Optimum electric utility spot price determinations for small power producing facilities operating under PURPA provisions
- Controls and Composition Div., Harris Corp., Melbourne, FL (US)
- School of Electrical Engineering, Georgia Institute of Technology, Atlanta, GA (US)
The present paper outlines an optimum spot price determination procedure in the general context of the Public Utility Regulatory Policies Act, PURPA, provisions. PURPA stipulates that local utilities must offer to purchase all available excess electric energy from Qualifying Facilities, QF, at fair market prices. As a direct consequence of these PURPA regulations, a growing number of owners are installing power producing facilities and optimize their operational schedules to minimize their utility related costs or, in some cases, actually maximize their revenues from energy sales to the local utility. In turn, the utility will strive to use spot prices which maximize its revenues from any given Small Power Producing Facility, SPPF, schedule while respecting the general regulatory and contractual framework. The proposed optimum spot price determination procedure fully models the SPPF operation, it enforces the contractual and regulatory restrictions, and it ensures the uniqueness of the optimum SPPF schedule.
- OSTI ID:
- 6490827
- Journal Information:
- IEEE Trans. Power Electronics; (United States), Vol. 3:3
- Country of Publication:
- United States
- Language:
- English
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