M. Rashidinejad, A. Gharaveisi, M. Fotuhi-Firoozabad, M. Shojaee
{"title":"Energy and contingency reserves markets under restructured electricity environment","authors":"M. Rashidinejad, A. Gharaveisi, M. Fotuhi-Firoozabad, M. Shojaee","doi":"10.1109/IEEEGCC.2006.5686226","DOIUrl":null,"url":null,"abstract":"Electricity industry is ongoing towards reregulation worldwide. Some new market issues that experienced in other commodities markets are suggested to be exercised in electricity markets. Electricity and ancillary services pricing under different schemes are such issues. Pricing mechanism can be applied via several sequential markets. A day-ahead market associated with joint energy and ancillary services dispatch is used as a benchmark for contingency reserves option pricing. This paper proposed a new methodology aimed to derive the option pricing for contingency reserves as a major part of ancillary services in restructured power systems.","PeriodicalId":433452,"journal":{"name":"2006 IEEE GCC Conference (GCC)","volume":"8 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2006-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2006 IEEE GCC Conference (GCC)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/IEEEGCC.2006.5686226","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 3
Abstract
Electricity industry is ongoing towards reregulation worldwide. Some new market issues that experienced in other commodities markets are suggested to be exercised in electricity markets. Electricity and ancillary services pricing under different schemes are such issues. Pricing mechanism can be applied via several sequential markets. A day-ahead market associated with joint energy and ancillary services dispatch is used as a benchmark for contingency reserves option pricing. This paper proposed a new methodology aimed to derive the option pricing for contingency reserves as a major part of ancillary services in restructured power systems.