in the United States 1994 (ELECTRA), is the fifth in a series of reports on wholesale power transactions prepared by the Office of Coal, Nuclear, Electric and Alternate Fuels, Energy Information Administration (EIA). The electric trade data are published biennially. The first report presented 1986 data, and this report provides information on the electric power industry during 1994.

  6. Privacy Preserving Smart Metering System Based Retail Level Electricity Market

    E-Print Network [OSTI]

    Franchetti, Franz

    1 Privacy Preserving Smart Metering System Based Retail Level Electricity Market Cory Thoma, Tao technologies which includes load management and retail level electricity market support. Index Terms as the various market functionalities also pose great risks to customer privacy. In this work we propose a secure

  7. Outline Introduction Literature Review Electric Power Supply Chains Empirical Examples Conclusions An Integrated Electric Power Supply Chain and Fuel

    E-Print Network [OSTI]

    Nagurney, Anna

    An Integrated Electric Power Supply Chain and Fuel Market Network Framework: Theoretical Modeling with Empirical review An integrated electric power supply chain and fuel market network framework Empirical case study primary energy (Energy Information Administration (2000, 2005)) Deregulation Wholesale market Bilateral

  8. Electric trade in the United States, 1996

    SciTech Connect (OSTI)

    1998-12-01

    Wholesale trade in electricity plays an important role for the US electric utility industry. Wholesale, or bulk power, transactions allow electric utilities to reduce power costs, increase power supply options, and improve reliability. In 1996, the wholesale trade market totaled 2.3 trillion kilowatthours, over 73% of total sales to ultimate consumers. This publication, Electric Trade in the United States 1996 (ELECTRA), is the sixth in a series of reports on wholesale power transactions prepared by the Office of Coal, Nuclear, Electric and Alternate Fuels, Energy Information Administration (EIA). The electric trade data are published biennially. The first report presented 1986 data, and this report provides information on the electric power industry during 1996. The electric trade data collected and presented in this report furnish important information on the wholesale structure found within the US electric power industry. The patterns of interutility trade in the report support analyses of wholesale power transactions and provide input for a broader understanding of bulk power market issues that define the emerging national electric energy policies. The report includes information on the quantity of power purchased, sold, exchanged, and wheeled; the geographical locations of transactions and ownership classes involved; and the revenues and costs. 1 fig., 43 tabs.

  9. CSEM WP 117 Vertical Integration in Restructured Electricity Markets

    E-Print Network [OSTI]

    California at Berkeley. University of

    to buy in the market in order to provide power to their retail customers at set rates. Second, I accountCSEM WP 117 Vertical Integration in Restructured Electricity Markets: Measuring Market Efficiency Markets (CSEM) Working Paper Series. CSEM is a program of the University of California Energy Institute

  10. Chapter 4. Participating in Markets for Electrical Energy

    E-Print Network [OSTI]

    Ernst, Damien

    the basic principles of electricity markets. Now: we discuss the decisions that generators, consumers: (I) What is the power that should be generated by the unit to maximize profit if electricity canChapter 4. Participating in Markets for Electrical Energy 1 #12;Previously: we have discussed

  11. Modelling the Electricity Market: from Equilibrium Models to Simulation

    E-Print Network [OSTI]

    Lavaei, Javad

    Modelling the Electricity Market: from Equilibrium Models to Simulation Yoann Poirier Abstract - This paper aims at providing an overview of the different models used in order to describe the Electricity the Electricity Market: Cournot Equilibrium, Bertrand Equilibrium and Supply Function Equilibrium. I will make

  12. Transmission investment and expansion planning in a restructured electricity market

    E-Print Network [OSTI]

    Leung, Ka-Cheong

    Transmission investment and expansion planning in a restructured electricity market F.F Wua,b , F.L. Zhengb,c , F.S. Wena,b, * a Center for Electrical Energy Systems, University of Hong Kong, Pokfulam Road, Guangzhou, 510640, China Abstract Transmission planning in a restructured electricity market becomes

  13. Managing electricity reliability risk through the futures markets

    SciTech Connect (OSTI)

    Siddiqui, Afzal S.

    2000-10-01

    In competitive electricity markets, the vertically integrated utilities that were responsible for ensuring system reliability in their own service territories, or groups of territories, often cease to exist. Typically, the burden falls to an independent system operator (ISO) to insure that enough ancillary services (AS) are available for safe, stable, and reliable operation of the grid, typically defined, in part, as compliance with officially approved engineering specifications for minimum levels of AS. In order to characterize the behavior of market participants (generators, retailers, and an ISO) in a competitive electricity market with reliability requirements, we model a spot market for electricity and futures markets for both electricity and AS. By assuming that each participant seeks to maximize its expected utility of wealth and that all markets clear, we solve for the optional quantities of electricity and AS traded in each market by all participants, as well as the corresponding market-clearing prices. We show that future prices for both electricity and AS depend on expectations of the spot price, statistical aspects of system demand, and production cost parameters. More important, our model captures the fact that electricity and AS are substitute products for the generators, implying that anticipated changes in the spot market will affect the equilibrium futures positions of both electricity and AS. We apply our model to the California electricity and AS markets to test its viability.

  14. Micro-economic Analysis of the Physical Constrained Markets: Game Theory Application to Competitive Electricity Markets

    E-Print Network [OSTI]

    Bompard, E; Ragazzi, E; Bompard, Ettore; Ma, Yuchao; Ragazzi, Elena

    2006-01-01

    Competition has been introduced in the electricity markets with the goal of reducing prices and improving efficiency. The basic idea which stays behind this choice is that, in competitive markets, a greater quantity of the good is exchanged at a lower and a lower price, leading to higher market efficiency. Electricity markets are pretty different from other commodities mainly due to the physical constraints related to the network structure that may impact the market performance. The network structure of the system on which the economic transactions need to be undertaken poses strict physical and operational constraints. Strategic interactions among producers that game the market with the objective of maximizing their producer surplus must be taken into account when modeling competitive electricity markets. The physical constraints, specific of the electricity markets, provide additional opportunity of gaming to the market players. Game theory provides a tool to model such a context. This paper discussed the a...

  15. Efficiency and Environmental Impacts of Electricity Restructuring on Coal-fired Power Plants

    E-Print Network [OSTI]

    WITHOUT PERMISSION Abstract We investigate the impacts of electricity market restructuring on fuel-plants reallocation of electricity generation, restructuring appears to have on average lower capacity factors, to competitive wholesale electricity markets. Here independent generators would sell their electricity to buyers

  16. Interdependencies of Electricity Markets with Gas Markets A Case Study of Transmission System Operators

    E-Print Network [OSTI]

    Dixon, Juan

    ISO-NE PJM Chile Chile Chile USA USA SUMMARY Electricity Energy markets do not operate in isolation1 Interdependencies of Electricity Markets with Gas Markets ­ A Case Study of Transmission System USA Brazil Canada Columbia S. Mocarquer, R. Moreno, H. Rudnick, P. Wong, A. DiCaprio Systep Systep PUC

  17. Allocating Transmission to Mitigate Market Power in Electricity Markets

    E-Print Network [OSTI]

    Gilbert, Richard; Neuhoff, Karsten; Newberry, David

    2002-01-01

    A. In Europe most electricity transmission auctions areare possible on every electricity transmission link in thepassive transmission rights in congested electricity systems

  18. Optimization Online - Convex Hull Pricing in Electricity Markets ...

    E-Print Network [OSTI]

    Dane Schiro

    2015-03-19

    Mar 19, 2015 ... Convex Hull Pricing in Electricity Markets: Formulation, Analysis, and ... Citation: ISO New England, Holyoke, MA 01040 USA (March 2015).

  19. A Game-Theoretical Dynamic Model for Electricity Markets

    E-Print Network [OSTI]

    Oct 6, 2010 ... Abstract: We present a game-theoretical dynamic model for competitive electricity markets.We demonstrate that the model can be used to ...

  20. The electric power industry : deregulation and market structure

    E-Print Network [OSTI]

    Thomson, Robert George

    1995-01-01

    The US electricity industry currently consists of vertically integrated regional utilities welding monopolistic power over their own geographic markets under the supervision of state and federally appointed regulators. ...

  1. Electric Markets Technical Assistance Program: FY2001 Grant Descriptio...

    Energy Savers [EERE]

    Descriptions and Contact Information Electric Markets Technical Assistance Program: FY2001 Grant Descriptions and Contact Information Grant descriptions and contact information...

  2. Demand Response in U.S. Electricity Markets: Empirical Evidence

    E-Print Network [OSTI]

    Cappers, Peter

    2009-01-01

    Reliability Corporation. Demand response data task force:Energy. Benefits of demand response in electricity marketsAssessment of demand response & advanced metering, staff

  3. Essays in Competition and Investment in Electricity Market 

    E-Print Network [OSTI]

    Tang, Xin

    2014-11-07

    Many jurisdiction has opened retail electricity markets to competition. In Texas, retailers offer hundreds of electricity plans with different prices. The first paper uses search cost and product differentiation to explain the price dispersion using...

  4. Optimising Market Share and Profit Margin: SMDP-based Tariff Pricing under the Smart Grid

    E-Print Network [OSTI]

    Chli, Maria

    market dynamisms.1 Power TAC simulates an open and competitive electricity wholesale and retail market market, an energy retailer aims to simultaneously increase the number of contracted customers and its the competition, AstonTAC was the only retailer agent performing well across all retail market settings. I

  5. Dynamic pricing and stabilization of supply and demand in modern electric power grids

    E-Print Network [OSTI]

    Roozbehani, Mardavij

    The paper proposes a mechanism for real-time pricing of electricity in smart power grids, with price stability as the primary concern. In previous publications the authors argued that relaying the real-time wholesale market ...

  6. Charges, Costs and Market Power: the Deregulated UK Electricity Retail Market

    E-Print Network [OSTI]

    Boyer, Edmond

    1 Charges, Costs and Market Power: the Deregulated UK Electricity Retail Market Evens Salies market was opened for the first time in 1999, introducing choice of supplier, and about 40% of households this process and assess the competitiveness of the market by examining how the charges levied by suppliers

  7. The Impact of Imperfect Permit Market on Congested Electricity Market Equilibrium

    E-Print Network [OSTI]

    Oren, Shmuel S.

    The Impact of Imperfect Permit Market on Congested Electricity Market Equilibrium Tanachai Limpaitoon, Yihsu Chen, Shmuel S. Oren The impact and efficacy of a cap-and-trade regulation on electric, and strategic behavior of generation firms. This paper develops an equilibrium model of an oligopoly electricity

  8. TWO-SETTLEMENT SYSTEMS FOR ELECTRICITY MARKETS: ZONAL AGGREGATION UNDER NETWORK UNCERTAINTY AND MARKET POWER

    E-Print Network [OSTI]

    TWO-SETTLEMENT SYSTEMS FOR ELECTRICITY MARKETS: ZONAL AGGREGATION UNDER NETWORK UNCERTAINTY}@ieor.berkeley.edu Abstract We analyze welfare properties of two-settlement systems for electricity in the presence of network designs adopted or proposed for many electricity markets around the world. In particular, we examine

  9. First evidence of asymmetric cost pass-through of Eu emissions allowances : examining wholesale electricity prices in Germany

    E-Print Network [OSTI]

    Zachmann, Georg

    2007-01-01

    This paper applies the literature on asymmetric price transmission to the emerging commodity market for EU emissions allowances (EUA). We utilize an error correction model and an autoregressive distributed lag model to ...

  10. Fundamental Drivers of Pacific Northwest Power Markets

    E-Print Network [OSTI]

    , utilities, power marketers, investors, and others on wholesale electricity and natural gas markets. Experts Load Transmission Thermal Hydro Wind (2005) #12;Natural Gas Capacity 6 5,000 MW of Natural Gas;Natural Gas Power Plant Production is Significantly Down 2010 to 2012 13 #12;Mid C Peak Heat Rates 14

  11. Diagnosing Unilateral Market Power in Electricity Reserves Market

    E-Print Network [OSTI]

    Knittel, Christopher R; Metaxoglou, Konstantinos

    2008-01-01

    Power, LLC DETM Duke Energy Trading and Marketing, LLC ECH1KET3 Entergy-Koch Energy Trading, Inc. LDWP Los AngelesMarketing, LP SETC Sempra Energy Trading Company SRP1 Salt

  12. Diagnosing Unilateral Market Power in Electricity Reserves Market

    E-Print Network [OSTI]

    Knittel, Christopher R; Metaxoglou, Konstantinos

    2008-01-01

    Azusa BPA1 Bonneville Power Administration CDWR CaliforniaBonneville (BPA1) is one of the four power marketing administrations

  13. Vertical Integration in Restructured Electricity Markets: Measuring Market Efficiency and Firm Conduct

    E-Print Network [OSTI]

    Mansur, Erin T.

    2003-01-01

    California electricity market, BBW use a Monte Carlo simulation to account for the convex relationship between the uncertain availability of power plants

  14. A FRAMEWORK FOR ELECTRICITY MARKET MONITORING Teoman Gler

    E-Print Network [OSTI]

    Gross, George

    A FRAMEWORK FOR ELECTRICITY MARKET MONITORING Teoman Güler University of Illinois at Urbana-Champaign Urbana, IL USA tguler@uiuc.edu George Gross University of Illinois at Urbana-Champaign Urbana, IL USA gross@uiuc.edu Abstract ­ The experiences to date with the im- plementation of electricity markets

  15. C. Mensah-Bonsu, S. Oren California Electricity Market Crisis

    E-Print Network [OSTI]

    froze retail rates at low levels and banked on low whole- sale prices to support a profit mar- gin highC. Mensah-Bonsu, S. Oren California Electricity Market Crisis: Causes, Remedies, and Prevention The competitive electric power market of the state of California began operation on 31 March 1998

  16. C. Mensah-Bonsu, S. Oren California Electricity Market Crisis

    E-Print Network [OSTI]

    Oren, Shmuel S.

    to serve remain- ing customers. G California froze retail rates at low levels and banked on low whole- saleC. Mensah-Bonsu, S. Oren California Electricity Market Crisis: Causes, Remedies, and Prevention The competitive electric power market of the state of California began operation on 31 March 1998

  17. Environmental Regulation in Oligopoly Markets: A Study of Electricity Restructuring

    E-Print Network [OSTI]

    California at Berkeley. University of

    PWP-088 Environmental Regulation in Oligopoly Markets: A Study of Electricity Restructuring Erin T Regulation (POWER). POWER is a program of the University of California Energy Institute, a multicampus Regulation in Oligopoly Markets: A Study of Electricity Restructuring Erin T. Mansur April 6, 2004 Abstract

  18. Electricity Internal Market in the European Union: What to do next?

    E-Print Network [OSTI]

    Glachant, Jean-Michel; Lévêque, François

    , which may provide central markets with the means to ensure their functioning, facilitate the entry of new producers, or contribute to security of supply. Finally, retail markets are also an important element of market design4. Retail markets too... by federal bodies, who have no authority over retail markets. It should be noted that those European countries and US states that share a common wholesale market (e.g. the Nord Pool in Europe and PJM in the United States) have not structured their retail...

  19. EIA model documentation: Electricity market module - electricity fuel dispatch

    SciTech Connect (OSTI)

    1997-01-01

    This report documents the National Energy Modeling System Electricity Fuel Dispatch Submodule (EFD), a submodule of the Electricity Market Module (EMM) as it was used for EIA`s Annual Energy Outlook 1997. It replaces previous documentation dated March 1994 and subsequent yearly update revisions. The report catalogues and describes the model assumptions, computational methodology, parameter estimation techniques, model source code, and forecast results generated through the synthesis and scenario development based on these components. This document serves four purposes. First, it is a reference document providing a detailed description of the model for reviewers and potential users of the EFD including energy experts at the Energy Information Administration (EIA), other Federal agencies, state energy agencies, private firms such as utilities and consulting firms, and non-profit groups such as consumer and environmental groups. Second, this report meets the legal requirement of the Energy Information Administration (EIA) to provide adequate documentation in support of its statistical and forecast reports. Third, it facilitates continuity in model development by providing documentation which details model enhancements that were undertaken for AE097 and since the previous documentation. Last, because the major use of the EFD is to develop forecasts, this documentation explains the calculations, major inputs and assumptions which were used to generate the AE097.

  20. Essays on empirical analysis of multi-unit auctions -- impacts of financial transmission rights on the restructured electricity industry 

    E-Print Network [OSTI]

    Zang, Hailing

    2005-11-01

    -price, sealed-bid auctions. The first part of the dissertation studies the auctions on the spot market of the wholesale electricity industry. I derive structural empirical models to test theoretical predictions as to whether bidders fully internalize the effect...

  1. An Agent-Based Test Bed for the Integrated Study of Retail and Wholesale Power System Operations

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    study of retail and wholesale power markets operating over transmission and distribution networks ABM test-bed experiments. 2. PROJECT DESCRIPTION Retail and wholesale power market operationsAn Agent-Based Test Bed for the Integrated Study of Retail and Wholesale Power System Operations D

  2. Wind power forecasting in U.S. electricity markets.

    SciTech Connect (OSTI)

    Botterud, A.; Wang, J.; Miranda, V.; Bessa, R. J.; Decision and Information Sciences; INESC Porto

    2010-04-01

    Wind power forecasting is becoming an important tool in electricity markets, but the use of these forecasts in market operations and among market participants is still at an early stage. The authors discuss the current use of wind power forecasting in U.S. ISO/RTO markets, and offer recommendations for how to make efficient use of the information in state-of-the-art forecasts.

