Generation co-ordination and energy trading systems in an open market
Abstract
The power industry in many parts of the world is currently undergoing dramatic changes: deregulation, privatization, competition and 3rd party access are the keywords. The major trends are summarized at the beginning of the paper to provide the basis for the evolving consequences for the power generation industry. In the restructured environment of the Open Market power generation companies frequently are organizationally separated from transmission, distribution, and supply and now have to sell their product directly to customers. This necessitates the introduction of energy trading support functions for both bilateral trading and power exchange trading. On the other hand, there is a close relationship between energy trading and the technical process of energy production. The paper discusses design principles for software systems supporting maximum economic benefits. First practical application experience is also presented. The energy trading process requires the break up of proprietary databases and proprietary data structures as this process has a major need to communicate with external partners who normally use different systems. This directly leads to 3rd party products for the database, standardized data structures and standardized communication protocols. The Open Market environment calls for new and modified planning functions: in some cases measured value information necessarymore »
- Authors:
- Publication Date:
- Research Org.:
- Siemens AG, Nuremberg (DE)
- OSTI Identifier:
- 20018793
- Report Number(s):
- CONF-9806214-
TRN: IM200018%%27
- Resource Type:
- Conference
- Resource Relation:
- Conference: Power-Gen Europe'98, Milan (IT), 06/09/1998--06/11/1998; Other Information: 1 CD-ROM. Operating Systems: Windows 3.1, '95, '98 and NT; Macintosh; and UNIX; PBD: [1998]; Related Information: In: Power-gen Europe'98, [2400] pages.
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 29 ENERGY PLANNING, POLICY AND ECONOMY; ELECTRIC POWER INDUSTRY; POWER TRANSMISSION; MARKET; INFORMATION SYSTEMS; DATA TRANSMISSION; COMPUTER CODES
Citation Formats
Eichler, R. Generation co-ordination and energy trading systems in an open market. United States: N. p., 1998.
Web.
Eichler, R. Generation co-ordination and energy trading systems in an open market. United States.
Eichler, R. 1998.
"Generation co-ordination and energy trading systems in an open market". United States.
@article{osti_20018793,
title = {Generation co-ordination and energy trading systems in an open market},
author = {Eichler, R},
abstractNote = {The power industry in many parts of the world is currently undergoing dramatic changes: deregulation, privatization, competition and 3rd party access are the keywords. The major trends are summarized at the beginning of the paper to provide the basis for the evolving consequences for the power generation industry. In the restructured environment of the Open Market power generation companies frequently are organizationally separated from transmission, distribution, and supply and now have to sell their product directly to customers. This necessitates the introduction of energy trading support functions for both bilateral trading and power exchange trading. On the other hand, there is a close relationship between energy trading and the technical process of energy production. The paper discusses design principles for software systems supporting maximum economic benefits. First practical application experience is also presented. The energy trading process requires the break up of proprietary databases and proprietary data structures as this process has a major need to communicate with external partners who normally use different systems. This directly leads to 3rd party products for the database, standardized data structures and standardized communication protocols. The Open Market environment calls for new and modified planning functions: in some cases measured value information necessary for updating load forecasts cannot be directly achieved. This leads to the need for an estimator of the actual load situation, a completely new function. Power scheduling has to take care of the generation company's balance but it need not always be forced to 0. Regulating services from the grid companies can be used instead. This gives the scheduling functions additional freedom for determining more economic overall solutions considering both purchase and services and sales of energy.},
doi = {},
url = {https://www.osti.gov/biblio/20018793},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Wed Jul 01 00:00:00 EDT 1998},
month = {Wed Jul 01 00:00:00 EDT 1998}
}