Matches in SemOpenAlex for { <https://semopenalex.org/work/W2137619311> ?p ?o ?g. }
Showing items 1 to 100 of
100
with 100 items per page.
- W2137619311 abstract "Electric power systems have traditionally been operated as natural monopolies. Restructuring has entailed un-bundling of hitherto vertically integrated organizations into independently managed generation, transmission and distribution systems. As a result, electric power markets can be divided into wholesale and retail layers.The wholesale power market design proposed by the U.S. Federal Energy Regulatory Commission (FERC) in an April 2003 white paper FERC (2003) encompasses the following core features: central oversight by an independent system operator (ISO); a two-settlement system consisting of a day-ahead market supported by a parallel real-time market to ensure continual balancing of electric power supply and demand.In this new environment electricity is traded like other commodities in ISO organized power pools. However, power systems must be in instantaneous power balance, i.e. demand must equal supply at all times. Moreover, at present, electric power cannot be stored economically in substantial amounts. The power flows on transmission systems are governed by physical laws of power flow such as the Kirchoff's law, and are constrained by the overall capacity of transmission lines. During the peak hours of electric power demand, the above mentioned constraints become binding affecting outcomes throughout the grid. Transmission constraints in particular create congestion, which can impede the generation and/or injection of electric power into the grid in merit-order, i.e., from least-cost generator to high-cost generators. Electric power prices can be very volatile and hence, new forms of risk have arisen due to the restructuring.As part of restructuring, congestion on electricity transmission grids is now handled in many energy regions by means of locational marginal pricing (LMP), i.e., the pricing of electric energy in accordance with the location of its injection or withdrawal from the grid. The LMP so calculated at a node k measures the least cost to supply an additional unit of load at that location from the resources of the system. The difference in LMPs at any two buses is known as congestion rent, which is collected by the ISO. In the case of grid congestion, LMPs can vary widely across the grid, which creates price risk for all market participants.Using existing market design features, this thesis investigates the risk management issues of market participants and overall efficiency of the wholesale power markets. Additionally, I also study the market rules dealing with renewable energy sources." @default.
- W2137619311 created "2016-06-24" @default.
- W2137619311 creator A5089431228 @default.
- W2137619311 date "2018-08-10" @default.
- W2137619311 modified "2023-09-27" @default.
- W2137619311 title "Financial risk management and market performance in restructured electric power markets: Theoretical and agent-based test bed studies" @default.
- W2137619311 cites W1501916037 @default.
- W2137619311 cites W1515926586 @default.
- W2137619311 cites W1524073058 @default.
- W2137619311 cites W1536030764 @default.
- W2137619311 cites W1549769376 @default.
- W2137619311 cites W1569627983 @default.
- W2137619311 cites W1585658190 @default.
- W2137619311 cites W1606147178 @default.
- W2137619311 cites W1967113958 @default.
- W2137619311 cites W1976431690 @default.
- W2137619311 cites W1983519986 @default.
- W2137619311 cites W1993750689 @default.
- W2137619311 cites W2009399850 @default.
- W2137619311 cites W2020041898 @default.
- W2137619311 cites W2023503913 @default.
- W2137619311 cites W2044853660 @default.
- W2137619311 cites W2052086354 @default.
- W2137619311 cites W2059636863 @default.
- W2137619311 cites W2094585377 @default.
- W2137619311 cites W2096170699 @default.
- W2137619311 cites W2110861840 @default.
- W2137619311 cites W2113301071 @default.
- W2137619311 cites W2114044244 @default.
- W2137619311 cites W2115436853 @default.
- W2137619311 cites W2127465232 @default.
- W2137619311 cites W2134022123 @default.
- W2137619311 cites W2135494804 @default.
- W2137619311 cites W2139492610 @default.
- W2137619311 cites W2141186877 @default.
- W2137619311 cites W2142259270 @default.
- W2137619311 cites W2148838485 @default.
- W2137619311 cites W2149358609 @default.
- W2137619311 cites W2166460287 @default.
- W2137619311 cites W2169016885 @default.
- W2137619311 cites W2171831741 @default.
- W2137619311 cites W2241822395 @default.
- W2137619311 cites W2264230559 @default.
- W2137619311 cites W2486662084 @default.
- W2137619311 cites W2911296314 @default.
- W2137619311 cites W3023939952 @default.
- W2137619311 cites W3121701901 @default.
- W2137619311 cites W3122522189 @default.
- W2137619311 cites W3123074363 @default.
- W2137619311 cites W3124238903 @default.
- W2137619311 cites W3124353267 @default.
- W2137619311 cites W3124461328 @default.
- W2137619311 cites W3124835997 @default.
- W2137619311 cites W2057924964 @default.
- W2137619311 doi "https://doi.org/10.31274/etd-180810-2725" @default.
- W2137619311 hasPublicationYear "2018" @default.
- W2137619311 type Work @default.
- W2137619311 sameAs 2137619311 @default.
- W2137619311 citedByCount "1" @default.
- W2137619311 countsByYear W21376193112018 @default.
- W2137619311 crossrefType "dissertation" @default.
- W2137619311 hasAuthorship W2137619311A5089431228 @default.
- W2137619311 hasBestOaLocation W21376193111 @default.
- W2137619311 hasConcept C10138342 @default.
- W2137619311 hasConcept C121332964 @default.
- W2137619311 hasConcept C144133560 @default.
- W2137619311 hasConcept C151730666 @default.
- W2137619311 hasConcept C163258240 @default.
- W2137619311 hasConcept C19244329 @default.
- W2137619311 hasConcept C2777267654 @default.
- W2137619311 hasConcept C40293303 @default.
- W2137619311 hasConcept C62520636 @default.
- W2137619311 hasConcept C86803240 @default.
- W2137619311 hasConceptScore W2137619311C10138342 @default.
- W2137619311 hasConceptScore W2137619311C121332964 @default.
- W2137619311 hasConceptScore W2137619311C144133560 @default.
- W2137619311 hasConceptScore W2137619311C151730666 @default.
- W2137619311 hasConceptScore W2137619311C163258240 @default.
- W2137619311 hasConceptScore W2137619311C19244329 @default.
- W2137619311 hasConceptScore W2137619311C2777267654 @default.
- W2137619311 hasConceptScore W2137619311C40293303 @default.
- W2137619311 hasConceptScore W2137619311C62520636 @default.
- W2137619311 hasConceptScore W2137619311C86803240 @default.
- W2137619311 hasLocation W21376193111 @default.
- W2137619311 hasOpenAccess W2137619311 @default.
- W2137619311 hasPrimaryLocation W21376193111 @default.
- W2137619311 hasRelatedWork W2004580798 @default.
- W2137619311 hasRelatedWork W2051944322 @default.
- W2137619311 hasRelatedWork W2365347425 @default.
- W2137619311 hasRelatedWork W2387212527 @default.
- W2137619311 hasRelatedWork W2750896665 @default.
- W2137619311 hasRelatedWork W2903749241 @default.
- W2137619311 hasRelatedWork W2907801947 @default.
- W2137619311 hasRelatedWork W2987740169 @default.
- W2137619311 hasRelatedWork W648876851 @default.
- W2137619311 hasRelatedWork W2187559042 @default.
- W2137619311 isParatext "false" @default.
- W2137619311 isRetracted "false" @default.
- W2137619311 magId "2137619311" @default.
- W2137619311 workType "dissertation" @default.