  3. Wind power forecasting in U.S. Electricity markets

    SciTech Connect (OSTI)

    Botterud, Audun; Wang, Jianhui; Miranda, Vladimiro; Bessa, Ricardo J.

    2010-04-15

    Wind power forecasting is becoming an important tool in electricity markets, but the use of these forecasts in market operations and among market participants is still at an early stage. The authors discuss the current use of wind power forecasting in U.S. ISO/RTO markets, and offer recommendations for how to make efficient use of the information in state-of-the-art forecasts. (author)

  4. 504 IEEE TRANSACTIONS ON EVOLUTIONARY COMPUTATION, VOL. 5, NO. 5, OCTOBER 2001 Market Power and Efficiency in a Computational

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    and Efficiency in a Computational Electricity Market With Discriminatory Double-Auction Pricing James Nicolaisen outcomes for a computational wholesale electricity market operating in the short run under systematically varied concentration and capacity conditions. The pricing of electricity is determined by means

  5. Market Technical Analysis for the iMarket Meter Data Management System

    E-Print Network [OSTI]

    Lowe, Patrick

    2005-12-16

    been granted RTO status by FERC. SPP is currently implementing a wholesale electric market for its member utilities and other non-member utilities that plan to sell energy into the SPP market. There are currently ten other established and proposed...

  6. An R & D Agenda to enhance electricity system reliability by increasing customer participation in emerging competitive markets

    E-Print Network [OSTI]

    2000-01-01

    view participation in electricity markets as their primaryin competitive electricity markets will require much morethe competitive electricity market place. Pioneer Promising

  7. Diagnosing Unilateral Market Power in Electricity Reserves Market

    E-Print Network [OSTI]

    Knittel, Christopher R; Metaxoglou, Konstantinos

    2008-01-01

    in the Cal- ifornia Power Exchange Energy Markets: Preparedof the California Power Exchange,” [7] Bolle, F. , “SupplyServices APX1 Automated Power Exchange, Inc. AZUA City of

  8. Diagnosing Unilateral Market Power in Electricity Reserves Market

    E-Print Network [OSTI]

    Knittel, Christopher R; Metaxoglou, Konstantinos

    2008-01-01

    Coral Power, LLC DETM Duke Energy Trading and Marketing, LLCPower Services Company GLEN City of Glendale KET3 Entergy-Koch Energy Trading,Power Exchange (CALPX) SCE1 Southern California Edison SCEM Southern Company Energy Marketing, LP SETC Sempra Energy Trading

  9. Mitigating Market Power in Deregulated Electricity Markets Seth Blumsack1

    E-Print Network [OSTI]

    Blumsack, Seth

    or transmission, will increase costs past the point of efficiency savings from restructuring. Additional University Abstract Conventional measures of market structure used by economists, such as the Herfindahl will likely decrease system operating efficiency. Long-term contracts will not mitigate market power unless

  10. EVALUATING INDIVIDUAL MARKET POWER IN ELECTRICITY MARKETS VIA AGENT-BASED SIMULATION

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    not exert a significant influence on market prices. One, British Energy (BE), was quite a large generator), and Borenstein, Bushnell and Knittel (1999); c) Analysis of market equilibrium, e.g., Green and Newbery (1992 in the England and Wales (E&W) electricity market was achieved by Green and Newbery (1992) using the supply

  11. Ensuring Generation Adequacy in Competitive Electricity Markets

    E-Print Network [OSTI]

    Oren, Shmuel S.

    2003-01-01

    California, equilibrium between the energy and ancillary service market dictates that energy bids are raised by the opportunity cost

  12. Teaching Direct Marketign and Small Farm Viability, 2nd Edition. Unit 2 - Overview of Produce Marketing

    E-Print Network [OSTI]

    2015-01-01

    wholesale or direct-to-retail markets. See more at Unit 7.0,Direct to Retail & Restaurants, Farmers’ Markets, andmarket channels include: produce wholesalers, retail grocery

  13. Diagnosing the California Electricity "Crisis": Lessons for Latin America

    E-Print Network [OSTI]

    Rudnick, Hugh

    in wholesale market exacerbated problems, but was not cause of "crisis" ­ Retail market with active demand1 Diagnosing the California Electricity "Crisis": Lessons for Latin America Frank A. Wolak and after reform · Diagnosing California electricity "crisis" ­ April 1998 to April 2000--Competition works

  14. 2007 Wholesale Power Rate Case Initial Proposal : Revenue Requirement Study.

    SciTech Connect (OSTI)

    United States. Bonneville Power Administration.

    2005-11-01

    The purpose of this Study is to establish the level of revenues from wholesale power rates necessary to recover, in accordance with sound business principles, the Federal Columbia River Power System (FCRPS) costs associated with the production, acquisition, marketing, and conservation of electric power. The generation revenue requirement includes: recovery of the Federal investment in hydro generation, fish and wildlife and conservation costs; Federal agencies' operations and maintenance (O&M) expenses allocated to power; capitalized contract expenses associated with non-Federal power suppliers such as Energy Northwest (EN); other power purchase expenses, such as short-term power purchases; power marketing expenses; cost of transmission services necessary for the sale and delivery of FCRPS power; and all other generation-related costs incurred by the Administrator pursuant to law.

  15. POWER '99 Conference 1 Stochastic Models of Electricity Spot Price

    E-Print Network [OSTI]

    California at Berkeley. University of

    risks in wholesale and retail markets. · Asset valuation, project selection and financing. ­ Divestiture markets. POWER '99 Conference 4 Application (1): Derivative Pricing Examples: Call Option & Spark Spread electricity spot price spot price Power Marketer Transmission cost? COB: PCOB max( , )S K ST PV loss T COB

  16. Wholesale Power Rate Schedules | Department of Energy

    Office of Energy Efficiency and Renewable Energy (EERE) Indexed Site

    Rate Schedules Wholesale Power Rate Schedules Wholesale Power Rate Schedules October 1, 2012 ALA-1-N Wholesale Power Rate Schedule Area: PowerSouth Energy Cooperative System:...

  17. Cap-and-Trade Modeling and Analysis: Congested Electricity Market Equilibrium

    E-Print Network [OSTI]

    Limpaitoon, Tanachai

    2012-01-01

    the California’s electricity transmission and distributionelectricity markets with strategic behavior and transmission.regulation on transmission-constrained electricity market.

  18. Modifications to incorporate competitive electricity prices in the annual energy outlook 1998 - electricity market module

    SciTech Connect (OSTI)

    1998-02-01

    The purpose of this report is to describe modifications to the Electricity Market Module (EMM) for the Annual Energy Outlook 1998. It describes revisions necessary to derive competitive electricity prices and the corresponding reserve margins.

  19. The Role of Electricity Markets and Market Design in Integrating Solar Generation: Solar Integration Series. 2 of 3 (Brochure)

    SciTech Connect (OSTI)

    Solar Energy Technologies Program

    2011-05-03

    The second out of a series of three fact sheets describing the role of electricity markets and market design in integrating solar generation.

  20. Optimal Bidding, Scheduling, and Deployment of Battery Systems in California Day-Ahead Energy Market

    E-Print Network [OSTI]

    Mohsenian-Rad, Hamed

    design factors such as the day-ahead and real-time market prices and their statistical dependency resources. In this scenario, the battery system enters the wholesale electricity market as a supplier during], the optimal operation and market participation of battery systems under this application scenario is yet

  1. Diagnosing and mitigating market power in Chile's electricity industry

    E-Print Network [OSTI]

    Arellano, María Soledad

    2003-01-01

    This paper examines the incentives to exercise market power that generators would face and the different strategies that they would follow if all electricity supplies in Chile were traded in an hourly-unregulated spot ...

  2. Three essays on market power in Chile's electricity industry

    E-Print Network [OSTI]

    Arellano, María Soledad, 1971-

    2003-01-01

    This thesis examines the incentives to exercise market power that generators would face and the different strategies that they would follow if all electricity supplies in Chile were traded in an hourly-unregulated spot ...

  3. Convex Hull Pricing in Electricity Markets: Formulation, Analysis ...

    E-Print Network [OSTI]

    Dane Schiro

    2015-05-01

    May 1, 2015 ... Since a majority of electricity market problems include transmission constraints and ... intervals, a meshed network with transmission constraints, losses, ...... Each current ISO pricing method is flexible in terms of mathematical ...

  4. Modeling EU electricity market competition using the residual supply index

    SciTech Connect (OSTI)

    Swinand, Gregory; Scully, Derek; Ffoulkes, Stuart; Kessler, Brian

    2010-11-15

    An econometric approach to related hourly Residual Supply Index to price-cost margins in the major EU electricity generation markets suggests that market structure, as measured by the RSI, is a significant explanatory factor for markups, even when scarcity and other explanatory variables are included. (author)

  5. Randomized Auction Design for Electricity Markets between Grids and Microgrids

    E-Print Network [OSTI]

    Li, Zongpeng

    Randomized Auction Design for Electricity Markets between Grids and Microgrids Linquan Zhang Dept power markets with grid-to-microgrid and microgrid-to-grid energy sales are studied, with an auction of algorithms General Terms Algorithms, Design, Economics Keywords Power Grid; Microgrids; Unit Commitment

  6. Chapter 5. Transmission networks and electricity markets

    E-Print Network [OSTI]

    Ernst, Damien

    of the world: assumptions that electrical energy can be traded as if all generators were connected to the same for electrical energy. In this lesson: we study the effects that a transmission network has on trading of electrical energy and the special techniques that can be used to hedge against these limitations. 2 #12

  7. Electricity Market DesignElectricity Market Design An Agent-Based ComputationalAn Agent-Based Computational

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    (Halseth, von der Fehr,...); Stanford (Wilson, Wolak,...); ... n Human-Subject Experiments: ­ Cornell: Computational laboratories n Basic Approach: Culture-dish experiments #12;Culture Dish Analogy n Virtual experiments... #12;Economic Research on Electricity Market Design (www

  8. Direct participation of electrical loads in the California independent system operator markets during the Summer of 2000

    SciTech Connect (OSTI)

    Marnay, Chris; Hamachi, Kristina S.; Khavkin, Mark; Siddiqui, Afzal S.

    2001-04-01

    California's restructured electricity markets opened on 1 April 1998. The former investor-owned utilities were functionally divided into generation, transmission, and distribution activities, all of their gas-fired generating capacity was divested, and the retail market was opened to competition. To ensure that small customers shared in the expected benefit of lower prices, the enabling legislation mandated a 10% rate cut for all customers, which was implemented in a simplistic way that fossilized 1996 tariff structures. Rising fuel and environmental compliance costs, together with a reduced ability to import electricity, numerous plant outages, and exercise of market power by generators drove up wholesale electricity prices steeply in 2000, while retail tariffs remained unchanged. One of the distribution/supply companies entered bankruptcy in April 2001, and another was insolvent. During this period, two sets of interruptible load programs were in place, longstanding ones organized as special tariffs by the distribution/supply companies and hastily established ones run directly by the California Independent System Operator (CAISO). The distribution/supply company programs were effective at reducing load during the summer of 2000, but because of the high frequency of outages required by a system on the brink of failure, customer response declined and many left the tariff. The CAISO programs failed to attract enough participation to make a significant difference to the California supply demand imbalance. The poor performance of direct load participation in California's markets reinforces the argument for accurate pricing of electricity as a stimulus to energy efficiency investment and as a constraint on market volatility.

  9. Export demand response in the Ontario electricity market

    SciTech Connect (OSTI)

    Peerbocus, Nash; Melino, Angelo

    2007-11-15

    Export responses to unanticipated price shocks can be a key contributing factor to the rapid mean reversion of electricity prices. The authors use event analysis - a technique more familiar from financial applications - to demonstrate how hourly export transactions respond to negative supply shocks in the Ontario electricity market. (author)

  10. Modeling of Suppliers' Learning Behaviors in an Electricity Market Environment

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    Modeling of Suppliers' Learning Behaviors in an Electricity Market Environment Nanpeng Yu* Chen as a multi-agent system with interacting agents including supplier agents, Load Serving Entities that, with Q-Learning, electricity suppliers are making more profits compared to the scenario without

  11. An Agricultural Market in the Northern Peruvians Andes: Formal/Informal Market Sectors, Method of Transfer, and Trust 

    E-Print Network [OSTI]

    Johnson, James Brent

    2013-05-31

    of Transfer and Trust.............................................................. 81 CHAPTER V WHOLESALE....................................................................................... 88 Yance Street Market, Chachapoyas, Peru................................................................... 88 Wholesaling Potatoes............................................................................................... 91 Wholesale and the State........................................................................................... 94...

  12. Marketing Reordering of the Electric Utility Industry 

    E-Print Network [OSTI]

    Anderson, J. A.

    1986-01-01

    to residentials is: consume more, particularly at times of system peak(s), rather than conserve. Residentials would conserve or consume less if they were sent proper price signals. Substitutes: There are few substitutes for electricity. For example... of all electricity consumed in the United States. We require an adequate and re liable supply of electricity at reasonable prices, so as you can imagine, we have a continuing inter est in all aspects of the production, pricing, and delivery...

  13. Firm-based Measurements of Market Power in Transmission-Constrained Electricity

    E-Print Network [OSTI]

    Baldick, Ross

    Firm-based Measurements of Market Power in Transmission-Constrained Electricity Markets: Technical: Transmission constraints, electricity markets, market power, market power index, residual supply index. 1 approaches to analyzing firm-based market power con- sidering transmission constraints are proposed. One

  14. Electricity market reform in the European Union : review of progress towards liberalisation and integration

    E-Print Network [OSTI]

    Jamasb, Tooraj

    2005-01-01

    The energy market liberalisation process in Europe is increasingly focused on electricity market integration and related cross border issues. This signals that the liberalisation of national electricity markets is now ...

  15. IEEE SYSTEMS JOURNAL, VOL. 6, NO. 1, MARCH 2012 27 Wind and Energy Markets: A Case Study of Texas

    E-Print Network [OSTI]

    Baldick, Ross

    IEEE SYSTEMS JOURNAL, VOL. 6, NO. 1, MARCH 2012 27 Wind and Energy Markets: A Case Study of Texas States, has a well-functioning wholesale market where energy is valued based on marginal offers, renewable credits, wind and demand correlation, intermittency, carbon prices, and electricity market prices

  16. Environmental Policies for a Restructured Electricity Market: A Survey of State Initiatives

    E-Print Network [OSTI]

    Delaware, University of

    #12;Environmental Policies for a Restructured Electricity Market: A Survey of State Initiatives. John Byrne Director #12;TABLE OF CONTENTS Environmental Policies for a Restructured Electricity Market, the report surveys electricity restructuring "best practice" strategies in ten states. These strategies

  17. Facilitating Wind Development: The Importance of Electric Industry Structure

    SciTech Connect (OSTI)

    Kirby, B.; Milligan, M.

    2008-05-01

    This paper evaluates which wholesale elecricity market-structure characteristics best accommodate wind energy development.

  18. Electric vehicles move closer to market

    SciTech Connect (OSTI)

    O`Connor, L.

    1995-03-01

    This article reports that though battery technology is currently limiting the growth of EVs, the search for improvements is spurring innovative engineering developments. As battery makers, automakers, national laboratories, and others continue their search for a practical source of electric power that will make electric vehicles (EVs) more viable, engineers worldwide are making progress in other areas of EV development. Vector control, for example, enables better regulation of motor torque and speed; composite and aluminum parts reduce the vehicle`s weight, which in turn reduces the load on the motor and battery; and flywheel energy storage systems, supercapacitors, regenerative brake systems, and hybrid/electric drive trains increase range and acceleration. Despite efforts to develop an electric vehicle from the ground up, most of the early EVs to be sold in the United States will likely be converted from gasoline-powered vehicles. Chrysler Corp., for example, is expected to sell electric versions of its minivans and build them on the same assembly line as its gasoline-powered vehicles to reduce costs. The pace of engineering development in this field is fast and furious. Indeed, it is virtually impossible to monitor all emerging EV technology. To meet their quotas, the major automakers may even consider buying credits from smaller, innovative EV manufacturers. But whatever stopgap measures vehicle makers take, technology development will be the driving force behind long-term EV growth.

  19. Will electricity market reform likely reduce retail rates?

    SciTech Connect (OSTI)

    Woo, C.K.; Zarnikau, Jay

    2009-03-15

    To win public support, proponents for electricity market reform to introduce competition often promise that the post-reform retail rates will be lower than the average embedded cost rates that would have prevailed under the status quo of a regulated monopoly. A simple economic analysis shows that such a promise is unlikely to occur without the critical assumption that the post-reform market has marginal costs below average costs. (author)

  20. Electricity Bill Savings from Residential Photovoltaic Systems: Sensitivities to Changes in Future Electricity Market Conditions

    E-Print Network [OSTI]

    Darghouth, Naim

    2014-01-01

    the amount of future renewable energy (RE) deployment is notFuture Electricity Market Conditions Prepared for the Office of Energy Efficiency and Renewablefuture changes. For example, higher penetrations of renewable energy

  1. Outline Introduction Literature Review Electric Power Supply Chains Empirical Examples Conclusions An Integrated Electric Power Supply Chain and Fuel Market

    E-Print Network [OSTI]

    Nagurney, Anna

    An Integrated Electric Power Supply Chain and Fuel Market Network Framework: Theoretical Modeling with Empirical Supply Chains and Fuel Markets In the U.S., electric power generation accounts for 30% of the natural gas Supply Chains and Fuel Markets (Cont'd) The interactions between electric power supply chains and fuel

  2. Market Power and Technological Bias: The Case of Electricity Generation

    E-Print Network [OSTI]

    Twomey, Paul; Neuhoff, Karsten

    2006-03-14

    .twomey@econ.cam.ac.uk, karsten.neuhoff@econ.cam.ac.uk. 1 1 Introduction Renewable energy technologies are playing an increasingly important role in the portfolio mix of electricity generation. However, the intermittent nature of output from wind turbines and solar panels... . This intermittency discount is not a market failure but simply reflects the value of electricity provided by different technologies. Building on this base case the paper assesses the impact of monopolist and strategic behaviour of conventional generation companies...

