We consider transmission owners that bid capacity, under appropriate Regional Transmission Organization (RTO) market rules, at a positive price into forward and spot (dispatch) auctions to derive… (More)
The design of spot markets for generation services, such as energy, regulation,and operating reserves, and longer term markets for capacity, remain in evolution in many countries. Market design… (More)
This paper presents updated results from a Monte Carlo simulation method of operational needs created by variable generation renewables coupled with a Production Simulation methodology to assess… (More)
An auction-based process is proposed that allows power market participants to acquire and reconfigure financial transmission rights. The process simultaneously accommodates flowgate and… (More)
Complementarity-based power market models represent the constrained optimization problems of electricity generators, consumers, arbitragers, and transmitters. These models directly solve a system of… (More)
This paper presents results from a large-scale Cournot model of the U.S. Eastern Interconnection using a DC load flow network. There are 100 network locations (at the level of control areas) along… (More)
An indisputable fact cannot be rebutted. It is supported by theory and experience. Over the past 25 years, wind and solar generation has undergone dramatic growth, resulting in a variety of… (More)
This paper presents two extension to the literature on modeling of wind and solar integration in the California ISO footprint, as well as results from a large-scale regional simulation [2]. First,… (More)
Summary form only given. Under the Federal Power Act, the US Federal Energy Regulatory Commission has to ensure that prices in the wholesale markets for power are "just and reasonable." This has been… (More)