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Energy and contingency reserves markets under restructured electricity environment

Rashidinejad, M ; Sharif University of Technology | 2006

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  1. Type of Document: Article
  2. DOI: 10.1109/IEEEGCC.2006.5686226
  3. Publisher: 2006
  4. Abstract:
  5. Electricity industry is ongoing towards reregulation worldwide. Some new market issues that experienced in other commodities markets are suggested to be exercised in electricity markets. Electricity and ancillary services pricing under different schemes are such issues. Pricing mechanism can be applied via several sequential markets. A day-ahead market associated with joint energy and ancillary services dispatch is used as a benchmark for contingency reserves option pricing. This paper proposed a new methodology aimed to derive the option pricing for contingency reserves as a major part of ancillary services in restructured power systems
  6. Keywords:
  7. AGC ; Ancillary services ; Power markets ; Re-regulation ; Reserve option contracts ; Costs ; Economics ; Electricity ; Commerce
  8. Source: 2006 IEEE GCC Conference, GCC 2006, Manama, 20 March 2006 through 22 March 2006 ; 2006 ; 9780780395909 (ISBN)
  9. URL: https://ieeexplore.ieee.org/document/5686226