  3. Load As A Reliability Resource in the Restructured Electricity Market

    SciTech Connect (OSTI)

    Kueck, J.D.

    2002-06-10

    Recent electricity price spikes are painful reminders of the value that meaningful demand-side responses could bring to the restructuring US electricity system. Review of the aggregate offers made by suppliers confirms that even a modest increase in demand elasticity could dramatically reduce these extremes in price volatility. There is a strong need for dramatically increased customer participation in these markets to enhance system reliability and reduce price volatility. Indeed, allowing customers to manage their loads in response to system conditions might be thought of as the ultimate reliability resource. Most would agree that meaningful demand-side responses to price are the hallmark of a well-functioning competitive market [1]. Yet, in today's markets for electricity, little or no such response is evident. The reason is simple: customers currently do not experience directly the time-varying costs of their consumption decisions. Consequently, they have no incentive to modify these decisions in ways that might enhance system reliability or improve the efficiency of the markets in which electricity is traded. Increased customer participation is a necessary step in the evolution toward more efficient markets for electricity and ancillary services. This scoping report provides a three-part assessment of the current status of efforts to enhance the ability of customer's load to participate in competitive markets with a specific focus on the role of customer loads in enhancing electricity system reliability. First, this report considers the definitions of electricity-reliability-enhancing ancillary services (Section 2) and a preliminary assessment of the ability of customer's loads to provide these services. Second, is a review a variety of programs in which load has been called on as a system reliability resource (Section 3). These experiences, drawn from both past and current utility and ISO programs, focus on programs triggered by system condition (e.g., forecast reserves fall below a threshold), rather than those triggered by price (e.g., real-time prices). Third, the report examines the status of the underlying metering, communication, and control technologies required to enable customer loads to participate in competitive electricity markets (Section 4). Following the three-part assessment, we offer preliminary thoughts on directions for future research (Section 5).

  4. SUPERGAMES IN ELECTRICITY MARKETS: BEYOND THE NASH EQUILIBRIUM CONCEPT

    E-Print Network [OSTI]

    SUPERGAMES IN ELECTRICITY MARKETS: BEYOND THE NASH EQUILIBRIUM CONCEPT Pedro Correia, Thomas away from the best-response equilibrium strategies provided by Nash so- lutions. Although Nash, and the solutions pre- scribed by this game are Nash equilibria [4], either in pure or in mixed strategies. When

  5. Saving Opportunities in the Restructured Texas Electric Market 

    E-Print Network [OSTI]

    Smolen, P.; Fox, M.

    2003-01-01

    This paper will discuss the opportunities available to businesses, industries, and public entities in the restructured electric market in Texas. We will provide a case study of the demand side and supply side options that have been used by the City...

  6. Electricity Markets Meet the Home through Demand Response Lazaros Gkatzikis

    E-Print Network [OSTI]

    Electricity Markets Meet the Home through Demand Response Lazaros Gkatzikis CERTH, University Hegde, Laurent Massouli´e Technicolor Paris Research Lab Paris, France Abstract-- Demand response (DR the alternative option of dynamic demand adaptation. In this direction, demand response (DR) programs provide

  7. Predictability of price movements in deregulated electricity markets

    E-Print Network [OSTI]

    Uritskaya, Olga Y

    2015-01-01

    In this paper we investigate predictability of electricity prices in the Canadian provinces of Alberta and Ontario, as well as in the US Mid-C market. Using scale-dependent detrended fluctuation analysis, spectral analysis, and the probability distribution analysis we show that the studied markets exhibit strongly anti-persistent properties suggesting that their dynamics can be predicted based on historic price records across the range of time scales from one hour to one month. For both Canadian markets, the price movements reveal three types of correlated behavior which can be used for forecasting. The discovered scenarios remain the same on different time scales up to one month as well as for on- and off- peak electricity data. These scenarios represent sharp increases of prices and are not present in the Mid-C market due to its lower volatility. We argue that extreme price movements in this market should follow the same tendency as the more volatile Canadian markets. The estimated values of the Pareto indi...

  8. Abstract--An evolutionary "Third Way" approach for restructuring the electricity industry is proposed, striking a

    E-Print Network [OSTI]

    Oren, Shmuel S.

    Abstract-- An evolutionary "Third Way" approach for restructuring the electricity industry aspects of implementing this role within liberalized wholesale markets are also examined. Index Terms--Electricity of the electricity industry that builds on lessons learned from experience and the principle of risk management

  9. Model documentation: Electricity market module, electricity finance and pricing submodule

    SciTech Connect (OSTI)

    Not Available

    1994-04-07

    The purpose of this report is to define the objectives of the model, describe its basic approach, and provide detail on how it works. The EFP is a regulatory accounting model that projects electricity prices. The model first solves for revenue requirements by building up a rate base, calculating a return on rate base, and adding the allowed expenses. Average revenues (prices) are calculated based on assumptions regarding regulator lag and customer cost allocation methods. The model then solves for the internal cash flow and analyzes the need for external financing to meet necessary capital expenditures. Finally, the EFP builds up the financial statements. The EFP is used in conjunction with the National Energy Modeling System (NEMS). Inputs to the EFP include the forecast generating capacity expansion plans, operating costs, regulator environment, and financial data. The outputs include forecasts of income statements, balance sheets, revenue requirements, and electricity prices.

  10. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    the minimum and maximum hourly generation. The monthly hydroand the minimum hourly generation for each month based onmaximum and minimum hourly generation constraints as these

  11. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    fuel prices and international crude oil prices. I assume that dieseldiesel as a fuel while some of them use fuel oil. The current (November 2005) diesel price

  12. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    NPC), and the National Hydro Power Corporation (NHPC). Theseis unlikely that the hydro power projects in MH state willthermal power plants, hydro power plants face a constraint

  13. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    Order in the Mater of Power Purchase and Other Dispensationssigning long-term power purchase agreements. In this

  14. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    India looking at 2 mt more LNG from RasGas”. August 29 thhas planned for major LNG imports. Minimum flow constraintsbasis. Liquefied Natural Gas (LNG) Prices India is currently

  15. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    unique opportunities for demand response. I also analyze thecontracts. I find that demand response and the presence ofwhen opportunities for demand response are combined with

  16. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    depends on the firms’ costs and generation capacities and oncalculate the marginal generation cost of power plants in MHis the marginal generation cost excluding any transmission

  17. Customer reponse to day-ahead wholesale market electricity prices: Case study of RTP program experience in New York

    E-Print Network [OSTI]

    2004-01-01

    costs, revenue allocation and rate design on behalf of the California Large Energy Consumers Association and CaliforniaCalifornia energy crisis, far in excess of what could be justified by cost-

  18. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    of Maharashtra. Pune, India: Prayas Energy Group. Availablebut Challenges India: Prayas Energy Group. Available onlineStudy of Gujarat India. ” Program for Sustainable Energy

  19. Feasibility of Wholesale Electricity Competition in a Developing Country: Insights from Simulating a Market in Maharashtra State, India

    E-Print Network [OSTI]

    Phadke, Amol

    2007-01-01

    on coal power plants, I assume that transportation costs arecoal prices for different power plants vary substantially due to the differences in transportation costs.

  20. Econophysical Dynamics of Market-Based Electric Power Distribution Systems

    E-Print Network [OSTI]

    Nicolas Ho; David P. Chassin

    2006-02-09

    As energy markets begin clearing at sub-hourly rates, their interaction with load control systems becomes a potentially important consideration. A simple model for the control of thermal systems using market-based power distribution strategies is proposed, with particular attention to the behavior and dynamics of electric building loads and distribution-level power markets. Observations of dynamic behavior of simple numerical model are compared to that of an aggregate continuous model. The analytic solution of the continuous model suggests important deficiencies in each. The continuous model provides very valuable insights into how one might design such load control system and design the power markets they interact with. We also highlight important shortcomings of the continuous model which we believe must be addressed using discrete models.

  1. EMBRACE ELECTRIC COMPETITION OR IT'S DJ VU ALL OVER AGAIN

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    active in the competitive wholesale and retail markets. NorthBridge has a national practice and longEMBRACE ELECTRIC COMPETITION OR IT'S DÉJÀ VU ALL OVER AGAIN By Frank Huntowski, Neil Fisher consulting firm serving the electric and natural gas industries, including regulated utilities and companies

  2. Electric Market and Utility Operation Terminology (Fact Sheet), Solar Energy Technologies Program (SETP)

    Broader source: Energy.gov [DOE]

    This fact sheet is a list of electric market and utility operation terminology for a series of three electricity fact sheets.

  3. Configuring load as a resource for competitive electricity markets--Review of demand response programs in the U.S. and around the world

    E-Print Network [OSTI]

    Heffner, Grayson C.

    2002-01-01

    FOR COMPETITIVE ELECTRICITY MARKETS – REVIEW OF DEMANDFOR COMPETITIVE ELECTRICITY MARKETS – REVIEW OF DEMANDof regional and national electricity markets in the U.S. and

  4. Uncertainties in the Value of Bill Savings from Behind-the-Meter, Residential Photovoltaic Systems: The Roles of Electricity Market Conditions, Retail Rate Design, and Net Metering

    E-Print Network [OSTI]

    Darghouth, Naim Richard

    2013-01-01

    payments in imperfect electricity markets: Need and design.Economics of Renewable Electricity Market Integration. Angeneration in the Irish electricity market, in: 30th IAEE/

  5. Abstract--In models of imperfect competition of deregulated electricity markets, the key task is to find the Nash equilibrium

    E-Print Network [OSTI]

    Baldick, Ross

    1 Abstract--In models of imperfect competition of deregulated electricity markets, the key task techniques are adopted in this paper. Two example application problems arising from electricity markets Terms-- Bimatrix Game, Complementarity Problem, Deregulation, Dominated Strategy, Electric Power Market

  6. Multi-settlement Systems for Electricity Markets: Zonal Aggregation under Network Uncertainty and Market Power1

    E-Print Network [OSTI]

    by the Consortium for Electric Reliability Technology Solutions on Behalf of the Department of Energy. The work was also supported by the University of California Energy Institute and by PSERC. Abstract We analyze of decentralization in markets. The experience gained from the first wave of restructuring in places

  7. The Potential Impact of Increased Renewable Energy Penetrations on Electricity Bill Savings from Residential Photovoltaic Systems

    E-Print Network [OSTI]

    Barbose, Galen

    2013-01-01

    scenarios on hourly wholesale market prices, using a production cost and capacity expansion model; Design

  8. Integrated Retail and Wholesale Power System Operation with Smart-Grid Functionality

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    1 Integrated Retail and Wholesale Power System Operation with Smart-Grid Functionality Dionysios of retail and wholesale power markets operating over transmission and distribution networks with smart-grid with "smart-grid functionality." By smart-grid functionality we mean service-oriented grid enhancements

  9. An Empirical Analysis of the Potential for Market Power in California's Electricity Industry

    E-Print Network [OSTI]

    California at Berkeley. University of

    PWP-044r An Empirical Analysis of the Potential for Market Power in California's Electricity's Electricity Industry Severin Borenstein and James Bushnell University of California Energy Institute 2539 the California electricity market after deregulation as a static Cournot market with a competitive fringe. Our

  10. IEEE TRANSACTIONS ON POWER SYSTEMS 1 Economic Impact of Electricity Market Price

    E-Print Network [OSTI]

    Cañizares, Claudio A.

    IEEE TRANSACTIONS ON POWER SYSTEMS 1 Economic Impact of Electricity Market Price Forecasting Errors to forecast electricity market prices and improve forecast accuracy. However, no studies have been reported, the application of electricity market price forecasts to short-term operation scheduling of two typical

  11. Optimal Power Market Participation of Plug-In Electric Vehicles Pooled by Distribution Feeder

    E-Print Network [OSTI]

    Caramanis, Michael

    Optimal Power Market Participation of Plug-In Electric Vehicles Pooled by Distribution Feeder : Power system markets, Power system economics Key Words: Load management, Electric vehicle grid Transactions on Power Systems #12;WORKING PAPER 1 Optimal Power Market Participation of Plug-In Electric

  12. Cournot Equilibrium in Price-capped Two-Settlement Electricity Markets

    E-Print Network [OSTI]

    Oren, Shmuel S.

    Cournot Equilibrium in Price-capped Two-Settlement Electricity Markets Jian Yao1, Bert Willems2 compare two alternative mechanisms for cap- ping prices in two-settlement electricity markets. Alternatively, regulators in many restructured electricity markets have imposed price or offer caps in the spot

  13. "The Dynamics of Market Power with Deregulated Electricity Generation Richard E. Schuler,

    E-Print Network [OSTI]

    "The Dynamics of Market Power with Deregulated Electricity Generation Supplies" Richard E. Schuler markets for bulk electricity supplies are likely to deviate from the perfectly competitive ideal in many price competition in some electricity markets. 1. Introduction A primary motive for the deregulation

  14. On Coordinating Electricity Markets: Smart Power Scheduling for Demand Side Management and Economic Dispatch

    E-Print Network [OSTI]

    Chen, Yiling

    On Coordinating Electricity Markets: Smart Power Scheduling for Demand Side Management and Economic;On Coordinating Electricity Markets: Smart Power Scheduling for Demand Side Management and Economic Dispatch Abstract Information asymmetry in retail electricity markets is one of the largest sources of inef

  15. Simulating the Impact of a Carbon Market Electricity System in the Western U.S.A.

    E-Print Network [OSTI]

    Ford, Andrew

    , electricity markets, power plants, transmission network, renewable resources, system dynamics, computerSimulating the Impact of a Carbon Market on the Electricity System in the Western U.S.A. Andrew and trade market to control carbon emissions in the western electricity system. The simulations indicate

  16. Fast Change Point Detection for Electricity Market Analysis

    SciTech Connect (OSTI)

    UC Berkeley; Gu, William; Choi, Jaesik; Gu, Ming; Simon, Horst; Wu, Kesheng

    2013-08-25

    Electricity is a vital part of our daily life; therefore it is important to avoid irregularities such as the California Electricity Crisis of 2000 and 2001. In this work, we seek to predict anomalies using advanced machine learning algorithms. These algorithms are effective, but computationally expensive, especially if we plan to apply them on hourly electricity market data covering a number of years. To address this challenge, we significantly accelerate the computation of the Gaussian Process (GP) for time series data. In the context of a Change Point Detection (CPD) algorithm, we reduce its computational complexity from O($n^{5}$) to O($n^{2}$). Our efficient algorithm makes it possible to compute the Change Points using the hourly price data from the California Electricity Crisis. By comparing the detected Change Points with known events, we show that the Change Point Detection algorithm is indeed effective in detecting signals preceding major events.

  17. A case study review of technical and technology issues for transition of a utility load management program to provide system reliability resources in restructured electricity markets

    SciTech Connect (OSTI)

    Weller, G.H.

    2001-07-15

    Utility load management programs--including direct load control and interruptible load programs--were employed by utilities in the past as system reliability resources. With electricity industry restructuring, the context for these programs has changed; the market that was once controlled by vertically integrated utilities has become competitive, raising the question: can existing load management programs be modified so that they can effectively participate in competitive energy markets? In the short run, modified and/or improved operation of load management programs may be the most effective form of demand-side response available to the electricity system today. However, in light of recent technological advances in metering, communication, and load control, utility load management programs must be carefully reviewed in order to determine appropriate investments to support this transition. This report investigates the feasibility of and options for modifying an existing utility load management system so that it might provide reliability services (i.e. ancillary services) in the competitive markets that have resulted from electricity industry restructuring. The report is a case study of Southern California Edison's (SCE) load management programs. SCE was chosen because it operates one of the largest load management programs in the country and it operates them within a competitive wholesale electricity market. The report describes a wide range of existing and soon-to-be-available communication, control, and metering technologies that could be used to facilitate the evolution of SCE's load management programs and systems to provision of reliability services. The fundamental finding of this report is that, with modifications, SCE's load management infrastructure could be transitioned to provide critical ancillary services in competitive electricity markets, employing currently or soon-to-be available load control technologies.

