Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2019.110988 |
A wholesale electricity market design sans missing money and price manipulation | |
Woo, C. K.1; Milstein, I.2; Tishler, A.3; Zarnikau, J.4 | |
2019-11-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 134 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China; Israel; USA |
英文摘要 | Using reliability differentiation via tolling agreements with diverse heat rates and fuel types, we propose an efficient wholesale electricity market design under demand and supply uncertainty. Mainly based on North America's market experience, our proposed design adopts an independent system operator's (ISO's) existing practice of least-cost dispatch of heterogeneous generation units, real-time energy price determination and capacity rationing. It solves the missing money problem of inadequate incentive for thermal generation investment, without requiring the ISO to operate centralized capacity auctions, make capacity payments, set high energy price caps, or subsidize market entry. It preempts independent power producers' price manipulation in the ISO's real-time market for energy, thus easing the ISO's burden of market monitoring. It suggests two-part pricing of end-use consumption and power demand of a load serving entity's retail customers, thus meaningfully linking the wholesale and retail markets. It is applicable to countries that have implemented wholesale competition or are in the process of doing so. Hence, its policy implication is that it should be considered in the ongoing debate of electricity reliability and market competition. |
英文关键词 | Electricity market design Wholesale competition Reliability differentiation Tolling agreements Missing money Price manipulation |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000498307500012 |
WOS关键词 | GAS-FIRED GENERATION ; FUEL COST UNCERTAINTY ; RENEWABLE ENERGY ; TOLLING AGREEMENT ; CAPACITY ; POWER ; INVESTMENT ; CALIFORNIA ; IMPACT ; INEFFICIENCIES |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/224515 |
专题 | 环境与发展全球科技态势 |
作者单位 | 1.Educ Univ Hong Kong, Dept Asian & Policy Studies, Tai Po, 10 Ping Rd, Hong Kong, Peoples R China; 2.Holon Inst Technol, 52 Golomb St, IL-58102 Holon, Israel; 3.Tel Aviv Univ, Coller Sch Management, IL-69978 Tel Aviv, Israel; 4.Univ Texas Austin, Dept Econ, 2225 Speedway, Austin, TX 78712 USA |
推荐引用方式 GB/T 7714 | Woo, C. K.,Milstein, I.,Tishler, A.,et al. A wholesale electricity market design sans missing money and price manipulation[J]. ENERGY POLICY,2019,134. |
APA | Woo, C. K.,Milstein, I.,Tishler, A.,&Zarnikau, J..(2019).A wholesale electricity market design sans missing money and price manipulation.ENERGY POLICY,134. |
MLA | Woo, C. K.,et al."A wholesale electricity market design sans missing money and price manipulation".ENERGY POLICY 134(2019). |
条目包含的文件 | 条目无相关文件。 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论