Reliability Differentiation of Electricity Transmission.
In many jurisdictions, electric utility restructuring has included the creation of an independent system operator (ISO) to dispatch generation, establish the market-clearing price, and allocate limited transmission capacity among users. This paper differentiates reliability through rate unbundling. We propose a capacity reservation tariff (CRT) to induce the users to self-select their preferred levels of reliability. Based on these self-selected reliability levels, the ISO can efficiently allocate limited transmission capacity. Our proposed CRT can be a practical solution to the transmission congestion problem faced by the California ISO in the implementation of retail access. Copyright 1998 by Kluwer Academic Publishers
Year of publication: |
1998
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Authors: | Woo, Chi-Keung ; Horowitz, Ira ; Martin, Jennifer |
Published in: |
Journal of Regulatory Economics. - Springer. - Vol. 13.1998, 3, p. 277-92
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Publisher: |
Springer |
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