  18. Assessment of reforms in the electricity supply industry: A review of some recent empirical studies

    SciTech Connect (OSTI)

    Peerbocus, Nash

    2007-03-15

    An empirical review suggests that progress has been made in bringing competition into the inherently complex and challenging electricity market, generating substantial efficiency gains. But the large disconnect between the wholesale and retail markets indicates that much effort is needed to allow consumers to optimally reap those gains. (author)

  19. Abstract--Load serving entities (LSE) and holders of default service obligations, in restructured electricity markets, provide

    E-Print Network [OSTI]

    Oren, Shmuel S.

    the varying demand of their customers at fixed regulated prices. Electricity consumption volume directly, in restructured electricity markets, provide electricity service at regulated or contracted fixed prices while standard forward contracts and commodity derivatives. Keywords: Electricity Markets, Risk Management

  20. Resource Adequacy in Competitive Electricity Markets George Gross and Pablo Ruiz

    E-Print Network [OSTI]

    Gross, George

    of the electric system to supply the aggregate electrical demand and energy requirements of the customers at all, the existing electricity markets have not matured to the level of incorporating demand-side response. The lack of demand response is due to both the existing policies and the way electricity markets have been

  1. Minimizing Building Electricity Costs in a Dynamic Power Market: Algorithms and Impact on Energy Conservation

    E-Print Network [OSTI]

    Wang, Dan

    Minimizing Building Electricity Costs in a Dynamic Power Market: Algorithms and Impact on Energy of Computing, The Hong Kong Polytechnic University, Hong Kong, P. R. China 2 Department of Electrical and the electricity bills nowa- days are leading to unprecedented costs. Electricity price is market-based and dynamic

  2. Evaluating the Evidence on Electricity Reform: Lessons for the South East Europe (SEE) Market

    E-Print Network [OSTI]

    Pollitt, Michael G.

    This paper discusses the evidence on electricity reform and relates it to the current situation of the South East Europe (SEE) electricity market. We begin by discussing the main elements of the European Union (EU) electricity reform model. Then we...

  3. HE ELECTRIC POWER INDUSTRY in the United States is facing a disquieting shortage

    E-Print Network [OSTI]

    , wholesale and retail electricity marketing, reactive power management, and other ancillary support systemsT HE ELECTRIC POWER INDUSTRY in the United States is facing a disquieting shortage of trained engineering personnel. For decades, things have gone downhill. The salaries paid to power engineers have been

  4. Electricity Demand Forecasting using Gaussian Processes Manuel Blum and Martin Riedmiller

    E-Print Network [OSTI]

    Teschner, Matthias

    that are normally much less attractive than the prices in the wholesale market. The electricity demand is mainlyElectricity Demand Forecasting using Gaussian Processes Manuel Blum and Martin Riedmiller University of Freiburg, Department of Computer Science Georges-Koehler Allee 079 79110 Freiburg, Germany

  5. An agent-based model to study market penetration of plug-in hybrid electric vehicles

    E-Print Network [OSTI]

    Vermont, University of

    An agent-based model to study market penetration of plug-in hybrid electric vehicles Margaret J 2011 Available online 29 April 2011 Keywords: Plug-in hybrid electric vehicles Market penetration Agent vehicle (PHEV) market penetration. The model accounts for spatial and social effects (including threshold

  6. Project Information Form Project Title Structural Determinants of Electric Vehicle Market Growth

    E-Print Network [OSTI]

    California at Davis, University of

    Project Information Form Project Title Structural Determinants of Electric Vehicle Market Growth that plug--in electric vehicle (PEV) markets are facing and how they are likely to evolve in different a holistic approach to the assessment of factors that affect the market development and diffusion of new

  7. Pricing mechanism for real-time balancing in regional electricity markets

    E-Print Network [OSTI]

    de Weerdt, Mathijs

    for precisely controlling the real-time balance in electricity markets, where retail brokers aggregate of their retail customer loads and sources. We enumerate the desirable properties of a market-based balancingPricing mechanism for real-time balancing in regional electricity markets Mathijs de Weerdt

  8. ZONAL PRICING AND DEMAND-SIDE BIDDING IN THE NORWEGIAN ELECTRICITY MARKET

    E-Print Network [OSTI]

    California at Berkeley. University of

    .3 Retail Markets 9 2.4 Generating Plants 10 2.5 Storage, Generation, Price and Trade Patterns 14 3. SupplyPWP-063 ZONAL PRICING AND DEMAND-SIDE BIDDING IN THE NORWEGIAN ELECTRICITY MARKET Tor Arnt Johnsen.ucei.berkeley.edu/ucei #12;ZONAL PRICING AND DEMAND-SIDE BIDDING IN THE NORWEGIAN ELECTRICITY MARKET Tor Arnt Johnsen, Shashi

  9. An Integrated Electric Power Supply Chain and Fuel Market Network Framework: Theoretical Modeling with Empirical Analysis for New England

    E-Print Network [OSTI]

    Nagurney, Anna

    An Integrated Electric Power Supply Chain and Fuel Market Network Framework: Theoretical Modeling regions and multiple electricity markets under deregulation to quantify the interactions in electric power an oligopolistic electricity market model with a nitrogen ox- ide permit market, and provided examples based

  10. Electricity Bill Savings from Residential Photovoltaic Systems: Sensitivities to Changes in Future Electricity Market Conditions

    SciTech Connect (OSTI)

    Darghouth, Naim; Barbose, Galen; Wiser, Ryan

    2013-01-09

    This scoping study investigates the impact of, and interactions among, three key sources of uncertainty in the future value of bill savings from customer-sited PV, focusing in particular on residential customers. These three sources of uncertainty are: changes to electricity market conditions that would affect retail electricity prices, changes to the types of retail rate structures available to residential customers with PV, and shifts away from standard net-metering toward other compensation mechanisms for residential PV. We investigate the impact of a range of electricity market scenarios on retail electricity prices and rate structures, and the resulting effects on the value of bill savings from PV. The scenarios include various levels of renewable and solar energy deployment, high and low natural gas prices, the possible introduction of carbon pricing, and greater or lesser reliance on utility-scale storage and demand response. We examine the bill savings from PV with time-invariant, flat residential retail rates, as well as with time-varying retail rates, including time-of-use (TOU) rates and real-time pricing (RTP). In addition, we explore a flat rate with increasing-block pricing (IBP). We evaluate the bill savings from PV with net metering, as currently allowed in many states, as well as scenarios with hourly netting, a partial form of net metering. This scoping study is the first known effort to evaluate these types of interactions in a reasonably comprehensive fashion, though by no means have we considered every possible change to electricity market conditions, retail rate structures, or PV compensation mechanisms. It focuses solely on the private value of bill savings for residential PV and does not seek to quantify the broader social or economic cost or value of solar electricity. Our analysis applies assumptions based loosely on California’s electricity market in a future year (2030); however, it is neither intended to forecast California’s future market, nor are our conclusions intended to have implications specific only to the California market. That said, some of the findings are unique to our underlying assumptions, as described further within the main body of the report, along with other key limitations.

  11. Uncertainties in the Value of Bill Savings from Behind-the-Meter, Residential Photovoltaic Systems: The Roles of Electricity Market Conditions, Retail Rate Design, and Net Metering

    E-Print Network [OSTI]

    Darghouth, Naim Richard

    2013-01-01

    2008. Capacity payments in imperfect electricity markets:capacity adequacy in the competitive electricity marketelectricity market design with price caps and a separate capacity market,

  12. Futures pricing in electricity markets based on stable CARMA spot models

    E-Print Network [OSTI]

    Gerkmann, Ralf

    Futures pricing in electricity markets based on stable CARMA spot models Gernot M¨uller Vortrag im years, electricity markets throughout the world have undergone massive changes due to deregulations risk but also against price movements. Consequently, statistical modeling and estimation of electricity

  13. Electricity Markets: Should the Rest of the World Adopt the UK Reforms?

    E-Print Network [OSTI]

    California at Berkeley. University of

    PWP-069 Electricity Markets: Should the Rest of the World Adopt the UK Reforms? Catherine D;1 Electricity Markets: Should the Rest of the World Adopt the UK Reforms?1 By Catherine D. Wolfram2 Britain was one of the first countries to liberalize its electricity industry when it restructured and privatized

  14. Computing Cournot Equilibria in Two Settlement Electricity Markets with Transmission Constraints1

    E-Print Network [OSTI]

    Oren, Shmuel S.

    1 Computing Cournot Equilibria in Two Settlement Electricity Markets with Transmission Constraints1}@ieor.berkeley.edu Abstract-- We formulate a two-settlement equilibrium in com- petitive electricity markets as a subgame decade has witnessed a fundamental transformation of the electric power industry around the world from

  15. Pricing of Fluctuations in Electricity Markets John N. Tsitsiklis and Yunjian Xu

    E-Print Network [OSTI]

    Tsitsiklis, John

    in Electricity Markets 2 to the deployment of peaking plants with higher ramping rates but higher marginal costPricing of Fluctuations in Electricity Markets John N. Tsitsiklis and Yunjian Xu Laboratory or Information and Decision Systems, MIT, Cambridge, MA, 02139, {jnt@mit.edu, yunjian@mit.edu} In an electric

  16. Theory and Application of Linear Supply Function Equilibrium in Electricity Markets

    E-Print Network [OSTI]

    Baldick, Ross

    Theory and Application of Linear Supply Function Equilibrium in Electricity Markets Ross Baldick Department of Electrical and Computer Engineering, The University of Texas at Austin, 1 University Station C equilibrium (SFE) model of interaction in an electricity market. We assume a linear demand function

  17. The Effects of the Dysfunctional Spot Market for Electricity in California

    E-Print Network [OSTI]

    The Effects of the Dysfunctional Spot Market for Electricity in California on the Cost of Forward), the Consortium for Electric Reliability Technology Solutions (CERTS) program on Reliability and Markets at the U Cruz, California. #12;ABSTRACT The unexpectedly high spot prices for electricity in the summer of 2000

  18. "Do costs fall faster than revenues? Dynamics of renewables entry into electricity markets"

    E-Print Network [OSTI]

    TSE-591 "Do costs fall faster than revenues? Dynamics of renewables entry into electricity markets of renewables entry into electricity markets Richard J. Green Thomas-Olivier Léautier June 26, 2015 Abstract In many countries, entry of renewable electricity producers has been supported by subsidies and financed

  19. Optimal Bidding Strategy in Electricity Markets Under Uncertain Energy and Reserve Prices

    E-Print Network [OSTI]

    Optimal Bidding Strategy in Electricity Markets Under Uncertain Energy and Reserve Prices Power in Electricity Markets Under Uncertain Energy and Reserve Prices Rajesh Rajaraman Christensen Associates Fernando this project For information about this project contact: Fernando Alvarado Professor Electrical and Computer

  20. An Equilibrium Model of Investment in Restructured Electricity Markets

    E-Print Network [OSTI]

    Bushnell, Jim B; Ishii, Jun

    2007-01-01

    these retail obligations, however, market power would beof market power remains even after accounting for the retailretail obligations that reduce their incentives to exercise market power.

  1. The portfolio diversification value of nuclear power in liberalized electricity markets

    E-Print Network [OSTI]

    Bean, Malcolm (Malcolm K.)

    2012-01-01

    The key difference between a regulated and a liberalized electricity market is the establishment of a competitive generation marketplace via spot markets, day-ahead auctions, and over-the-counter trading activity. In a ...

  2. An agent-based approach to modeling electricity spot markets

    E-Print Network [OSTI]

    Visudhiphan, Poonsaeng, 1973-

    2003-01-01

    (cont.) The model could also be used to analyze market factors (such as new market rules) and their effects on market price dynamics and market participants' behaviors, as well as to identify the "best" response action of ...

  3. The Market Value and Cost of Solar Photovoltaic Electricity Production

    E-Print Network [OSTI]

    Borenstein, Severin

    2008-01-01

    a more complete market valuation of solar PV. I incorporateto analyze the market value of solar PV. The market bene?tsI evaluate the market economics of solar PV. While accurate

  4. Teaching Direct Marketing and Small Farm Viability: Resources for Instructors, 2nd Edition. Unit 6 - Building Resilience: Small Farm Planning and Operations

    E-Print Network [OSTI]

    2015-01-01

    for: • Specific market channels (wholesale, retail, etc. ) •a farmer’s market, a CSA, direct to retail, direct to a

  5. Open versus closed loop capacity equilibria in electricity markets ...

    E-Print Network [OSTI]

    2012-05-06

    energy market is frequently represented using conjectural variations. Consid- ... market efficiency (as measured by total social welfare) is ambiguous. Thus,.

  6. Commercializing Light-Duty Plug-In/Plug-Out Hydrogen-Fuel-Cell Vehicles: "Mobile Electricity" Technologies, Early California Household Markets, and Innovation Management

    E-Print Network [OSTI]

    Williams, Brett D

    2010-01-01

    assessment for fuel cell electric vehicles." Argonne, Ill. :of Plug-In Hybrid Electric Vehicles on Wind Energy Markets,"Recharging and Household Electric Vehicle Market: A Near-

  7. Impact of Storage on the Efficiency and Prices in Real-Time Electricity Markets

    E-Print Network [OSTI]

    Proutiere, Alexandre

    behavior of the various actors lead to a socially acceptable situation? Electricity markets are highly complex dynamical systems. They incorporate renewable energy sources, such as wind and solar

  8. Spot pricing of electricity and ancillary services in a competitive California market.

    E-Print Network [OSTI]

    Siddiqui, Afzal S.; Marnay, Chris; Khavkin, Mark

    2000-01-01

    o Liew, and M. Khavkin 1999, Ancillary Services Markets inVolatility in the California Ancillary Services Mar- kets:of Electricity and Ancillary Services in a Competitive

  9. Household Markets for Neighborhood Electric Vehicles in California

    E-Print Network [OSTI]

    Kurani, Kenneth S.; Sperling, Daniel; Lipman, Timothy; Stanger, Deborah; Turrentine, Thomas; Stein, Aram

    2001-01-01

    A Statewide ELECTRIC ELECTRIC and VEHICLES: Survey Sandrafor Neighborhood Electric Vehicles. Report prepared for theD. (1994). Future Drive: Electric Vehicles and Sustainable

  10. Business Plan for a New Engineering Consulting Firm in the Electrical Utility Market

    E-Print Network [OSTI]

    Gois, Roberto Cavalcanti

    2009-05-15

    has been experiencing steady growth for more than ten years. Along with energy market regulatory agencies such as the Federal Energy Regulatory Commission (FERC) and Southwest Power Pool (SPP), electrical utilities must ensure that the electricity...

  11. Market Opportunities for Electric Drive Compressors for Gas Transmission, Storage, and Processing 

    E-Print Network [OSTI]

    Parent, L. V.; Ralph, H. D.; Schmeal, W. R.

    1995-01-01

    There is great interest in the large potential market for electric drives in the gas transmission, gas storage, and gas processing industries. Progressive electric utilities and astute vendors are moving to meet the needs of these industries...

  12. AES Southland, Inc. and Williams Energy Marketing & Trading Company, 94 FERC 61,248 (2001).

    E-Print Network [OSTI]

    Laughlin, Robert B.

    2001-01-01

    is a wholesale seller of electric energy in California with authority to charge market based rates. Williams has was the bid price that Williams had submitted for that unit. The bid price was at or very near the then- maximum bid price of $750 per megawatt hour. In addition, the ISO was unable to dispatch Huntington Beach

  13. Analysis and Visualization of Market Power in Electric Power Systems Thomas J. Overbye Jamie D. Weber Kollin J. Patten

    E-Print Network [OSTI]

    Analysis and Visualization of Market Power in Electric Power Systems Thomas J. Overbye Jamie D discusses the assessment and visualization of market power in bulk electricity markets, with the explicit structure being replaced by competitive markets in unbundled electricity services with disaggregated

  14. Strategic Behavior in Spot Markets for Electricity when Load is Stochastic Department of Agricultural, Resource, and Managerial Economics

    E-Print Network [OSTI]

    Strategic Behavior in Spot Markets for Electricity when Load is Stochastic T.D. Mount Department of market power to raise prices above competitive levels in the UK market for electricity has been discussed in an electricity market. In spite of this abundant evidence, regulators in the USA have been relatively unconcerned

  15. Unbundling generation and transmission services for competitive electricity markets

    SciTech Connect (OSTI)

    Hirst, E.; Kirby, B.

    1998-01-01

    Ancillary services are those functions performed by the equipment and people that generate, control, and transmit electricity in support of the basic services of generating capacity, energy supply, and power delivery. The Federal Energy Regulatory Commission (FERC) defined such services as those `necessary to support the transmission of electric power from seller to purchaser given the obligations of control areas and transmitting utilities within those control areas to maintain reliable operations of the interconnected transmission system.` The nationwide cost of ancillary services is about $12 billion a year, roughly 10% of the cost of the energy commodity. More important than the cost, however, is the necessity of these services for bulk-power reliability and for the support of commercial transactions. FERC`s landmark Order 888 included a pro forma tariff with provision for six key ancillary services. The Interconnected Operations Services Working Group identified another six services that it felt were essential to the operation of bulk-power systems. Several groups throughput the United States have created or are forming independent system operators, which will be responsible for reliability and commerce. To date, the electricity industry (including traditional vertically integrated utilities, distribution utilities, power markets and brokers, customers, and state and federal regulators) has paid insufficient attention to these services. Although the industry had made substantial progress in identifying and defining the key services, much remains to be doe to specify methods to measure the production, delivery, and consumption of these services; to identify the costs and cost-allocation factors for these services; and to develop market and operating rules for their provision and pricing. Developing metrics, determining costs, and setting pricing rules are important because most of these ancillary services are produced by the same pieces of equipment that produce the basic electricity commodity. Thus, the production of energy and ancillary services is highly interactive, sometimes complementary and sometimes competing. In contrast to today`s typical time-invariant, embedded-cost prices, competitive prices for ancillary services would vary with system loads and spot prices for energy.

