MVAh: A proposal for a new transmission commodity

Journal Article · Mon Jun 01 00:00:00 EDT 1998 · Electricity Journal

DOI:https://doi.org/10.1016/S1040-6190(98)00050-5· OSTI ID:289996

Ramesh, V C; Chatterjee, D ^[1]

---

1. Illinois Inst. of Tech., Chicago, IL (United States)

The authors identify a new commodity--Transmission Capacity Use, measured in MVAh--that combines transmission capacity and usage (in hours). They explain the rationale for TCUs and provide specifications for a possible TCU futures contract. The authors designed the TCU futures contracts to avoid inconsistencies like those of the western NYMEX energy futures contracts. They reduced the peak period to cover only the hours of maximum demand. They keep the delivery flexible during these hours and over all delivery days based on a realistic assumption that TC consumption is uniform during these hours and over the delivery days in the associated week. Hence, these contracts will be more practical and useful for power market participants.

• OSTI ID: 289996
• Journal Information: Electricity Journal, Vol. 11, Issue 5; Other Information: PBD: Jun 1998
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING AND POLICY
MEASURING METHODS
POWER TRANSMISSION
CAPACITY
INTERCONNECTED POWER SYSTEMS
MARKET
TRADE
RESELLERS