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Combined pool/bilateral operation. III. Unbundling costs of trading services

Kockar, I. and Galiana, F. and Franco, P.C. (2002) Combined pool/bilateral operation. III. Unbundling costs of trading services. IEEE Transactions on Power Systems, 17 (4). pp. 1191-1198. ISSN 0885-8950

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Abstract

For pt. II see ibid., vol.17, no.4, p.1184-90 (2002). Some of the various services provided under mixed pool/bilateral electricity trading are (i) power to satisfy bilateral contract demand; (ii) power for transmission losses and congestion management due to bilateral contracts; (iii) power for transmission losses and congestion management due to wheeling contracts; and (iv) power for transmission losses and congestion management due to pool demand. A procedure is developed and tested to unbundle these MW services as well as their corresponding costs, thus allowing the calculation of the average cost of each service. Comparison of the average and marginal costs serves to evaluate the relative profitability of each service. The goal of these results is to help generator and load-serving entities choose appropriate relative levels of pool versus bilateral trades while considering risk, economic performance, and physical constraints.

Item type: Article
ID code: 5186
Keywords: average and marginal costs, congestion management, cost unbundling, losses, pool/bilateral/wheeling markets, Electrical engineering. Electronics Nuclear engineering, Energy Engineering and Power Technology, Electrical and Electronic Engineering
Subjects: Technology > Electrical engineering. Electronics Nuclear engineering
Department: Faculty of Engineering > Electronic and Electrical Engineering
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Depositing user: Strathprints Administrator
Date Deposited: 17 Jan 2008
Last modified: 04 Sep 2014 15:16
URI: http://strathprints.strath.ac.uk/id/eprint/5186

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