  16. Integrated Retail & Wholesale Power System Operation

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    Integrated Retail & Wholesale Power System Operation with Smart-Grid Functionality PIs: Dionysios Retail/Wholesale Power System Operation with Smart-Grid Functionality Project PIs: Dionysios Aliprantis Tesfatsion, "Project Overview: Integrated Retail and Wholesale Power System Operation with Smart-Grid

  17. An Integrated Electric Power Supply Chain and Fuel Market Network Framework: Theoretical Modeling with Empirical Analysis for New England

    E-Print Network [OSTI]

    Nagurney, Anna

    An Integrated Electric Power Supply Chain and Fuel Market Network Framework: Theoretical Modeling investigate how changes in the demand for electricity influence the electric power and the fuel markets from markets to quantify the interactions in electric power/energy supply chains and their effects on flows

  18. Assessment of Heating Fuels and Electricity Markets During the...

    Office of Environmental Management (EM)

    of cold temperatures and severe winter weather had strong effects on energy market prices, demand and supply. Events, trends, and market stressors highlighted in this report...

  19. Cournot Equilibria in Two-Settlement Electricity Markets with System Contingencies

    E-Print Network [OSTI]

    1 Cournot Equilibria in Two-Settlement Electricity Markets with System Contingencies Jian Yao}@ieor.berkeley.edu Abstract-- We study Nash equilibrium in two-settlement com- petitive electricity markets with horizontal settlements, the generation firms have incentives to commit forward contracts, which increases social surplus

  20. Impacts of Bad Data and Cyber Attacks on Electricity Market Operations

    E-Print Network [OSTI]

    operations. In particular, we investigated the problem from perspectives of an attacker and the controlImpacts of Bad Data and Cyber Attacks on Electricity Market Operations Final Project Report Power;#12;Impacts of Bad Data and Cyber Attacks on Electricity Market Operations Final Project Report Project Team

  1. OPTIMAL HOURAHEAD BIDDING IN THE REALTIME ELECTRICITY MARKET WITH BATTERY STORAGE USING APPROXIMATE DYNAMIC PROGRAMMING

    E-Print Network [OSTI]

    Powell, Warren B.

    OPTIMAL HOUR­AHEAD BIDDING IN THE REAL­TIME ELECTRICITY MARKET WITH BATTERY STORAGE USING of wind and solar energy. Energy arbitrage, the process of buying, storing, and selling electricity System Operator) require that battery storage operators place bids into an hour­ ahead market (although

  2. Electric trade in the United States 1992

    SciTech Connect (OSTI)

    Not Available

    1994-09-01

    This publication, Electric Trade in the US 1992 (ELECTRA), is the fourth in a series of reports on wholesale power transactions prepared by the Electric Data Systems Branch, Survey Management Division, Office of Coal, Nuclear, Electric and Alternate Fuels, Energy Information Administration (EIA). The electric trade data are published biennially. The first report presented 1986 data, and this report provides information on the electric power industry during 1992. The electric trade data collected and presented in this report furnish important information on the wholesale structure found within the US electric power industry. The patterns of interutility trade in the report support analyses of wholesale power transactions and provide input for a broader understanding of bulk power market issues that define the emerging national electric energy policies. The report includes information on the quantity of power purchased, sold, exchanged, and wheeled; the geographical locations of transactions and ownership classes involved; and the revenues and costs. Information on the physical transmission system are being included for the first time in this publication. Transmission data covering investor-owned electric utilities were shifted from the Financial Statistics of Selected Investor-Owned Electric Utilities to the ELECTRA publication. Some of the prominent features of this year`s report include information and data not published before on transmission lines for publicly owned utilities and transmission lines added during 1992 by investor-owned electric utilities.

  3. Household Markets for Neighborhood Electric Vehicles in California

    E-Print Network [OSTI]

    Kurani, Kenneth S; Sperling, Daniel; Lipman, Timothy; Stanger, Deborah; Turrentine, Thomas; Stein, Aram

    1995-01-01

    for Neighborhood Electric Vehicles. Report prepared for theD. (1994). Future Drive: Electric Vehicles and Sustainablefor Neighborhood Electric Vehicles. Report prepared for the

  4. The Market Value and Cost of Solar Photovoltaic Electricity Production

    E-Print Network [OSTI]

    Borenstein, Severin

    2008-01-01

    Renew- ables”, The Electricity Journal, Volume 14 (2001),from Real-Time Retail Electricity Pricing: Bill VolatilityReal- Time Retail Electricity Pricing,” Energy Journal,28(

  5. Electricity Merger Policy in the Shadow of Regulation

    E-Print Network [OSTI]

    Gilbert, Richard J; Newberry, David M

    2006-01-01

    power, and instead has concentrated on introducing wholesale and often retail marketsin the retail market. When global power generation orders

  6. Two-Settlement Electric Power Markets with Dynamic-Price Contracts

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    Integrated Retail/Wholesale Power System Operation with SmartSystem Operation with Smart--Grid Functionality

  7. Plenary Session, Harvard Electricity Policy Group, January 29-30, 1998, San Diego, California THE ELECTRIC MARKET RESTRUCTURING IN SOUTH AMERICA

    E-Print Network [OSTI]

    Catholic University of Chile (Universidad Católica de Chile)

    1 Plenary Session, Harvard Electricity Policy Group, January 29-30, 1998, San Diego, California THE ELECTRIC MARKET RESTRUCTURING IN SOUTH AMERICA: SUCCESSES AND FAILURES ON MARKET DESIGN Hugh Rudnick on the restructured electric markets in Latin America, which have pioneered changes worldwide. The changes started

  8. Inefficiencies and Market Power in Financial Arbitrage: A Study of California’s Electricity Markets

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, James; Wolfram, Catherine D

    2006-01-01

    For two reasons, market power in trading opportunities hasrm will have market power in the trading opportunity, thoughmarkets accommodated trading of power for delivery at a

  9. 2007 Wholesale Power Rate Case Initial Proposal : Risk Analysis Study Documentation.

    SciTech Connect (OSTI)

    United States. Bonneville Power Administration.

    2005-11-01

    The RiskMod Model is comprised of a set of risk simulation models, collectively referred to as RiskSim; a set of computer programs that manages data referred to as Data Management Procedures; and RevSim, a model that calculates net revenues. RiskMod interacts with the AURORA Model, the RAM2007, and the ToolKit Model during the process of performing the Risk Analysis Study. AURORA is the computer model being used to perform the Market Price Forecast Study (see Market Price Forecast Study, WP-07-E-BPA-03); the RAM2007 is the computer model being used to calculate rates (see Wholesale Power Rate Development Study, WP-07-E-BPA-05); and the ToolKit is the computer model being used to develop the risk mitigation package that achieves BPA's 92.6 percent TPP standard (see Section 3 in the Risk Analysis Study, WP-07-E-BPA-04). Variations in monthly loads, resources, natural gas prices, forward market electricity prices, transmission expenses, and aluminum smelter benefit payments are simulated in RiskSim. Monthly spot market electricity prices for the simulated loads, resources, and natural gas prices are estimated by the AURORA Model. Data Management Procedures facilitate the format and movement of data that flow to and/or from RiskSim, AURORA, and RevSim. RevSim estimates net revenues using risk data from RiskSim, spot market electricity prices from AURORA, loads and resources data from the Load Resource Study, WP-07-E-BPA-01, various revenues from the Revenue Forecast component of the Wholesale Power Rate Development Study, WP-07-E-BPA-05, and rates and expenses from the RAM2007. Annual average surplus energy revenues, purchased power expenses, and section 4(h)(10)(C) credits calculated by RevSim are used in the Revenue Forecast and the RAM2007. Heavy Load Hour (HLH) and Light Load Hour (LLH) surplus and deficit energy values from RevSim are used in the Transmission Expense Risk Model. Net revenues estimated for each simulation by RevSim are input into the ToolKit Model to develop the risk mitigation package that achieves BPA's 92.6 percent TPP standard. The processes and interaction between each of the models and studies are depicted in Graph 1.

  10. 2007 Wholesale Power Rate Case Final Proposal : Risk Analysis Study Documentation.

    SciTech Connect (OSTI)

    United States. Bonneville Power Administration.

    2006-07-01

    The RiskMod Model is comprised of a set of risk simulation models, collectively referred to as RiskSim; a set of computer programs that manages data referred to as Data Management Procedures; and RevSim, a model that calculates net revenues. RiskMod interacts with the AURORA Model, the RAM2007, and the ToolKit Model during the process of performing the Risk Analysis Study. AURORA is the computer model being used to perform the Market Price Forecast Study (see Market Price Forecast Study, WP-07-FS-BPA-03); the RAM2007 is the computer model being used to calculate rates (see Wholesale Power Rate Development Study, WP-07-FS-BPA-05); and the ToolKit is the computer model being used to develop the risk mitigation package that achieves BPA's 92.6 percent TPP standard (see Section 3 in the Risk Analysis Study, WP-07-FS-BPA-04). Variations in monthly loads, resources, natural gas prices, forward market electricity prices, transmission expenses, and aluminum smelter benefit payments are simulated in RiskSim. Monthly spot market electricity prices for the simulated loads, resources, and natural gas prices are estimated by the AURORA Model. Data Management Procedures facilitate the format and movement of data that flow to and/or from RiskSim, AURORA, and RevSim. RevSim estimates net revenues using risk data from RiskSim, spot market electricity prices from AURORA, loads and resources data from the Load Resource Study, WP-07-FS-BPA-01, various revenues from the Revenue Forecast component of the Wholesale Power Rate Development Study, WP-07-FSBPA-05, and rates and expenses from the RAM2007. Annual average surplus energy revenues, purchased power expenses, and section 4(h)(10)(C) credits calculated by RevSim are used in the Revenue Forecast and the RAM2007. Heavy Load Hour (HLH) and Light Load Hour (LLH) surplus and deficit energy values from RevSim are used in the Transmission Expense Risk Model. Net revenues estimated for each simulation by RevSim are input into the ToolKit Model to develop the risk mitigation package that achieves BPA's 92.6 percent TPP standard. The processes and interaction between each of the models and studies are depicted in Graph 1.

  11. Computing Cournot Equilibria in Two Settlement Electricity Markets with Transmission Constraints

    E-Print Network [OSTI]

    1 Computing Cournot Equilibria in Two Settlement Electricity Markets with Transmission Constraints£ @ieor.berkeley.edu Abstract-- We formulate a two-settlement equilibrium in com- petitive electricity. I. INTRODUCTION The last decade has witnessed a fundamental transformation of the electric power

  12. The European Green Electricity Markets in 2010 Peter Meibom & Klaus Skytte

    E-Print Network [OSTI]

    ;Assumptions · Electricity demand projections based on growth rates EU Energy Outlook publication · CommodityThe European Green Electricity Markets in 2010 Peter Meibom & Klaus Skytte Systems Analysis policies differ among MS The EU Renewable Electricity Directive: · Indicative targets for EU (1997: 3

  13. Do Generation Firms in Restructured Electricity Markets Have Incentives to Support Socially-Efficient Transmission Investments? *

    E-Print Network [OSTI]

    .S. transmission system is under stress (Abraham, 2002). Growth of electricity demand and new generation capacity investment in new generation and growth in electricity demand. Much of the current underinvestment1 Do Generation Firms in Restructured Electricity Markets Have Incentives to Support Socially

  14. Lurching towards markets for power: China's electricity policy 19852007 Xiaoli Zhao a,c,

    E-Print Network [OSTI]

    Lyon, Thomas P.

    responsive to electricity demand and price signals to some extend. However, it cannot be proved a consistent balance between energy supply and demand [1]. A growing shortage of electricity in China forcedLurching towards markets for power: China's electricity policy 1985­2007 Xiaoli Zhao a,c, , Thomas

  15. Kirchhoff vs. Competitive Electricity Markets: A Few Examples Carlos E. Murillo-%nchez Ray D. Zimmerman

    E-Print Network [OSTI]

    Kirchhoff vs. Competitive Electricity Markets: A Few Examples Carlos E. Murillo-%nchez Ray D. Zimmerman School of Electrical and Computer Cornell University Ithaca, New York Robert J. Thomas Engineering AMract-Electric power is often regarded as a homoge- neous commodity due to the ubiquity

  16. Interdependencies of Electricity Market Characteristics and Bidding Strategies of Power Producers

    E-Print Network [OSTI]

    Gatterbauer, Wolfgang

    Interdependencies of Electricity Market Characteristics and Bidding Strategies of Power Producers by Wolfgang Karl Gatterbauer Submitted to the Engineering Systems Division and the Department of Electrical of Science in Technology and Policy Master of Science in Electrical Engineering and Computer Science

  17. EXPERIMENTAL TESTS OF COMPETITIVE MARKETS FOR ELECTRIC POWER Simon Ede, Timothy Mount, William Schulze, Robert Thomas, Ray Zimmerman

    E-Print Network [OSTI]

    CSMAE06 EXPERIMENTAL TESTS OF COMPETITIVE MARKETS FOR ELECTRIC POWER Simon Ede, Timothy Mount@cornell.edu, rjt1@cornell.edu, rz10@cornell.edu Abstract Testing the performance of electricity markets have been shown to be efficient. There is evidence from operating electricity markets that prices can

  18. Abstract--Although Locational Marginal Pricing (LMP) plays an important role in many restructured wholesale power

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    the performance of these markets. In this paper, different AC and DC optimal power flow (OPF) models are presented Terms-- Locational marginal pricing, wholesale power market, AC optimal power flow, DC optimal power to distinct local conditions (e.g., hydroelectric power in the northwest). Even in regions adopting the design

  19. Hybrid & electric vehicle technology and its market feasibility

    E-Print Network [OSTI]

    Jeon, Sang Yeob

    2010-01-01

    In this thesis, Hybrid Electric Vehicles (HEV), Plug-In Hybrid Electric Vehicle (PHEV) and Electric Vehicle (EV) technology and their sales forecasts are discussed. First, the current limitations and the future potential ...

  20. The Market Value and Cost of Solar Photovoltaic Electricity Production

    E-Print Network [OSTI]

    Borenstein, Severin

    2008-01-01

    dissipation during electricity transmission and distributionelectricity, and also ignores the potential savings in transmissionin an electricity grid re?ect the incremental transmission

  1. SCE&G-2-E Wholesale Power Rate Schedule | Department of Energy

    Energy Savers [EERE]

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Home Page on Google Bookmark EERE: Alternative Fuels Data Center Home Page on DeliciousMathematicsEnergyInterestedReplacement-2-A WholesaleRetrofitElectricalDepartment2-E Wholesale Power Rate

  2. SCE&G-3-E Wholesale Power Rate Schedule | Department of Energy

    Energy Savers [EERE]

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Home Page on Google Bookmark EERE: Alternative Fuels Data Center Home Page on DeliciousMathematicsEnergyInterestedReplacement-2-A WholesaleRetrofitElectricalDepartment2-E Wholesale Power

  3. SCE&G-4-E Wholesale Power Rate Schedule | Department of Energy

    Energy Savers [EERE]

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Home Page on Google Bookmark EERE: Alternative Fuels Data Center Home Page on DeliciousMathematicsEnergyInterestedReplacement-2-A WholesaleRetrofitElectricalDepartment2-E Wholesale Power4-E

  4. Electricity Monthly Update

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    Electric Reliability Council of Texas (ERCOT), and two locations in the California ISO (CAISO). Also shown are wholesale prices at trading hubs in Louisiana (into Entergy),...

  5. Time Series Methods for ForecastingElectricityMarket Pricing Zoran Obradovic Kevin Tomsovic

    E-Print Network [OSTI]

    Obradovic, Zoran

    of traditional commodities, such as,oil or agricultural products. Clearly, assessing the effectivenessTime Series Methods for ForecastingElectricityMarket Pricing Zoran Obradovic Kevin Tomsovic PO Box

  6. Modelling the Effects of Nuclear Fuel Reservoir Operation in a Competitive Electricity Market

    E-Print Network [OSTI]

    Lykidi, Maria

    In many countries, the electricity systems are quitting the vertically integrated monopoly organization for an operation framed by competitive markets. In such a competitive regime one can ask what the optimal management ...

  7. Dynamic modelling of generation capacity investment in electricity markets with high wind penetration 

    E-Print Network [OSTI]

    Eager, Daniel

    2012-06-25

    The ability of liberalised electricity markets to trigger investment in the generation capacity required to maintain an acceptable level of security of supply risk has been - and will continue to be - a topic of much ...

  8. Demand Response in U.S. Electricity Markets: Empirical Evidence

    E-Print Network [OSTI]

    Cappers, Peter

    2009-01-01

    vs. CSP.. 24market DR program by a CSP), (3) metering and telemetryof the interval data to CSP and ISO. As new entrants, CSPs

  9. Locational-based Coupling of Electricity Markets: Benefits from Coordinating Unit Commitment and Balancing Markets

    E-Print Network [OSTI]

    van der Weijde, Adriaan Hendrik; Hobbs, Benjamin F.

    their own market areas, while attempting to maintain day-ahead schedules of international power exchange (Oggioni & Smeers 2009). If neighbouring operators could coordinate their balancing markets while respecting locational constraints, redispatch costs...

  10. Electrifying Integration: Electricity Production and the South-East Europe Regional Energy Market

    E-Print Network [OSTI]

    Hooper, E.; Medvedev, A.

    an anonymous referee. ELECTRIFYING INTEGRATION: ELECTRICITY PRODUCTION AND THE SOUTH-EAST EUROPE REGIONAL ENERGY MARKET Elizabeth Hooper and Andrei Medvedev Centre for Competition Policy University of East Anglia, Norwich NR4 7TJ, United... and territories of the region entered a legally binding agreement, the Energy Treaty which established the Energy Community of South East Europe (ECSEE), and committed the parties to the formation of a regional electricity market. All are new or aspiring...

