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A New Swing-Contract Design for Wholesale Power Markets (Hardcover)
Loot Price: R3,352
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A New Swing-Contract Design for Wholesale Power Markets (Hardcover)
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Provides comprehensive information on swing contracts for flexible
reserve provision in wholesale power markets This book promotes a
linked swing-contract market design for centrally-managed wholesale
power markets to facilitate increased reliance on renewable energy
resources and demand-side participation. The proposed swing
contracts are firm or option two-part pricing contracts permitting
resources to offer the future availability of dispatchable power
paths (reserve) with broad types of flexibility in their power
attributes. A New Swing-Contract Design for Wholesale Power Markets
begins with a brief introduction to the subject, followed by two
chapters that cover: general goals for wholesale power market
design; history, operations, and conceptual concerns for current
U.S. RTO/ISO-managed wholesale power markets; and the relationship
of the present study to previous swing-contract research. The next
eight chapters cover: a general swing-contract formulation for
centrally-managed wholesale power markets; illustrative
swing-contract reserve offers; inclusion of reserve offers with
price swing; inclusion of price-sensitive reserve bids; and
extension to a linked collection of swing-contract markets.
Operations in current U.S. RTO/ISO-managed markets are reviewed in
the following four chapters, and conceptual and practical
advantages of the linked swing-contract market design are carefully
considered. The book concludes with an examination of two key
issues: How might current U.S. RTO/ISO-managed markets transition
gradually to a swing-contract form? And how might independent
distribution system operators, functioning as linkage entities at
transmission and distribution system interfaces, make use of swing
contracts to facilitate their participation in wholesale power
markets as providers of ancillary services harnessed from
distribution-side resources? In summary, this title: Addresses
problems with current wholesale electric power markets by
developing a new swing-contract market design from concept to
practical implementation Provides introductory chapters that
explain the general principles motivating the new market design,
hence why a new approach is required Develops a new type of swing
contract suitable for wholesale power markets with increasing
reliance on renewable energy and active demand-side participation A
New Swing-Contract Design for Wholesale Power Markets is an ideal
book for electric power system professionals and for students
specializing in electric power systems.
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