Electricity Scarcity Pricing Through Operating Reserves

被引:83
|
作者
Hogan, William W. [1 ]
机构
[1] Harvard Univ, Global Energy Policy, John F Kennedy Sch Govt, Cambridge, MA 02138 USA
关键词
Electricity scarcity pricing; Resource adequacy; Operating reserves;
D O I
10.5547/2160-5890.2.2.4
中图分类号
F [经济];
学科分类号
02 ;
摘要
Suppressed prices in real-time markets provide inadequate incentives for both generation investment and active participation by demand bidding. An operating reserve demand curve developed from first principles would improve reliability, support adequate scarcity pricing, and be straightforward to implement within the framework of economic dispatch. This approach would be fully compatible with other market-oriented policies. Better scarcity pricing would also contribute to long-term resource adequacy.
引用
收藏
页码:65 / 86
页数:22
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