  11. Using Weather Derivatives to Improve the Efficiency of Forward Markets for Electricity*

    E-Print Network [OSTI]

    is an effective way to reduce the risk of purchasing electricity in a spot market. The main advantages are 1 of this paper is to use weather options to deal with the risk faced by customers in a volatile market prices. In reality, these options do not work very well as direct hedges against high prices in the spot

  12. Analysis of Competitive Electricity Markets under a New Model of Real-Time Retail Pricing with

    E-Print Network [OSTI]

    Bhatia, Sangeeta

    Analysis of Competitive Electricity Markets under a New Model of Real-Time Retail Pricing with Ex@tum.de Abstract--In this paper, we propose a new real-time retail pricing model characterized by ex and robustness properties than pure exant´e pricing. Index Terms--Real-Time Pricing, Market Stability, Economic

  13. Greed and Good Intentions: What Really Happened in California's Electricity Markets

    SciTech Connect (OSTI)

    Warwick, William M.; Grover, Stephen

    2002-03-01

    This article gives a detailed account of the 2000-2001 energy crisis in California. Deregulation of California's electric power industry is described and factors leading up to the failure of retail power markets are explained. The current state of the power market in California is also reported.

  14. Benefits of Demand Response in Electricity Markets and Recommendations...

    Broader source: Energy.gov (indexed) [DOE]

    bear little relation to the true production costs of electricity as they vary over time. Demand response is a tariff or program established to motivate changes in electric use by...

  15. Electricity Bill Savings from Residential Photovoltaic Systems: Sensitivities to Changes in Future Electricity Market Conditions

    E-Print Network [OSTI]

    Darghouth, Naim

    2014-01-01

    efficiency of real-time electricity pricing. Energy JournalTime-varying retail electricity prices: Theory and practice.Electricity Deregulation: Choices and Challenges.

  16. Optimal Contract for Wind Power in Day-Ahead Electricity Markets

    E-Print Network [OSTI]

    Wierman, Adam

    Optimal Contract for Wind Power in Day-Ahead Electricity Markets Desmond W. H. Cai1 Sachin Adlakha2 integration in current electric power systems. In this work, we study how a wind power producer can bid wind power producer will produce as much as wind power is available (up to its contract size). 1

  17. EFFICIENT PRICING IN ELECTRICITY MARKETS: WHO IS ON REAL-TIME PRICING 

    E-Print Network [OSTI]

    Fontana, Michelle

    2011-08-08

    commercial and industrial users of electricity pay prices that reflect the social cost of power at the time of consumption. This pricing mechanism is called “real-time pricing” (RTP) in electricity markets. I have access to a unique, new dataset of virtually...

  18. Dynamic Interactions in the Western United States Electricity Spot Markets Christine A. Jerko

    E-Print Network [OSTI]

    are balanced on a knife-edge with weather grid reliability, grid dynamics, transmission dynamicsDynamic Interactions in the Western United States Electricity Spot Markets Christine A. Jerko Economic Research Analyst at Tractebel Electricity & Gas International, Houston, TX James W. Mjelde

  19. Analysis of Competitive Electricity Markets under a New Model of Real-Time Retail Pricing with

    E-Print Network [OSTI]

    Hirche, Sandra

    Analysis of Competitive Electricity Markets under a New Model of Real-Time Retail Pricing with Ex loop system. Under this pricing mechanism, electricity is priced at the exant´e price (calculated based, dahleh, mitter}@mit.edu Siemens Corporate Technology, Munich, Germany dragan

  20. ESTIMATING THE VOLATILITY OF SPOT PRICES IN RESTRUCTURED ELECTRICITY MARKETS AND THE IMPLICATIONS FOR OPTION VALUES

    E-Print Network [OSTI]

    Draft 1e ESTIMATING THE VOLATILITY OF SPOT PRICES IN RESTRUCTURED ELECTRICITY MARKETS depends critically on the specification and estimation of the stochastic process that describes the price path. Accurate valuation of claims based on competitive electricity prices has proved problematic

  1. A uniform price auction with locational price adjustments for competitive electricity markets

    E-Print Network [OSTI]

    A uniform price auction with locational price adjustments for competitive electricity markets Price auction is an appropriate institution. However, an efficient implementation of this auction in an electricity context requires that the offers used in the auction reflect the appropriate locational price

  2. Market and Policy Barriers for Demand Response Providing Ancillary Services in U.S. Markets

    E-Print Network [OSTI]

    Cappers, Peter

    2014-01-01

    Response for Wholesale Ancillary Services. November 2009.Demand Response Providing Ancillary Services. Presented atManual 11: Energy & Ancillary Services Market Operations.

  3. A Comparison of Electricity Market Designs in Networks

    E-Print Network [OSTI]

    Ehrenmann, A; Neuhoff, Karsten

    2004-06-16

    . Harvey, Hogan and Pope (1996) suggested that the separated market design will exhibit inefficiencies when there is uncertainty, which can be empirically shown by the example of the German-Dutch interconnector (see Neuhoff 2003). These claims to efficiency...

  4. Allocating Transmission to Mitigate Market Power in Electricity Networks

    E-Print Network [OSTI]

    Neuhoff, Karsten; Newbery, David; Gilbert, Richard

    2004-06-16

    42200034307) is gratefully acknowledged. Sidgwick Avenue, Cambridge CB3 9DE, England Phone 44 1223 335200, Fax 44 1223 335299 1 interconnector capacity has an additional advantage as it reduces local market power (Joskow and Schmalensee, 1983). In many...

  5. Simulation Scenarios for the Western Electricity Market A Discussion Paper for the California Energy Commission Workshop on

    E-Print Network [OSTI]

    Ford, Andrew

    Simulation Scenarios for the Western Electricity Market A Discussion Paper for the California Energy Commission Workshop on Alternative Market Structures for California November 2001 Professor Andrew This paper was written to promote discussion at a workshop on alternative electricity markets in California

  6. Entropy of the Nordic electricity market: anomalous scaling, spikes, and mean-reversion

    E-Print Network [OSTI]

    Perello, J; Montero, M; Palatella, L; Simonsen, I; Masoliver, Jaume; Montero, Miquel; Palatella, Luigi; Perello, Josep; Simonsen, Ingve

    2006-01-01

    The electricity market is a very peculiar market due to the large variety of phenomena that can affect the spot price. However, this market still shows many typical features of other speculative (commodity) markets like, for instance, data clustering and mean reversion. We apply the diffusion entropy analysis (DEA) to the Nordic spot electricity market (Nord Pool). We study the waiting time statistics between consecutive spot price spikes and find it to show anomalous scaling characterized by a decaying power-law. The exponent observed in data follows a quite robust relationship with the one implied by the DEA analysis. We also in terms of the DEA revisit topics like clustering, mean-reversion and periodicities. We finally propose a GARCH inspired model but for the price itself. Models in the context of stochastic volatility processes appear under this scope to have a feasible description.

  7. Application to Export Electric Energy OE Docket No. EA-296-B Rainbow Energy Marketing Corp: Federal Register Notice, Volume 77, No. 66- April 4, 2012

    Broader source: Energy.gov [DOE]

    Application from Rainbow Energy Marketing Corp to export electric energy to Canada. Federal Register Notice.

  8. Uncertainties in the Value of Bill Savings from Behind-the-Meter, Residential Photovoltaic Systems: The Roles of Electricity Market Conditions, Retail Rate Design, and Net Metering

    E-Print Network [OSTI]

    Darghouth, Naim Richard

    2013-01-01

    on simulated electricity spot prices in Germany, using theelectricity generation on spot market prices in Germany.

  9. Inefficiencies and Market Power in Financial Arbitrage: A Study of California’s Electricity Markets

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, James; Wolfram, Catherine D

    2006-01-01

    in the California Power Exchange Energy Markets. ” Preparedhour. Trading in the Power Exchange (PX) took place the dayahead prices in the Power Exchange were more than 15% below

  10. Inefficiencies and Market Power in Financial Arbitrage: A Study of California's Electricity Markets

    E-Print Network [OSTI]

    Borenstein, Severin; Bushnell, James; Knittel, Christopher R.; Wolfram, Catherine

    2004-01-01

    in the California Power Exchange Energy Markets. ” Preparedhour. Trading in the Power Exchange (PX) took place the dayahead prices in the Power Exchange were more than 15% below

  11. EV Everywhere: America's Plug-In Electric Vehicle Market Charges...

    Energy Savers [EERE]

    the world's total and our transportation system producing a third of the country's carbon pollution, improving plug-in electric vehicle technology and increasing the number of...

  12. The Speed of Gasoline Price Response in Markets With and Without Edgeworth Cycles

    E-Print Network [OSTI]

    Lewis, Matt; Noel, Michael

    2009-01-01

    An Examination of the Retail Gasoline Market,” July 2005.OH. , “Temporary Wholesale Gasoline Price Spikes have Long-from the Toronto Retail Gasoline Market,” Journal of

  13. California wins by collaborating with China on electric vehicle market

    E-Print Network [OSTI]

    California at Davis, University of

    and strengthened policies. The motivation is clean air, as well as energy security and enhancing the domestic auto, renewable electricity and nuclear energy. #12;California can also benefit by learning from China's electric for climate policy. It is very likely the success of PEVs, along with renewable energy, played a role in China

  14. Analysis on various pricing scenarios in a deregulated electricity market 

    E-Print Network [OSTI]

    Afanador Delgado, Catalina

    2006-10-30

    to February 28, 2006, purchasing electricity on the tiered price would have cost $13,810,560. The forward contract, that is, purchasing electricity on a fixed rate, was the next cheapest with an energy cost of $14,266,870 from March 1, 2005 to February 28...

  15. Diagnosing and Mitigating Market Power in Chile's Electricity Industry

    E-Print Network [OSTI]

    Arellano, M. Soledad

    2004-06-16

    , Santiago Chile. Email: sarellano@dii.uchile.cl 1 1 Introduction Chile reformed and restructured its power industry in the early 1980's. Competition among generators was promoted and a 'simulated' spot market was created. Prices in this market were not truly... to 29.577 GWh, 37% of which was hydro-reservoir generation, 38% thermal generation and 26% hydro- Run-of-River (ROR) generation. Maximum demand in the year 2000 amounted to 4576 MW (April). The generating sector is highly concentrated: 93% of total...

  16. Liberalising the Dutch Electricity Market: 1998-2004

    E-Print Network [OSTI]

    van Damme, Eric

    2006-03-14

    of the residential retail market, where demand side subsidies were used to reach the Kyoto targets, which proved to be an expensive and ineffective system. In section 8, we draw some overall conclusions. 2. THE DUTCH MARKET IN 19981 The Energy Act of 1989... , while EPZ had 0.85 GW (6%) this including a nuclear station of 450 MW. The 6-7 GW of distributed (or ‘decentral’) generation capacity, was mainly CHP, co-owned by distribution companies and industry. This situation would largely remain unchanged until...

  17. Electricity Market Design: An Integrated Approach to Reliability Assurance

    E-Print Network [OSTI]

    McCalley, James D.

    -constrained generator unit commitment in the day-ahead market and security-constrained economic dispatch, security-constrained eco- nomic dispatch (SCED), security-constrained unit commitment (SCUC). I approach in the United States and throughout the world for well over a decade [3], [4]. In addition

  18. Role of CCTs in the evolving domestic electricity market

    SciTech Connect (OSTI)

    Grahame, T.J. [Dept. of Energy, Washington, DC (United States). Office of Coal and Power Systems

    1997-12-31

    The paper summarizes the key points and issues in the role of clean coal technologies in the domestic marketplace. Then suggested solutions to bringing precommercial CCTs to the market are presented. Finally, the outlook for possible actions by government and the private sector are briefly discussed.

  19. The Market Value and Cost of Solar Photovoltaic Electricity Production

    E-Print Network [OSTI]

    Borenstein, Severin

    2008-01-01

    the premium value of solar PV power to 0%-20% again. Whilepower to that location. While few dispute that the direct cost of electricity from the currently available solar

  20. The Market Value and Cost of Solar Photovoltaic Electricity Production

    E-Print Network [OSTI]

    Borenstein, Severin

    2008-01-01

    behind table 2 if one is evaluating solar PV production overthan one to two percentage points in solar PV valuation. Areplaced by one unit of electricity from on-site solar PV is

  1. The Brazilian electricity market : small hydropower strategic planning

    E-Print Network [OSTI]

    Rodriguez Gonzalez Cortes, Thomaz

    2015-01-01

    In 2013, Brazil had the 9th largest electricity generation in the planet, while having the 3rd largest hydroelectric generation (BP Global, 2015). Having more than 70% of its installed capacity coming from hydropower puts ...

  2. Competition and contracts in the Nordic Residential Electricity Markets

    E-Print Network [OSTI]

    Littlechild, Stephen C.

    2006-03-14

    , or rental versus ownership, or the predominance of district heating in apartments in urban areas. There is 8 Table 4 Switching by customer type in Sweden October 2004 Customer type Switched supplier % Contract with existing supplier % Total active... -switchers. evidence that customers in houses with electric heating are more active than customers in houses without electric heating. 16 Ofgem (2004 p. 188) has found that relative prices are important determinants of switching, and that the largest suppliers...

  3. Efficiency-risk tradeoffs in dynamic oligopoly markets : with application to electricity markets

    E-Print Network [OSTI]

    Huang, Qingqing, S.M. Massachusetts Institute of Technology

    2013-01-01

    In an abstract framework, we examine how a tradeoff between efficiency and risk arises in different dynamic oligopolistic markets. We consider a scenario where there is a reliable resource provider and agents which enter ...

  4. An institutional design for an electricity contract market with central dispatch

    SciTech Connect (OSTI)

    Chao, Hung-po; Peck, S.

    1997-02-01

    Chao and Peck (1996) introduce a new approach to the design of an efficient market that explicitly incorporates these externalities so that market efficiency can be restored. The main idea is the introduction of tradable transmission capacity rights that closely match physical power flows and a trading rule that codifies the effects of power transfers on power flows and transmission losses throughout the network in a way that is consistent with the physical laws. The trading rule specifies the transmission capacity rights and transmission loss compensation required for electricity transactions. It is demonstrated that the market mechanism will produce an efficient allocation in equilibrium, and a dynamic trading process that involves electricity trading and transmission bidding will converge to a market equilibrium in a stable manner. 11 refs., 6 figs., 5 tabs.

  5. Missing Money--Will the Current Electricity Market Structure Support High (~50%) Wind/Solar?; NREL (National Renewable Energy Laboratory)

    SciTech Connect (OSTI)

    Milligan, Michael

    2015-05-15

    This presentation summarizes the missing money problem and whether the current electricity market structure will support high penetration levels of wind and solar.

  6. Generator Bidding Strategies in a Competitive Electricity Market with Derating and Bid-Segment Considerations

    SciTech Connect (OSTI)

    Lu, Ning; Chow, Joe H.; Desrochers, Alan A.

    2009-07-31

    This paper develops optimal generator bidding strategies in a competitive electricity market. Starting from a generator’s cost curve, basic bidding concepts such as the break-even bid curve and the maximum profit bid curve can be readily derived. The maximum profit bid curve can be extended to account for generator availability and derating. In addition, multiple-segment block energy bids can be optimized based on the maximum profit curve and the probabilistic distribution of market clearing prices.

  7. Electricity market design for generator revenue sufficiency with increased

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantityBonneville Power Administration would like submitKansas Nuclear ProfileMultiferroic 2015Program ElectricityElectricity

  8. Role of Pumped Storage Hydro Resources in Electricity Markets and System Operation: Preprint

    SciTech Connect (OSTI)

    Ela, E.; Kirby, B.; Botterud, A.; Milostan, C.; Krad, I.; Koritarov, V.

    2013-05-01

    The most common form of utility- sized energy storage system is the pumped storage hydro system. Originally, these types of storage systems were economically viable simply because they displace more expensive generating units. However, over time, as those expensive units became more efficient and costs declined, pumped hydro storage units no longer have the operational edge. As a result, in the current electricity market environment, pumped storage hydro plants are struggling. To offset this phenomenon, certain market modifications should be addressed. This paper will introduce some of the challenges faced by pumped storage hydro plants in today's markets and purpose some solutions to those problems.

  9. Understanding electricity market reforms and the case of Philippine deregulation

    SciTech Connect (OSTI)

    Santiago, Andrea; Roxas, Fernando

    2010-03-15

    The experience of the Philippines offers lessons that should be relevant to any country seeking to deregulate its power industry. Regardless of structure, consumers must face the real price of electricity production and delivery that is closer to marginal cost. Politically motivated prices merely shift the burden from ratepayers to taxpayers. And any reform should work within a reasonable timetable. (author)

  10. Electricity Bill Savings from Residential Photovoltaic Systems: Sensitivities to Changes in Future Electricity Market Conditions

    E-Print Network [OSTI]

    Darghouth, Naim

    2014-01-01

    Mix High Storage Demand Response Increased CSP / decreased2011. Mass Market Demand Response and Variable GenerationMix With Short-Term Demand Response and Wind Penetration.

