A spot market for electricity
Journal Article
·
· Cogeneration and Competitive Power Journal
OSTI ID:128965
Electric utilities in many parts of the world are being transformed from regulated monopolies to competitive enterprises. They are buying power from sources they don`t control, and experiencing new competitive pressures in selling. In response, utilities have begun to use such techniques as ``active demand-side management`` and ``real-time pricing`` to improve their responsiveness to customers and to create new opportunities for revenue. As an extension of the industry`s evolution so far, this article describes how the utilities industry might develop a ``spot market`` for electricity, with the utility providing value in the form of a service for arbitrating requests and demands from various generators and users. The author presents a possible future organization of the electricity market, for which there is no model currently known. Most of its elements do exist in some form at one or more power companies around the world.
- OSTI ID:
- 128965
- Journal Information:
- Cogeneration and Competitive Power Journal, Journal Name: Cogeneration and Competitive Power Journal Journal Issue: 4 Vol. 10; ISSN CCPJE8; ISSN 1066-8683
- Country of Publication:
- United States
- Language:
- English
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