Electricity Transmission Pricing and TechnologyMichael A. Einhorn, Riaz Siddiqi The electric utility industry and its stakeholders in the. United States appear to be at a critical juncture in time. Powerful forces of global proportions are propelling the industry instinctively and in a secular fashion towards restructuring. That the industry will change is a fait accomplii. The nature and timing of the change is still a matter of intense debate, however. Because of the evolution of the industry into its present-day form, i.e. regulated local monopolies in their designated franchise service territories, the relative roles and expectations of various institutions would have to change to conform to the new state in the future. In either encouraging, or allowing this change to happen, society is essentially saying that future societal welfare would be better served by the changed structure contemplated. What that assumption translates into in more direct terms is that creation of future wealth would be better accomplished through redistribution of wealth today. Thoughtful individuals recognize the enormous responsibility placed upon the various entities empowered with jurisdiction over the timing and nature of the structural change. They are trying hard to bring analytical rigor to bear on the debate. One very critical element of this debate on restructuring is the issue of the treatment of transmission. The issue has been variously labeled transmission access, or pricing. Volumes have been written and spoken on this topic. |
Other editions - View all
Electricity Transmission Pricing and Technology Michael A. Einhorn,Riaz Siddiqi Limited preview - 1995 |
Electricity Transmission Pricing and Technology Michael A. Einhorn,Riaz Siddiqi No preview available - 2011 |
Common terms and phrases
allocation applied bids capacitor charge congestion consumers coordination customers DC-Load model demand distribution economic dispatch economically efficient effect electric power Electric Power Transmission electricity industry electricity network embedded-cost Figure functions grid controllers Gridco Hogan impedance implementation increase incremental cost integrated investment limits load locational spot prices loop flow losses LRIC Main Grid marginal cost monopoly natural monopoly network company network users nodal auction model nodes operation opportunity costs optimal participants phase angle pool model Poolco power flow power pools power system problem reactive power real and reactive real power regional regulators regulatory reliability retail wheeling revenue requirement schedule Schweppe spot market SRMC STATCON Statnett sunk costs supplier model swing bus tariff technical forward market thermal constraint thyristor controlled trading transactions transmission access transmission capacity transmission line transmission network transmission pricing transmission service transmission system utility's variable voltage constraints voltage magnitude Zealand