Power Prices Work Best to Support Reliability when Prices Are Locational

Michael Giberson From a reliability perspective, the crucial aspect of the real-time wholesale prices is that they result from the security-constrained economic dispatch, which is based on a real-time assessment of grid capabilities. Experience has shown that market prices work best to support reliability when prices are locational, because locational prices that are consistent with … More Power Prices Work Best to Support Reliability when Prices Are Locational