Restructuring is attempting to bring the economic efficiency of competitive markets to the electric power industry. To …-long trend of declining reserve margins. Competition among generators is typically robust, holding down wholesale energy prices …. Generators have shown that they are very responsive to price signals in both the short and long term. But a market that is …

conducting business. With restructuring, however, the services needed to meet these requirements, now called ''ancillary services … importance of ancillary services for both bulk-power reliability and support of commercial transactions. Balancing generation and … utility incurs significant costs to supply these services. Supplying these services may be a significant business opportunity …

technologies and business strategies have been proposed to address some of these cost and utility issues: battery leasing, battery … of powertrain and business strategies. The various input parameters such as vehicle type, battery, gasoline, and … electricity prices; battery cycle life; driving profile; and infrastructure costs can be varied. In this paper, we discuss the …

surrounding the reliability of electric power systems in restructured markets as well as security worries are the latest reasons … connection between system peak demand and system reliability an important driver of public policy in the electric utility sector … procedures, efficiency standards, and labeling programs. In the long run, R&D is probably the most important single leverage …

electric vehicle (EV) under a service provider business model. The service provider is assumed to provide EV infrastructure …

Demand response is the largest underutilized reliability resource in North America. Historic demand response programs … have focused on reducing overall electricity consumption (increasing efficiency) and shaving peaks but have not typically … been used for immediate reliability response. Many of these programs have been successful but demand response remains a …

effects of market decisions and disruptions in the electric power system on other critical infrastructures in the US economy … each market as a function of the market rules. Results indicate that when two power markets are faced with identical … economic circumstances, the traditionally higher-priced market sees its market clearing price decline, while the traditionally …

This paper is intended to provide an understanding of the needs of a restructured electricity market and some of the … market methods and systems that have developed to address those needs. Chapter 2 discusses the historic market framework of … restructuring. It discusses generation and transmission planning, control and the regulatory process. It also summarizes reliability …

these services for bulk-power reliability and for the support of commercial transactions. FERC`s landmark Order 888 included … United States have created or are forming independent system operators, which will be responsible for reliability and …-allocation factors for these services; and to develop market and operating rules for their provision and pricing. Developing metrics …

) into the electricity market. The advent of efficient and reliable small scale and renewable equipment has spurred an … industry that has, in recent years, made even smaller (business scale) electricity generation an economically viable option for … many benefits, such as economic savings and price predictability, improved reliability, control over power quality, and …