Spot pricing of electricity and ancillary services in a competitive California market Metadata

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Title

  • Main Title Spot pricing of electricity and ancillary services in a competitive California market

Creator

  • Author: Siddiqui, A.S.
    Creator Type: Personal
  • Author: Marnay, C.
    Creator Type: Personal
  • Author: Khavkin, M.
    Creator Type: Personal

Contributor

  • Sponsor: United States. Department of Energy. Office of Energy Efficiency and Renewable Energy.
    Contributor Type: Organization
    Contributor Info: USDOE Assistant Secretary for Energy Efficiency and Renewable Energy (United States)

Publisher

  • Name: Lawrence Berkeley National Laboratory
    Place of Publication: California
    Additional Info: Lawrence Berkeley National Lab., CA (United States)

Date

  • Creation: 2000-11-01

Language

  • English

Description

  • Content Description: Typically, in competitive electricity markets, the vertically integrated utilities that were responsible for ensuring system reliability in their own service territories, or groups of territories, cease to exist. The burden falls to an independent system operator (ISO) to ensure that enough ancillary services (AS) are available for safe, stable, and reliable operation of the grid, typically defined, in part, as compliance with officially approved engineering specifications for minimum levels of AS. In order to characterize the behavior of market participants (generators, retailers, and an ISO) in a competitive electricity market with reliability requirements, spot markets for both electricity and AS are modeled. By assuming that each participant seeks to maximize its wealth and that all markets clear, we solve for the optimal quantities of electricity and AS traded in the spot market by all participants, as well as the market clearing prices for each.
  • Physical Description: vp.

Subject

  • Keyword: Specifications
  • Keyword: Compliance
  • Keyword: Electricity
  • Keyword: Reliability
  • Keyword: Retailers
  • Keyword: Prices
  • STI Subject Categories: 29 Energy Planning, Policy And Economy
  • Keyword: Spot Market
  • Keyword: Market

Source

  • Conference: 34th Annual Hawaii International Conference on System Sciences, HICSS-34, Maui, HI (US), 01/03/2001--01/06/2001; Other Information: Supercedes report DE00773945

Collection

  • Name: Office of Scientific & Technical Information Technical Reports
    Code: OSTI

Institution

  • Name: UNT Libraries Government Documents Department
    Code: UNTGD

Resource Type

  • Article

Format

  • Text

Identifier

  • Report No.: LBNL--46944
  • Grant Number: AC03-76SF00098
  • Office of Scientific & Technical Information Report Number: 773945
  • Archival Resource Key: ark:/67531/metadc724831

Note

  • Display Note: OSTI as DE00773945