  11. Field Testing of Automated Demand Response for Integration of Renewable Resources in California's Ancillary Services Market for Regulation Products

    E-Print Network [OSTI]

    Kiliccote, Sila

    2013-01-01

    the Market Report for PJM: Ancillary Service Markets. 2010Response for Wholesale Ancillary Services", Grid—Kintner—Meyer, Loads Providing Ancillary Services: Review of

  12. Assumption to the Annual Energy Outlook 2014 - Electricity Market Module

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantity of Natural GasAdjustments (BillionProved Reserves (BillionTechnical InformationDecade Year-0 2Market Module This page

  13. Reforming Competitive Electricity Markets to Meet Environmental Targets

    E-Print Network [OSTI]

    Newbery, David

    if it goes ahead. Although the Carbon Price Floor (CPF) would make nuclear and on-shore wind economic (but not PV, CCS or off-shore wind, at least until after 2020), the CPF by itself is hardly bankable, and the aim is to increase the share of debt... it will encourage other countries to adopt these technologies when their costs fall sufficiently, thereby mitigating CO2 emissions with universal benefit. While it can be argued that all such learning and R&D creates market failures that justify public...

  14. Electricity Markets Analysis (EMA) Model | Open Energy Information

    Open Energy Info (EERE)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Home Page on Google Bookmark EERE: Alternative Fuels Data Center Home Page on QA:QA J-E-1 SECTIONRobertsdale, AlabamaETEC GmbH Jump to:Providence,NewInformation at SantaTransmissionArea,Markets

  15. Electricity Market Complex Adaptive System | Open Energy Information

    Open Energy Info (EERE)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Home Page on Google Bookmark EERE: Alternative Fuels Data Center Home Page on QA:QA J-E-1 SECTION J APPENDIX E LISTStar2-0057-EA Jump to:of theClimate Finance ReadinessNo4 Pinal CntyMarket Complex

  16. Bill Bradbury Jennifer Anders

    E-Print Network [OSTI]

    /Exports Wholesale Electricity Market Prices These These inputsinputs Wholesale Electricity Market Prices Including Market Price Caps on Wholesale Electricity Market Prices Annual Limits on Retrofit Conservation, 2014 MEMORANDUM TO: Power Committee FROM: Ben Kujala SUBJECT: RPM Redevelopment Project Discussion

  17. A Regional Approach to Market Monitoring in the West

    E-Print Network [OSTI]

    Barmack, Matthew; Kahn, Edward; Tierney, Susan; Goldman, Charles

    2006-01-01

    for trading standardized natural gas, power, and otherof bilateral trading in wholesale power markets. Volumes onahead on-peak power prices at two major trading hubs in the

  18. PNNL-SA-??? 1 Market Design Test Environments

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    are implementing versions of a Wholesale Power Market Platform (WPMP) in response to U.S. Federal Energy Regulatory and regulatory pressures are driving the exploration of new market designs at the wholesale and retail levels can be tested and sensitivities to power system and market rule changes can be explored. This paper

  19. Electronic copy available at: http://ssrn.com/abstract=2046853 Can Agent-Based Models Forecast Spot Prices in Electricity Markets? Evidence from the New

    E-Print Network [OSTI]

    Tesfatsion, Leigh

    Spot Prices in Electricity Markets? Evidence from the New Zealand Electricity Market David Young1 , Stephen Poletti2 , Oliver Browne2 24th January 2012 Abstract Modelling price formation in electricity markets is a notoriously difficult process, due to physical constraints on electricity generation and flow

  20. Quantifying the value of hydropower in the electric grid : role of hydropower in existing markets.

    SciTech Connect (OSTI)

    Loose, Verne W.

    2011-01-01

    The electrical power industry is facing the prospect of integrating a significant addition of variable generation technologies in the next several decades, primarily from wind and solar facilities. Overall, transmission and generation reserve levels are decreasing and power system infrastructure in general is aging. To maintain grid reliability modernization and expansion of the power system as well as more optimized use of existing resources will be required. Conventional and pumped storage hydroelectric facilities can provide an increasingly significant contribution to power system reliability by providing energy, capacity and other ancillary services. However, the potential role of hydroelectric power will be affected by another transition that the industry currently experiences - the evolution and expansion of electricity markets. This evolution to market-based acquisition of generation resources and grid management is taking place in a heterogeneous manner. Some North American regions are moving toward full-featured markets while other regions operate without formal markets. Yet other U.S. regions are partially evolved. This report examines the current structure of electric industry acquisition of energy and ancillary services in different regions organized along different structures, reports on the current role of hydroelectric facilities in various regions, and attempts to identify features of market and scheduling areas that either promote or thwart the increased role that hydroelectric power can play in the future. This report is part of a larger effort led by the Electric Power Research Institute with purpose of examining the potential for hydroelectric facilities to play a greater role in balancing the grid in an era of greater penetration of variable renewable energy technologies. Other topics that will be addressed in this larger effort include industry case studies of specific conventional and hydro-electric facilities, systemic operating constraints on hydro-electric resources, and production cost simulations aimed at quantifying the increased role of hydro.

  1. Case Study: Lessons Learned From Converting Electric Chillers to Steam Chillers in a Electric Deregulated Market

    E-Print Network [OSTI]

    Wohl, J.

    2001-01-01

    was that a flatter load profile due to steam cooling should allow better electric pricing from energy suppliers....

  2. Plug-In Hybrid Electric Vehicle Market Introduction Study: Final Report

    SciTech Connect (OSTI)

    Sikes, Karen; Gross, Thomas; Lin, Zhenhong; Sullivan, John; Cleary, Timothy; Ward, Jake

    2010-02-01

    Oak Ridge National Laboratory (ORNL), Sentech, Inc., Pacific Northwest National Laboratory (PNNL)/University of Michigan Transportation Research Institute (UMTRI), and the U.S. Department of Energy (DOE) have conducted a Plug-in Hybrid Electric Vehicle (PHEV) Market Introduction Study to identify and assess the effect of potential policies, regulations, and temporary incentives as key enablers for a successful market debut. The timeframe over which market-stimulating incentives would be implemented - and the timeframe over which they would be phased out - are suggested. Possible sources of revenue to help fund these mechanisms are also presented. In addition, pinch points likely to emerge during market growth are identified and proposed solutions presented. Finally, modeling results from ORNL's Market Acceptance of Advanced Automotive Technologies (MA3T) Model and UMTRI's Virtual AutoMotive MarketPlace (VAMMP) Model were used to quantify the expected effectiveness of the proposed policies and to recommend a consensus strategy aimed at transitioning what begins as a niche industry into a thriving and sustainable market by 2030. The primary objective of the PHEV Market Introduction Study is to identify the most effective means for accelerating the commercialization of PHEVs in order to support national energy and economic goals. Ideally, these mechanisms would maximize PHEV sales while minimizing federal expenditures. To develop a robust market acceleration program, incentives and policies must be examined in light of: (1) clarity and transparency of the market signals they send to the consumer; (2) expenditures and resources needed to support them; (3) expected impacts on the market for PHEVs; (4) incentives that are compatible and/or supportive of each other; (5) complexity of institutional and regulatory coordination needed; and (6) sources of funding.

  3. FIRST PRICE AND SECOND PRICE AUCTION MODELLING FOR ENERGY CONTRACTS IN LATIN AMERICAN ELECTRICITY MARKETS

    E-Print Network [OSTI]

    Catholic University of Chile (Universidad Católica de Chile)

    FIRST PRICE AND SECOND PRICE AUCTION MODELLING FOR ENERGY CONTRACTS IN LATIN AMERICAN ELECTRICITY and capacity markets have been investigated for this purpose. Latin American mar- kets are exploring energy and couple the existing outlook of primary energy resources and the investment interest by the private sector

  4. Cournot Equilibrium in Price-capped Two-Settlement Electricity Markets

    E-Print Network [OSTI]

    of California Energy Institute 4135 Etcheverry Hall 2547 Channing Way University of California at Berkeley-- We compare two alternative mechanisms for cap- ping prices in two-settlement electricity markets explore the implications of the two alternative mechanisms in a two settlement Cournot equilibrium

  5. A method for classifying offer strategies observed in an electricity market

    E-Print Network [OSTI]

    A method for classifying offer strategies observed in an electricity market HyungSeon Oha,*, Robert units will operate at marginal cost when given the ability to offer their power for sale in a uniform they will hedge their profits through higher than marginal cost offers and through withholding units if permitted

  6. Air Separation with Cryogenic Energy Storage: Optimal Scheduling Considering Electric Energy and Reserve Markets

    E-Print Network [OSTI]

    Grossmann, Ignacio E.

    Air Separation with Cryogenic Energy Storage: Optimal Scheduling Considering Electric Energy Aachen, Germany cPraxair, Inc., Business and Supply Chain Optimization R&D, Tonawanda, NY 14150, USA d) storing purchased energy and selling it back to the market during higher-price periods, (3) creating

  7. A SURVEY OF COMMODITY MARKETS AND STRUCTURAL MODELS FOR ELECTRICITY PRICES

    E-Print Network [OSTI]

    Carmona, Rene

    A SURVEY OF COMMODITY MARKETS AND STRUCTURAL MODELS FOR ELECTRICITY PRICES RENE CARMONA AND MICHAEL and the methods which have been proposed to handle them in spot and forward price models. We devote special focus on the important role of other energy prices and fundamental factors in setting the power price

  8. Risk-Based Strategies for Wind/Pumped-Hydro Coordination under Electricity Markets

    E-Print Network [OSTI]

    Boyer, Edmond

    be reduced by coupling the wind farm with energy storage facilities, thus constituting a virtual power plant1 Risk-Based Strategies for Wind/Pumped-Hydro Coordination under Electricity Markets Franck Bourry is able to minimize the imbalance penalty risks associated to wind power forecast uncertainty through

  9. Project Information Form Project Title The Dynamics of Plug-in Electric Vehicles in the Secondary Market and

    E-Print Network [OSTI]

    California at Davis, University of

    Project Until recently, there were very few used plug-in electric vehicles (PEVs) on the market. HoweverProject Information Form Project Title The Dynamics of Plug-in Electric Vehicles in the Secondary Market and Their Implications for Vehicle Demand, Durability, and Emissions University UC Davis Principal

  10. Benefits and Challenges of Achieving a Mainstream Market for Electric Vehicles

    SciTech Connect (OSTI)

    Ungar, Edward [Taratec Corporation; Mueller, Howard [Taratec Corporation; Smith, Brett [Center for Automotive Research

    2010-08-01

    The Plug-in Hybrid electric Vehicle (PHEV) Market Introduction Study Final Report identified a range of policies, incentives and regulations designed to enhance the probability of success in commercializing PHEVs as they enter the automotive marketplace starting in 2010. The objective of the comprehensive PHEV Value Proposition study, which encompasses the PHEV Market Introduction Study, is to better understand the value proposition that PHEVs (as well as other plug-in electric vehicle platforms - PEVs) provide to the auto companies themselves, to the consumer and to the public at large as represented by the government and its public policies. In this report we use the more inclusive term PEVs, to include PHEVs, BEVs (battery electric vehicles that operate only on battery) and EREVs (extended range electric vehicles that combine battery electric vehicles with an internal combustion engine that charges the battery as needed). The objective of Taratec's contribution to Phase 2 of the PHEV Value Proposition Study is to develop a clear understanding of the benefits of PEVs to three stakeholders - auto original equipment manufacturers (OEMs), utilities, and the government - and of the technical and commercial challenges and risks to be overcome in order to achieve commercial success for these vehicles. The goal is to understand the technical and commercial challenges in moving from the 'early adopters' at the point of market introduction of these vehicles to a 'sustainable' mainstream market in which PEVs and other PEVs represent a normal, commercially available and attractive vehicle to the mainstream consumer. For the purpose of this study, that sustainable market is assumed to be in place in the 2030 timeframe. The principal focus of the study is to better understand the technical and commercial challenges in the transition from early adopters to a sustainable mainstream consumer market. Effectively, that translates to understanding the challenges to be overcome during the transition period - basically the middle years as the second and third generation of these vehicles are developed and come to market. The concern is to understand those things that in the near term would delay that transition. The study looked at identifying and then quantifying these technical and commercial risks and benefits from three perspectives: (1) The auto industry original equipment manufacturers (OEMs) themselves; (2) The utilities who will provide the electric 'fuel' that will fully or partially power the vehicles; and (3) The government, representing public policy interest in PEV success. By clarifying and quantifying these benefits and the technical and commercial risks that could delay the transition to a sustainable mainstream market, the study provides the basis for developing recommendations for government policies and support for PHEV and PEV development.

  11. Biomass Fired Electricity Generation Market | OpenEI Community

    Open Energy Info (EERE)

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Home Page on Google Bookmark EERE: Alternative Fuels Data Center Home Page on QA:QA J-E-1 SECTION J APPENDIX E LISTStar Energy LLC Jump to:Greece:BajoBelpowerBiocarFired Electricity Generation

  12. Competition and Reliability in North American Electricity Markets Technical

    Broader source: Energy.gov (indexed) [DOE]

    AFDC Printable Version Share this resource Send a link to EERE: Alternative Fuels Data Center Home Page to someone by E-mail Share EERE: Alternative Fuels Data Center Home Page on Facebook Tweet about EERE: Alternative Fuels Data Center Home Page on Twitter Bookmark EERE: Alternative Fuels Data Center Homesum_a_epg0_fpd_mmcf_m.xls" ,"Available from WebQuantity of Natural GasAdjustmentsShirleyEnergy A plug-in electric vehicle (PEV)Day-June 22,FresnoSky Energy of Ohio

  13. Impacts of Western Area Power Administration`s power marketing alternatives on electric utility systems

    SciTech Connect (OSTI)

    Veselka, T.D.; Portante, E.C.; Koritarov, V. [and others

    1995-03-01

    This technical memorandum estimates the effects of alternative contractual commitments that may be initiated by the Western Area Power Administration`s Salt Lake City Area Office. It also studies hydropower operational restrictions at the Salt Lake City Area Integrated Projects in combination with these alternatives. Power marketing and hydropower operational effects are estimated in support of Western`s Electric Power Marketing Environmental Impact Statement (EIS). Electricity production and capacity expansion for utility systems that will be directly affected by alternatives specified in the EIS are simulated. Cost estimates are presented by utility type and for various activities such as capacity expansion, generation, long-term firm purchases and sales, fixed operation and maintenance expenses, and spot market activities. Operational changes at hydropower facilities are also investigated.

  14. Next-generation building energy management systems and implications for electricity markets.

    SciTech Connect (OSTI)

    Zavala, V. M.; Thomas, C.; Zimmerman, M.; Ott, A.

    2011-08-11

    The U.S. national electric grid is facing significant changes due to aggressive federal and state targets to decrease emissions while improving grid efficiency and reliability. Additional challenges include supply/demand imbalances, transmission constraints, and aging infrastructure. A significant number of technologies are emerging under this environment including renewable generation, distributed storage, and energy management systems. In this paper, we claim that predictive energy management systems can play a significant role in achieving federal and state targets. These systems can merge sensor data and predictive statistical models, thereby allowing for a more proactive modulation of building energy usage as external weather and market signals change. A key observation is that these predictive capabilities, coupled with the fast responsiveness of air handling units and storage devices, can enable participation in several markets such as the day-ahead and real-time pricing markets, demand and reserves markets, and ancillary services markets. Participation in these markets has implications for both market prices and reliability and can help balance the integration of intermittent renewable resources. In addition, these emerging predictive energy management systems are inexpensive and easy to deploy, allowing for broad building participation in utility centric programs.

  15. Modeling renewable portfolio standards for the annual energy outlook 1998 - electricity market module

    SciTech Connect (OSTI)

    NONE

    1998-02-01

    The Electricity Market Module (EMM) is the electricity supply component of the National Energy Modeling System (NEMS). The EMM represents the generation, transmission, and pricing of electricity. It consists of four submodules: the Electricity Capacity Planning (ECP) Submodule, the Electricity Fuel Dispatch (EFD) Submodule, the Electricity Finance and Pricing (EFP) Submodule, and the Load and Demand-Side Management (LDSM) Submodule. For the Annual Energy Outlook 1998 (AEO98), the EMM has been modified to represent Renewable Portfolio Standards (RPS), which are included in many of the Federal and state proposals for deregulating the electric power industry. A RPS specifies that electricity suppliers must produce a minimum level of generation using renewable technologies. Producers with insufficient renewable generating capacity can either build new plants or purchase {open_quotes}credits{close_quotes} from other suppliers with excess renewable generation. The representation of a RPS involves revisions to the ECP, EFD, and the EFP. The ECP projects capacity additions required to meet the minimum renewable generation levels in future years. The EFD determines the sales and purchases of renewable credits for the current year. The EFP incorporates the cost of building capacity and trading credits into the price of electricity.

  16. Uncertainties in the Value of Bill Savings from Behind-the-Meter, Residential Photovoltaic Systems: The Roles of Electricity Market Conditions, Retail Rate Design, and Net Metering

    E-Print Network [OSTI]

    Darghouth, Naim Richard

    2013-01-01

    into the day-ahead market, using solar production forecasts.Impact of Solar PV on Electricity Markets in Texas (PreparedS. , 2008. The Market Value and Cost of Solar Photovoltaic

  17. Abstract--Transmission expansion in fast growing economies imposes severe challenges to electricity markets, given the need

    E-Print Network [OSTI]

    Dixon, Juan

    and persistent increases in the per capita energy consumption bring about high electricity load growth rates to electricity markets, given the need for planning and executing major midterm investments in an environment, renewable energy, renewable integration, electricity regulation I. INTRODUCTION EALING with uncertainty has

  18. Do Generation Firms in Restructured Electricity Markets Have Incentives to Support Social-Welfare-Improving Transmission Investments? *

    E-Print Network [OSTI]

    Oren, Shmuel S.

