Electricity Markets with Increasing Levels of Renewable Generation: Structure, Operation, Agent-based Simulation, and Emerging Designs by Fernando Lopes & Helder Coelho

Electricity Markets with Increasing Levels of Renewable Generation: Structure, Operation, Agent-based Simulation, and Emerging Designs by Fernando Lopes & Helder Coelho

Author:Fernando Lopes & Helder Coelho
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham


Market

Regulation

Spin reserve

Total contingency

Other

NYISO

$400 if scarcity greater than or equal to 80 MW

$180 if scarcity between 25 and 80 MW

$80 if scarcity is less than 25 MW

$500

$450

30-min reserve

$200 if scarcity greater than or equal to 400 MW

$100 if scarcity between 200 and 400 MW

$50 if scarcity is less than 200 MW

ISO-NE

N/A

$50

$850

30-min operating reserve

$500

MISO

Monthly peaker proxy price

$98 if scarcity is greater than 10% of requirement

$65 if scarcity less than 10%

System-wide operating reserve

Min:

Max: VOLL-RegDC

N/A



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