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Multi-Market Modeling of Regional Transmission Organization Functions

✍ Scribed by Rajat K. Deb; Lie-Long Hsue; Richard Albert; Jason E. Christian

Book ID
104373712
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
494 KB
Volume
14
Category
Article
ISSN
1040-6190

No coin nor oath required. For personal study only.

✦ Synopsis

An example drawn from a forward-looking study of the Eastern Interconnect shows how modeling tools that consistently represent events in multiple markets can help reliability managers meet the responsibilities that have been spelled out for them in FERC's Order 2000.

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The socially optimal mitigation policy is apt to blend several approaches. These may include the sort of bid caps that RTOs now contemplate; but those surely are not optimal by themselves, nor is it sensible to dump market problems entirely in the laps of RTOs.