Understanding Locational Reserves and Reliability Needs in Electricity Markets

This paper describes a comprehensive set of examples being developed for the purpose of understanding the interaction between reserves and energy, the need to consider not only energy but also reserves by location, leading to the need to locational marginal pricing for both. The paper also illustrates how congestion in the transmission system that occurs for energy may or may not be correlated to congestion that occurs in the reserve markets.

• Type: Conference
• Year: 2006
• Where: HICSS
• Authors: Fernando L. Alvarado
• Keywords: Biometrics, Comprehensive Set, HICSS 2006, Locational Marginal Pricing, Paper, System Sciences