Transmission Investment and Competitive Electricity Markets
نویسندگان
چکیده
A short-term electricity market coordinated by a system operator provides a foundation for a competitive electricity market. In this setting, transmission congestion contracts are equivalent to perfectly tradeable physical transmission rights. With such contracts to allocate transmission benefits, it would be possible to rely more on market forces, partly if not completely, to drive transmission expansion.
منابع مشابه
Market-based Transmission Investments and Competitive Electricity Markets
1 Market-based transmission investments can play a role in competitive electricity markets. A short-term electricity market coordinated by a system operator provides a foundation for a competitive electricity market. In this setting, locational price differences define the opportunity cost of transmission. The potential to arbitrage these same price differences provides a market incentive for t...
متن کاملA Nodal Transmission Pricing Model based on Newly Developed Expressions of Real and Reactive Power Marginal Prices in Competitive Electricity Markets
In competitive electricity markets all over the world, an adoption of suitable transmission pricing model is a problem as transmission segment still operates as a monopoly. Transmission pricing is an important tool to promote investment for various transmission services in order to provide economic, secure and reliable electricity to bulk and retail customers. The nodal pricing based on SRMC (S...
متن کاملVeronika Grimm ; Gregor Zöttl : Investment Incentives and Electricity Spot Market
In liberalized electricity markets strategic firms compete in an environment characterized by fluctuating demand and non-storability of electricity. While spot market design under those conditions by now is well understood1, a rigorous analysis of investment incentives is still missing. Existing models, as the peak-load-pricing approach, analyze welfare optimal investment and find that optimal ...
متن کاملElectricity Transmission: An Overview of the Current Debate
Electricity transmission has emerged as critical for successfully liberalising power markets. This paper surveys the issues currently under discussion and provides a framework for the remaining papers in this issue. We conclude that signalling the efficient location of generation investment might require even a competitive LMP system to be complemented with deep connection charges. Although a E...
متن کاملA Nodal Transmission Pricing Model based on newly developed expressions of Real and Reactive Power Marginal Prices in Competitive Electricity
In competitive electricity markets all over the world, an adoption of suitable transmission pricing model is a problem as transmission segment still operates as a monopoly. Transmission pricing is an important tool to promote investment for various transmission services in order to provide economic, secure and reliable electricity to bulk and retail customers. The nodal pricing based on SRMC (S...
متن کامل