Michael Giberson The New York Independent System Operator has release a report, “Energy Storage in the New York Electricity Markets” (March 2010). The report offers an overview of existing grid-connected energy storage in New York, recent developments, and potential for further changes in the next several years. It is a good basic discussion of energy …
“Energy Storage in the New York Electricity Markets” Read More »
Michael Giberson At the EU Energy Policy Blog, Leonardo Meeus discusses the current organization of power exchanges in Europe. Meeus describes both private merchant exchanges and state regulated exchanges and notes the differing incentives of the two types, focusing on the effects on efficient cross-border exchange. Meeus’s post draws from his recent working paper, “Why …
Michael Giberson The Wall Street Journal published a lengthy article by Russel Gold on the behind-the-scenes struggle over cost allocation and performance obligations between wind power producers and conventional generators. Tension over how variable resources participate in markets have been simmering for years, but wind power and other intermittent resources have been too small to …
Wind Power and Natural Gas-fired Power and Power Market Design Read More »
Michael Giberson Are their barriers impeding integration of variable energy resources to the electric grid? FERC wants to know: The Federal Energy Regulatory Commission (Commission) seeks comment on the extent to which barriers may exist that impede the reliable and efficient integration of variable energy resources (VERs) into the electric grid, and whether reforms are …
Integrating Variable Energy Resources to the Electric Power Grid Read More »
Michael Giberson In the wholesale power markets world, commercial energy storage concepts are commonly somewhat of an afterthought. None of the large regional wholesale power markets integrated into transmission operations put too much effort into thinking about energy storage as they developed their market rules. A part of the problem is that the transmission system …
Energy Storage on the Grid: Transmission Equipment or Market Participant? (Again) Read More »
Michael Giberson Ever wonder what a RTO power market design looks like? Here is one view, in the form of the 106-page “Mid Level Description” of the Southwest Power Pool market currently under development. (Note that the link is to a 1.4 MB zip file which contains the “SPP Future Markets Design/Energy and Operating Reserve …
Michael Giberson From Government Executive: As Washington considers an overhaul of the nation’s health care system affecting roughly one-seventh of our economy, a critical question arises: How effective are we at crafting legislation that can be implemented? To answer this question, we partnered with Government Executive in 2008 to survey members of the Senior Executive …
Michael Giberson More thoughts on economic issues related to the Tres Amigas project, an ambitious proposal to connect the Western, Eastern, and Texas electric grids via a three-way high tech transmission link located in eastern New Mexico. (Earlier: Tres Amigas intro and Economics for …). Europeans have had several years of experience connecting separate national …
Market Designs for Tres Amigas: How About Trilateral Market Coupling? Read More »
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 …
Power Prices Work Best to Support Reliability when Prices Are Locational Read More »
Michael Giberson An economist is quoted in Platts’ Megawatt Daily commenting on a proposal within ERCOT to apply the same performance standards to wind farms as apply to other generators: On the one hand, it is desirable to have all market players working under the same rules, but on the other hand, rules are usually …
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