Priced based operation in an auction market structure

Abstract

Open transmission access is a new legal requirement within the electric power industry. Interchange will require evaluation of the existing conditions to determine if the product can be delivered at the time required and at the level awarded through the bidding or negotiation process. This paper seeks to identify the likely deregulation details for a full market implementation when native load is considered equal to any other third party load (comparability). This paper seeks to identify the technical issues, such as standards and algorithms, necessary for changing the national infrastructure from a vertically integrated industry to a horizontally integrated industry.