Evaluation of alternatives for power system coordination and pooling in a competitive environment
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Date
1997
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Abstract
The paper defines and classifies essential issues that relate the need fdr electric power system coordination with the increasing development of competition. Principles are formulated and a coordination model and a market structure are proposed, emphasizing the need for economic dispatch in the wholesale market. A detailed comparison is made of the market and pooling implementations developed in Argentina and Chile, countries that have pioneered the creation of competitive markets in the electric energy sector. An evaluation of strengths and weaknesses of those two implementations is included.
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Keywords
deregulation, economic dispatch, generation competition, open access, power system coordination, spot pricing