Track 5: Surviving New Markets and New Structures

Click on a panel session title in the table below to be connected to a description of the session and links for each available presentation.

 

Committee

Day/Time

Session Name

EDPG

Tues AM

Latin America—Price Cap Regulation: Stimulating Efficiency in Electricity Distribution in Latin America

PSACE

Mon PM

Experiences with Ancillary Services Markets

PSACE

Mon PM

Implications of Carbon Trading

PSACE

Tues AM

International Comparison of Market Design and Market Power Mitigation

PSACE

Wed PM

Managing Large Scale Market Network Models

PSACE

Thur AM

Pricing Access to Distribution Networks

PSO

Tues AM

Experience with Bidding Ancillary Services in RTO Markets

PSPI

Tues AM

The Benefits of Transmission Expansions: Technical, Economic and Institutional Aspects

 

 

Latin America—Price Cap Regulation: Stimulating Efficiency in Electricity Distribution in Latin America

Sponsored by:    Energy Development and Power Generation Committee

Chairs:               L. A. Barroso, PSR, Rio de Janeiro

                         T. Hammons, University of Glasgow

                         R. Varela, SIGLA S.A.

 

Electrical distribution companies transport and distribute electric power from connection points of the transmission system to end consumers for industrial and residential use. This activity is organized in public service utilities (Discos) that buy power supply from generators in both the long term and spot markets. The challenge has been to stimulate an efficient service in distribution, similar to what would be achieved in a competitive environment. The panel evaluated the results of Price Cap regulation in Latin America power distribution and assessed what can be learned from current experience and the challenges that may arise in the future.

 

PRESENTATIONS AND PANELISTS:

•   07GM0430, Latin America--Price Cap Regulation: Stimulating Efficiency in Electricity Distribution in Latin America

L. BARROSO, Mercados de Energia/PSE

T. HAMMONS, Glasgow University

R. VARELA, Sigla

H. RUDNICK, Pontificia Universidad Catolica de Chile

•   07GM0920, Compared Regulations: The Tariff Review Process in Brazil, Panama and Peru

R. VARELA, SIGLA S.A.

E. REDOLFI, SIGLA S.A.

•   07GM0943, Benchmark Regulation and Efficiency of Electricity Distribution: Strengths and Weaknesses

H. RUDNICK, Pontificia Universidad Catolica de Chile

S. MOCARQUER, Systep Engineering

•   07GM1022, Brazilian Discos Price Cap Regulation

L. ALVAREZ, Siglasul Consultores em Energia

•   07GM1159, The Impact of WACC Calculation in the Price Cap Regulation Results: Colombian Case

S. FONSECA, Consultant

•   07GM1167, Price Cap Regulation, the Panamanian Experience from the Regulator Point of View

V. URRUTIA, ASEP

 

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Experiences with Ancillary Services Markets

Sponsored by:    Power System Analysis, Computing, and Economics Committee

Chair:                 I. Kockar, Brunel University

 

Successful implementation of deregulation requires not only adequate design of markets for energy, but also establishment of suitable markets for efficient trading of ancillary services. A design of ancillary services markets depends, and is closely related to the design and type of energy markets. This panel presented experiences with such markets that operate in different countries. This included an overview and comparison between some US and EU markets for frequency and voltage control, market designs in California, Norway and Australia, as well as an introduction and analysis of the change in rules that National Grid has started to introduce for the provision of short-term reserve in the UK electricity market.

 

PRESENTATIONS AND PANELISTS:

•   07GM0354, Some Salient Features of the Management of Frequency and Voltage Control Ancillary Services

Y. REBOURS, The University of Manchester

•   07GM0870, Experience with Market-Based Ancillary Services in the Australian National Electricity Market

S. THORNCRAFT, University of New South Wales

H. OUTHRED, University of New South Wales

•   07GM1029, New Short-Term-Operation-Reserve Services in the UK Electricity Market

S. MATTHEWS, National Grid

I. KOCKAR, Brunel University

•   07GM1341, Ancillary Services - State of the Art in the Nordic Market

O. GJERDE, Statnett SF

•   07GM1495, Design of an Efficient Ancillary Services Market

A. PAPALEXOPOULOS, ECCO International

•   07GM0552, Coordination of Balancing Energy Deployments in ERCOT Market

Y. LI, Potomac Economics/ERCOT IMM

X. YU, ERCOT

 

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Implications of Carbon Trading

Sponsored by:    Power System Analysis, Computing, and Economics Committee

Chair:                 J. Barquin, Universidad Pontificia Comillas

 

The goal of this panel was to present ongoing research on the consequences and modelling of carbon costs in the operation, planning and investment process in the electricity markets. The role of new market and regulatory possibilities, such as carbon trading (with the European Emissions Trading Scheme as an outstanding example) or clean development mechanisms, was considered.

