Electricity Scarcity Pricing Through Operating Reserves
Electricity Scarcity Pricing Through Operating Reserves
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DOI:
10.5547/2160-5890.2.2.4
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发表时间:
2013-09
影响因子:
1.9
通讯作者:
W. Hogan
中科院分区:
文献类型:
--
作者:
W. Hogan
Suppressed prices in real-time markets provide inadequate incentives for both generation investment and active participation by demand bidding. An operating reserve demand curve developed from first principles would improve reliability, support adequate scarcity pricing, and be straightforward to implement within the framework of economic dispatch. This approach would be fully compatible with other market-oriented policies. Better scarcity pricing would also contribute to long-term resource adequacy.