Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/25330
Title: Determination of appropriate price level in installed-capacity market
Authors: Wang, Y
Wong, KP
Chung, CY
Wen, FS
Issue Date: 2007
Publisher: Institution of Engineering and Technology
Source: IET generation, transmission & distribution, 2007, v. 1, no. 1, p. 127-132 How to cite?
Journal: IET generation, transmission & distribution 
Abstract: As one of the most important approaches for ensuring adequate generation capacity, and hence reliability of electricity supply, the capacity-obligation mechanism is employed in some operating electricity markets by imposing such an obligation on all load-serving entities (LSEs). To facilitate the enforcement of the obligation, an installed-capacity market is established for the LSEs and generation companies to trade installed capacity. In the paper, the optimal allocation strategies of generation capacity for generation companies between two electricity markets under different levels of instal led-capacity prices, as well as the optimal purchasing strategies of LSEs, are first examined, and on this basis a new framework is developed to determine an appropriate level of generation-installed-capacity price for ensuring generation-capacity adequacy. Finally, the proposed method is illustrated by a numerical example.
URI: http://hdl.handle.net/10397/25330
ISSN: 1751-8687
EISSN: 1751-8695
DOI: 10.1049/iet-gtd:20050328
Appears in Collections:Journal/Magazine Article

Access
View full-text via PolyU eLinks SFX Query
Show full item record

WEB OF SCIENCETM
Citations

1
Last Week
0
Last month
0
Citations as of Aug 12, 2017

Page view(s)

31
Last Week
2
Last month
Checked on Aug 13, 2017

Google ScholarTM

Check

Altmetric



Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.