Why the ERCOT ORDC Splatters on the 2,000 MW Cliff : A Mathematical and Graphical Explanation

The Electric Reliability Council of Texas (ERCOT) operating reserve demand curve (ORDC) is a complex mathematical tool used as the ERCOT market's scarcity pricing mechanism. For it to be improved, it must first be understood. This work explains why the curve does not produce a loss of load probability equal to 1.0 when reserve level equals zero or the administratively imposed zero at the minimum contingency level (MCL or X)

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Year of publication:	2018
Authors:	Wakeland, Richard
Publisher:	[2018]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (7 p)
Series:	USAEE Working Paper
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 31, 2018 erstellt
Other identifiers:	10.2139/ssrn.3188518 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012917748