 

PRESENTATIONS AND PANELISTS:

•   07GM0482, Analyzing the Long-Run Impact of the Regional Greenhouse Gas Initiative on Maryland Power Sector: Oligopoly Analysis

D. BURTRAW, Resources for the Future

Y. CHEN, University of California, Merced

B. HOBBS, The Johns Hopkins University

K. PALMER, Resources for the Future

S. KIM, The Johns Hopkins University

S. GABRIEL, University of Maryland

A. PAUL, Resources for the Future

•   07GM0791, Options to Address EU ETS Induced Increases in Power Prices and Windfall Profits

J. SIJM, ECN

•   07GM1372, Sweet Dreams Are Made of This: Bioelectricity in Brazil

S. GRANVILLE, PSR

P. LINO, PSR

L. SOARES, PSR

L. BARROSO, PSR

M. PEREIRA, PSR

•   07GM1374, Emission Rights Allocation Criteria

C. BATLLE, Universidad Pontificia Comillas

J. BARQUIN, Universidad Pontificia Comillas

 

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International Comparison of Market Design and Market Power Mitigation

Sponsored by:    Power System Analysis, Computing, and Economics Committee

Chair:                 I. Kockar, Brunel University

 

Although the deregulation of the electricity industry began more than 15 years ago, a number of issues remain to be resolved. This panel looked into solutions regarding market designs and tackling of the market power problem, which are applied in various markets around the world. Although the aim of all markets is to introduce market forces into power system operation, their market designs and solutions to various problems reflect historical circumstances and structures of the inherited power systems. We started our journey by first looking into experiences and new approaches to the market power problem applied in PJM, California and Texas—three US markets with distinct market designs. Then, we saw how European countries have arranged their markets, and discovered some interesting differences that exist between US and EU markets, as well as looked into the design and problems of the Spanish market. The final presentation outlined design and solutions applied in Australia, and also discussed complexities that arise when comparing market designs of various countries.

 

PRESENTATIONS AND PANELISTS:

•   07GM0498, Is the Prevailing Wholesale Market Design in Europe and North America Comparable?

L. MEEUS, University of Leuven (KUL)

R. BELMANS, University of Leuven (KUL)

•   07GM0625, The Electricity Market of Mainland Spain: A Brief Critical Review

A. CONEJO, Universidad de Castilla - La Mancha

•   07GM0973, Innovative Market Design and Mitigation Methods in the ERCOT Nodal Market

S. SIDDIQI, Crescent Power, Inc.

•   07GM1115, Competitive Transmission Path Assessment for Local Market Power Mitigation

F. RAHIMI, Open Access Consulting

M. ZHANG, California Independent System Operator

B. HOBBS, Johns Hopkins University

•   07GM1228, Comments on the International Comparison of Electricity Markets and Market Power Mitigation

H. OUTHRED, University of New South Wales

 

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Managing Large Scale Market Network Models

Sponsored by:    Power System Analysis, Computing, and Economics Committee

Chair:                 E. Haq, California ISO

 

In today's de-regulated environment the RTOs and ISOs are dealing with very large network models. These models cover very large geographical areas and include many different utilities. Network model of a RTO/ISO increases in size and complexity as new utilities join the ISOs and RTOs. The modelers of a RTO/ISO have the responsibility of incorporating the changes in the model correctly and in a timely manner to keep the operational model up to date. To handle such large network models for RTO/ISO, we need efficient model maintenance and validation tools, defined processes and test plans. In this panel session the speakers shared their experiences in large scale network model maintenance, model exchange with RTO/ISO and model maintenance tools. They also shared their experiences on the effects of modeling accuracy in LMP calculation using state estimator solution.

 

PRESENTATIONS AND PANELISTS:

•   07GM0450, A CIM-Based Multi-Model Maintenance Tool

B. MARSHALL, ABB, Inc.

M. MILLER, ABB, Inc.

E. HAQ, California Independent System Operator

•   07GM0771, Multi-Site Network Model Management

K. HUNTER, Siemens PT&D

•   07GM1158, Achieving Uniformly Accurate and Up-to-Date Models in Large Interconnected Power Systems

J. BRITTON, AREVA T&D

•   07GM1393, Managing Ontario IESO Network Model and Its Impact

B. DANAI, ABB

B. PETTITT, IESO

H. KANDOLA, IESO

•   07GM1042, Managing Large Scale Network Model for Energy Management Systems and Business Management Systems

D. TRAN, NYISO

•   07GM0774, A Semantic Based Software Architecture for Power Market Information Integration

G. HUANG, Texas A&M University

J. LEI, Electric Reliability Council of Texas (ERCOT)

 

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Pricing Access to Distribution Networks

Sponsored by:    Power System Analysis, Computing, and Economics Committee

Chair:                 J. Bialek, University of Edinburgh

 

High levels of penetration of Distributed Generation will blur the distinction between transmission and distribution networks. This panel session was devoted to distribution access pricing and regulation and the issues discussed included:

•   How should distribution access pricing encourage efficient use of the network and generation while providing an incentive for optimal network and generation investment?

•   What are the barriers to access?

•   How should distribution networks be regulated?

•   Interactions between distribution access pricing, planning, design and investment.

•   Survey of distribution access pricing regimes in different countries.

