Estimating the economic "trade" value of increased transmission capability

Andrew Nathan Kleit, James D. Reitzes

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

The authors offer a new method of estimating the potential gains achievable via transmission expansion in moving power from lower-priced to higher-priced regions. Rather than relying on simulation approaches, where electricity is dispatched based on specific assumptions regarding market-bidding behavior, plant generating costs, and plant availability, this technique instead relies on actual market data to estimate this source of economic value.

Original languageEnglish (US)
Pages (from-to)69-78
Number of pages10
JournalElectricity Journal
Volume19
Issue number2
DOIs
StatePublished - Mar 1 2006

Fingerprint

Electricity
Availability
Economics
economic value
market
electricity
economics
Costs
Values
simulation
costs
Market data
Economic value
Bidding behavior
Simulation

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Energy (miscellaneous)
  • Management of Technology and Innovation
  • Law

Cite this

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Estimating the economic "trade" value of increased transmission capability. / Kleit, Andrew Nathan; Reitzes, James D.

In: Electricity Journal, Vol. 19, No. 2, 01.03.2006, p. 69-78.

Research output: Contribution to journalArticle

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