    Transmission Grid Study of the U.S. Department of Energy (Abraham, 2002) declares: "Growth in electricity of incentives for investment in the U.S. electricity transmission system are sparse. Moreover, noneDo Generation Firms in Restructured Electricity Markets Have Incentives to Support Social

  19. 2007 Wholesale Power Rate Case Initial Proposal : Wholesale Power Rate Development Study.

    SciTech Connect (OSTI)

    United States. Bonneville Power Administration.

    2007-11-01

    The Wholesale Power Rate Development Study (WPRDS) calculates BPA proposed rates based on information either developed in the WPRDS or supplied by the other studies that comprise the BPA rate proposal. All of these studies, and accompanying documentation, provide the details of computations and assumptions. In general, information about loads and resources is provided by the Load Resource Study (LRS), WP-07-E-BPA-01, and the LRS Documentation, WP-07-E-BPA-01A. Revenue requirements information, as well as the Planned Net Revenues for Risk (PNNR), is provided in the Revenue Requirement Study, WP-07-E-BPA-02, and its accompanying Revenue Requirement Study Documentation, WP-07-E-BPA-02A and WP-07-E-BPA-02B. The Market Price Forecast Study (MPFS), WP-07-E-BPA-03, and the MPFS Documentation, WP-07-E-BPA-03A, provide the WPRDS with information regarding seasonal and diurnal differentiation of energy rates, as well information regarding monthly market prices for Demand Rates. In addition, this study provides information for the pricing of unbundled power products. The Risk Analysis Study, WP-07-E-BPA-04, and the Risk Analysis Study Documentation, WP-07-E-BPA-04A, provide short-term balancing purchases as well as secondary energy sales and revenue. The Section 7(b)(2) Rate Test Study, WP-07-E-BPA-06, and the Section 7(b)(2) Rate Test Study Documentation, WP-07-E-BPA-06A, implement Section 7(b)(2) of the Northwest Power Act to ensure that BPA preference customers firm power rates applied to their general requirements are no higher than rates calculated using specific assumptions in the Northwest Power Act.

  20. Presented at 38th Annual Hawaii International Conference on Systems Science, Waikoloa, HI, Jan. 5-8,2005 Market Structure and the Predictability of Electricity System Line Flows

    E-Print Network [OSTI]

    -8,2005 Market Structure and the Predictability of Electricity System Line Flows: An Experimental Analysis Nodir system that is commonly used in most electricity markets. DRP was usually somewhere in between. Not only of typical single- sided electricity markets, the resulting simulated line flows are linearly proportional

  1. Linear Clearing Prices in Non-Convex European Day-Ahead Electricity Markets

    E-Print Network [OSTI]

    Martin, Alexander; Pokutta, Sebastian

    2012-01-01

    The European power grid can be divided into several market areas where the price of electricity is determined in a day-ahead auction. Market participants can provide continuous hourly bid curves and combinatorial bids with associated quantities given the prices. The goal of our auction is to maximize the economic surplus of all participants subject to transmission constraints and the existence of linear prices. In general strict linear prices do not exist in non-convex markets. Therefore we enforce the existence of linear prices where no one incurs a loss and only combinatorial bids might see a not realized gain. The resulting optimization problem is an MPEC that can not be solved efficiently by a standard solver. We present an exact algorithm and a fast heuristic for this type of problem. Both algorithms decompose the MPEC into a master MIP and price subproblems (LPs). The modeling technique and the algorithms are applicable to all MIP based combinatorial auctions.

  2. Lost Economies of Integration and the Costs of Creating Markets in Electricity Restructuring: Evidence from Ontario

    SciTech Connect (OSTI)

    Houldin, Russell William

    2005-10-01

    The public good nature of bulk grid electricity leads to a twist on the economic debate about oligopoly and economies of scale and scope. In contestability theory, the introduction of 'competitive conditions' aims to reduce oligopoly rents; in the case of Ontario, it seems that the attempt to create a 'competitive market' has created new opportunities for rent accrual. That suggests that a return to a more integrated system might be the best course of action.

  3. A Mixed Nordic Experience: Implementing Competitive Retail Electricity Markets for Household Customers

    SciTech Connect (OSTI)

    Olsen, Ole Jess; Johnsen, Tor Arnt; Lewis, Philip

    2006-11-15

    Although the Nordic countries were among the first to develop competition in the electricity industry, it took a long time to make retail competition work. In Norway and Sweden a considerable number of households are actively using the market but very few households are active in Finland and Denmark. One problem has been institutional barriers involving metering, limited unbundling of distribution and supply, and limited access to reliable information on contracts and prices. (author)

  4. Integrating Variable Renewable Energy in Electric Power Markets: Best Practices from International Experience, Summary for Policymakers

    SciTech Connect (OSTI)

    Cochran, J.; Bird, L.; Heeter, J.; Arent, D. A.

    2012-04-01

    Many countries -- reflecting very different geographies, markets, and power systems -- are successfully managing high levels of variable renewable energy on the electric grid, including that from wind and solar energy. This document summarizes policy best practices that energy ministers and other stakeholders can pursue to ensure that electricity markets and power systems can effectively coevolve with increasing penetrations of variable renewable energy. There is no one-size-fits-all approach; each country studied has crafted its own combination of policies, market designs, and system operations to achieve the system reliability and flexibility needed to successfully integrate renewables. Notwithstanding this diversity, the approaches taken by the countries studied all coalesce around five strategic areas: lead public engagement, particularly for new transmission; coordinate and integrate planning; develop rules for market evolution that enable system flexibility; expand access to diverse resources and geographic footprint of operations; and improve system operations. This study also emphatically underscores the value of countries sharing their experiences. The more diverse and robust the experience base from which a country can draw, the more likely that it will be able to implement an appropriate, optimized, and system-wide approach.

  5. Integrating Variable Renewable Energy in Electric Power Markets: Best Practices from International Experience

    SciTech Connect (OSTI)

    Cochran, J.; Bird, L.; Heeter, J.; Arent, D. A.

    2012-04-01

    Many countries -- reflecting very different geographies, markets, and power systems -- are successfully managing high levels of variable renewable energy on the electric grid, including that from wind and solar energy. This study documents the diverse approaches to effective integration of variable renewable energy among six countries -- Australia (South Australia), Denmark, Germany, Ireland, Spain, and the United States (Western region-Colorado and Texas)-- and summarizes policy best practices that energy ministers and other stakeholders can pursue to ensure that electricity markets and power systems can effectively coevolve with increasing penetrations of variable renewable energy. Each country has crafted its own combination of policies, market designs, and system operations to achieve the system reliability and flexibility needed to successfully integrate renewables. Notwithstanding this diversity, the approaches taken by the countries studied all coalesce around five strategic areas: lead public engagement, particularly for new transmission; coordinate and integrate planning; develop rules for market evolution that enable system flexibility; expand access to diverse resources and geographic footprint of operations; and improve system operations. The ability to maintain a broad ecosystem perspective, to organize and make available the wealth of experiences, and to ensure a clear path from analysis to enactment should be the primary focus going forward.

  6. Integrating Variable Renewable Energy in Electric Power Markets. Best Practices from International Experience

    SciTech Connect (OSTI)

    Cochran, Jaquelin; Bird, Lori; Heeter, Jenny; Arent, Douglas J.

    2012-04-30

    Many countries—reflecting very different geographies, markets, and power systems—are successfully managing high levels of variable renewable energy on the electric grid, including that from wind and solar energy. This document summarizes policy best practices that energy ministers and other stakeholders can pursue to ensure that electricity markets and power systems can effectively coevolve with increasing penetrations of variable renewable energy. There is no one-size-fits-all approach; each country studied has crafted its own combination of policies, market designs, and system operations to achieve the system reliability and flexibility needed to successfully integrate renewables. Notwithstanding this diversity, the approaches taken by the countries studied all coalesce around five strategic areas: lead public engagement, particularly for new transmission; coordinate and integrate planning; develop rules for market evolution that enable system flexibility; expand access to diverse resources and geographic footprint of operations; and improve system operations. This study also emphatically underscores the value of countries sharing their experiences. The more diverse and robust the experience base from which a country can draw, the more likely that it will be able to implement an appropriate, optimized, and system-wide approach.

  7. Integrating Variable Renewable Energy in Electric Power Markets. Best Practices from International Experience, Summary for Policymakers

    SciTech Connect (OSTI)

    Cochran, Jaquelin; Bird, Lori; Heeter, Jenny; Arent, Douglas J.

    2012-04-30

    Many countries - reflecting very different geographies, markets, and power systems - are successfully managing high levels of variable renewable energy on the electric grid, including that from wind and solar energy. This document summarizes policy best practices that energy ministers and other stakeholders can pursue to ensure that electricity markets and power systems can effectively coevolve with increasing penetrations of variable renewable energy. There is no one-size-fits-all approach; each country studied has crafted its own combination of policies, market designs, and system operations to achieve the system reliability and flexibility needed to successfully integrate renewables. Notwithstanding this diversity, the approaches taken by the countries studied all coalesce around five strategic areas: lead public engagement, particularly for new transmission; coordinate and integrate planning; develop rules for market evolution that enable system flexibility; expand access to diverse resources and geographic footprint of operations; and improve system operations. This study also emphatically underscores the value of countries sharing their experiences. The more diverse and robust the experience base from which a country can draw, the more likely that it will be able to implement an appropriate, optimized, and system-wide approach.

  8. The Impact of Energy Efficiency and Demand Response Programs on the U.S. Electricity Market

    SciTech Connect (OSTI)

    Baek, Young Sun; Hadley, Stanton W

    2012-01-01

    This study analyzes the impact of the energy efficiency (EE) and demand response (DR) programs on the grid and the consequent level of production. Changes in demand caused by EE and DR programs affect not only the dispatch of existing plants and new generation technologies, the retirements of old plants, and the finances of the market. To find the new equilibrium in the market, we use the Oak Ridge Competitive Electricity Dispatch Model (ORCED) developed to simulate the operations and costs of regional power markets depending on various factors including fuel prices, initial mix of generation capacity, and customer response to electricity prices. In ORCED, over 19,000 plant units in the nation are aggregated into up to 200 plant groups per region. Then, ORCED dispatches the power plant groups in each region to meet the electricity demands for a given year up to 2035. In our analysis, we show various demand, supply, and dispatch patterns affected by EE and DR programs across regions.

  9. Topic A and B Awardee: Electric Reliability Council of Texas...

    Office of Energy Efficiency and Renewable Energy (EERE) Indexed Site

    units. ERCOT also manages financial settlement for the competitive wholesale bulk-power market and administers customer switching for 6.5 million Texans in competitive...

  10. Horticultural marketing in Kenya: conduct and performance 

    E-Print Network [OSTI]

    Mutoka, Dickson Teyie

    1981-01-01

    at the wholesale ard Retail Levels. . V. DATA ANALYSIS AND RESULTS. 35 37 39 40 41 43 45 48 Price Movement Between Markets. . . . . Wholesale Margin Analysis. Nairobi to Mombasa Price Behavior. . Retail Price Behavior 48 52 64 69 VI . SUMMARY... that would ensure that growers, retailers and consumers are getting the services of fruits and vegetable trade at their lowest cost. ". . . The market is congested by vehicles, overcrowded by market participants, with higher trade margins than necessary...

  11. A Primer on Electric Utilities, Deregulation, and Restructuring of U.S. Electricity Markets

    SciTech Connect (OSTI)

    Warwick, William M.

    2002-06-03

    This primer is offered as an introduction to utility restructuring to better prepare readers for ongoing changes in public utilities and associated energy markets. It is written for use by individuals with responsibility for the management of facilities that use energy, including energy managers, procurement staff, and managers with responsibility for facility operations and budgets. The primer was prepared by the Pacific Northwest National Laboratory under sponsorship from the U.S. Department of Energy?s Federal Energy Management Program. The impetus for this primer originally came from the Government Services Administration who supported its initial development.

  12. Potential Applications for Nuclear Energy besides Electricity Generation: AREVA Global Perspective of HTR Potential Market

    SciTech Connect (OSTI)

    Soutworth, Finis; Gauthier, Jean-Claude; Lecomte, Michel; Carre, Franck

    2007-07-01

    Energy supply is increasingly showing up as a major issue for electricity supply, transportation, settlement, and process heat industrial supply including hydrogen production. Nuclear power is part of the solution. For electricity supply, as exemplified in Finland and France, the EPR brings an immediate answer; HTR could bring another solution in some specific cases. For other supply, mostly heat, the HTR brings a solution inaccessible to conventional nuclear power plants for very high or even high temperature. As fossil fuels costs increase and efforts to avoid generation of Greenhouse gases are implemented, a market for nuclear generated process heat will develop. Following active developments in the 80's, HTR have been put on the back burner up to 5 years ago. Light water reactors are widely dominating the nuclear production field today. However, interest in the HTR technology was renewed in the past few years. Several commercial projects are actively promoted, most of them aiming at electricity production. ANTARES is today AREVA's response to the cogeneration market. It distinguishes itself from other concepts with its indirect cycle design powering a combined cycle power plant. Several reasons support this design choice, one of the most important of which is the design flexibility to adapt readily to combined heat and power applications. From the start, AREVA made the choice of such flexibility with the belief that the HTR market is not so much in competition with LWR in the sole electricity market but in the specific added value market of cogeneration and process heat. In view of the volatility of the costs of fossil fuels, AREVA's choice brings to the large industrial heat applications the fuel cost predictability of nuclear fuel with the efficiency of a high temperature heat source free of greenhouse gases emissions. The ANTARES module produces 600 MWth which can be split into the required process heat, the remaining power drives an adapted prorated electric plant. Depending on the process heat temperature and power needs, up to 80 % of the nuclear heat is converted into useful power. An important feature of the design is the standardization of the heat source, as independent as possible of the process heat application. This should expedite licensing. The essential conditions for success include: 1. Timely adapted licensing process and regulations, codes and standards for such application and design; 2. An industry oriented R and D program to meet the technological challenges making the best use of the international collaboration. Gen IV could be the vector; 3. Identification of an end user (or a consortium of) willing to fund a FOAK. (authors)

  13. Teaching Direct Marketing and Small Farm Viability: Resources for Instructors, 2nd Edition. Part 4 - Other Direct and Intermediate Marketing Options

    E-Print Network [OSTI]

    2015-01-01

    farmers’ markets, roadside stands, restaurants, and retail •the wholesale market and reselling it at a retail mark-up. •and market managers should work to ensure that everyone receives close to retail

  14. Docket No. PA02-2-000 Price Manipulation in Western MarketsV-1 V. The Influence of Electricity Spot Prices on Electricity

    E-Print Network [OSTI]

    Laughlin, Robert B.

    Chapter V Docket No. PA02-2-000 Price Manipulation in Western MarketsV-1 V. The Influence of Electricity Spot Prices on Electricity Forward Prices Summary of Results The vital link between the spot price and forward price for a commodity is the ability to store the commodity. In essence, someone can meet future

  15. The Household Market for Electric Vehicles: Testing the Hybrid Household Hypothesis--A Reflively Designed Survey of New-car-buying, Multi-vehicle California Households

    E-Print Network [OSTI]

    Turrentine, Thomas; Kurani, Kenneth

    1995-01-01

    a sidebar to a longer article on electric vehicles. ) Cogan,R. Electric vehicles: Powerplay on the auto circuit. MotorA Critical Review of Electric Vehicle Market Studies",

  16. The Household Market for Electric Vehicles: Testing the Hybrid Household Hypothesis -- A Reflexively Designed Survey of New-Car-Buying Multi-Vehicle California Households

    E-Print Network [OSTI]

    Turrentine, Thomas; Kurani, Kenneth S.

    2001-01-01

    and the demand electric vehicles", Transportation ResearchA,Critical Review Electric Vehicle MarketStudies", ReleasableR. (1993) Report of the Electric Vehicle at-HomeRefi~ehng

  17. ELECTRICITY TRANSMISSION IN DEREGULATED MARKETS; CONFERENCE AT CARNEGIE MELLON UNIVERSITY, PITTSBURGH PA USA DECEMBER 2004 1 A criticality approach to monitoring cascading

    E-Print Network [OSTI]

    ELECTRICITY TRANSMISSION IN DEREGULATED MARKETS; CONFERENCE AT CARNEGIE MELLON UNIVERSITY the risk of cascading failure of electric power transmission systems as overall loading is increased failure is the usual mechanism for large blackouts of electric power transmission systems. For example

  18. ELEC0018-1 Energy markets -Assignement: Impact of a nuclear power phase-out on the electricity price.

    E-Print Network [OSTI]

    Ernst, Damien

    ELEC0018-1 Energy markets - Assignement: Impact of a nuclear power phase-out on the electricity of the energy markets in order to get a reasoned conclusion about the impact that a nuclear power phase care should be given to the following aspects: · Put the nuclear power sector into perspective

  19. "Two-Sided Electricity Markets: Self-Healing Systems" Richard E. Schuler , P.E., Ph.D.

    E-Print Network [OSTI]

    , retail suppliers and large customers have installed frequency-sensing devices to turn off or reduce power of full two-sided electricity markets are cleared subject to the laws of physics over Cornell's Power portion (20 percent) of active customers to mute the market- power exercised by sophisticated players

  20. An Analysis of Price Volatility in Different Spot Markets for Electricity in the U.S.A.

    E-Print Network [OSTI]

    An Analysis of Price Volatility in Different Spot Markets for Electricity in the U.S.A. by Tim University e-mail: tdm2@cornell.edu Abstract Earlier research has shown that the behavior of spot prices. This model captures the observed price spikes that occur in these markets, particularly during the summer