 

PRESENTATIONS AND PANELISTS:

•   07GM1402, Optimal Distribution Service Pricing for Investment Planning

M. PRICA, Carnegie Mellon University

M. ILIC, Carnegie Mellon University

•   07GM1446, Access and Pricing of Distribution Network with Distributed Generation

D. PUDJIANTO, Imperial College London

G. STRBAC, Imperial College London

J. MUTALE, The University of Manchester

•   07GM1082, The Benefit of a Long-Run Incremental Pricing Methodology to Future Network Development

F. LI, University of Bath

•   07GM0949, The Difficulties of Open Access and Pricing in Distribution Networks

H. RUDNICK, Pontificia Universidad Catolica de Chile

S. MOCARQUER, Systep Engineering

R. MOHR, Pontificia Universidad Catolica de Chile

•   07GM1440, Integrating Spatial and Temporal Aspects in Distribution Pricing: The Brazilian Experience

J. MARANGON-LIMA, Federal University at Itajubα

•   07GM1085, Enhancement of Sustainable Electricity Supply in Europe Through Improvement of Distribution Network Regulation

M. SCHEEPERS, Energy research Centre of the Netherlands (ECN)

J. JANSEN, Energy research Centre of the Netherlands (ECN)

•   07GM1542, Regulation and Investment Incentives in the Electricity Distribution Networks in Germany

G. BRUNEKREEFT, International University Bremen

 

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Experience with Bidding Ancillary Services in RTO Markets

Sponsored by:    Power System Operations Committee

Chair:                 K. Le, PCI

 

By early 2009, roughly 60% of the US capacity will operate in RTO markets. This panel session focused on ancillary-service markets. The panel addressed the following issues: How do ancillary-service markets operate? What types of ancillary services do RTOs offer? Is there a market for VARS? How do RTOs select resources for regulation and contingency reserves?

 

PRESENTATIONS AND PANELISTS:

•   07GM0532, Experience with Bidding Ancillary Services in RTO Markets

K. LE, PCI

•   07GM0540, Operating Ancillary Service Markets in California

M. ROTHLEDER, California ISO

•   07GM1044, Operating Ancillary Service Markets in ERCOT

Y. REN, ERCOT

J. MICKEY, ERCOT

S. TENG, ERCOT

J. YU, ERCOT

•   07GM1271, Experience with Ancillary Service in ISO New England's LMP Markets

R. COUTU, ISO New England

•   07GM1459, Experience with Operating the Ancillary-Service Markets in ERCOT

Y. LI, Potomac Economics/ERCOT IMM

J. JIANG, University of Oklahoma

•   07GM1433, Bid Cost Minimization versus Payment Cost Minimization in the ISO/RTO Markets

J. YAN, SCE

 

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The Benefits of Transmission Expansions: Technical, Economic and Institutional Aspects

Sponsored by:    Power System Planning and Implementation Committee

Chair:                 P. Bresesti, CESI Ricerca

 

The benefits of transmission expansions range from traditional technical/economic aspects like reliability improvement, promotion of competitive electricity markets, support for development of new generation, to more strategic factors like promotion of economic growth, support for exploitation of renewable resources, and endorsement of energy independence and security.

 

Nevertheless the investments in new transmission facilities are not keeping pace with this technical, economic and strategic value of the transmission infrastructure. Indeed in most of industrialized countries the rate of growth of the transmission capacity is far below the rate of growth of the electricity demand.

 

The demonstration and the measure of the real transmission benefits, that clearly go far beyond the traditional reliability improvement, is one of the key elements to overcome the present slowdown in transmission investments. For this purpose a new and comprehensive benefit analysis framework is needed. Ideally the framework would be expected to assess the direct technical/economic benefits as well as to emphasize the indirect strategic value of transmission expansions, so to meet different purposes: a) to define the priority of projects and to gain approval at the corporate level, b) to gain regulatory approval and institutional support and c) finally to gain the public consensus. Indeed, the demonstration and measure of benefits are important issues for all these steps of the transmission planning and implementation process.

 

The panel was intended to present methods and models to assess the technical, economic and strategic benefits of transmission expansions.

 

PRESENTATIONS AND PANELISTS:

•   07GM0697, A Method to Assess Benefits of Transmission Expansions in the Italian Electricity Market

A. VAIANI, CESI RICERCA

P. BRESESTI, CESI RICERCA

R. VAILATI, CESI RICERCA

•   07GM1017, Benefit-Cost Analysis of Large-Scale Transmission for Renewable Generation: Principles & California Case Study

B. HOBBS, Johns Hopkins University

K. CASEY, California ISO

D. SHIRMOHAMMADI, California ISO

F. WOLAK, Stanford University

•   07GM1166, Transmission Investment Incentives: Economic Analysis by Example

R. ENTRIKEN, EPRI

•   07GM1080, Aligning Generators' Interests with Social Efficiency Criteria for Transmission Upgrades in an LMP Based Market

E. SAUMA, Pontificia Universidad Catolica de Chile

S. OREN, University of California at Berkeley

 

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