Coordinating energy and reserves in a wholesale electricity market.

Type of content
Theses / Dissertations
Publisher's DOI/URI
Thesis discipline
Degree name
Doctor of Philosophy
Publisher
University of Canterbury. Department of Management
Journal Title
Journal ISSN
Volume Title
Language
Date
1997
Authors
Drayton-Bright, Glenn Robert
Abstract

This thesis addresses a number of questions related to the design of a wholesale electricity market and the decentralisation of a mixed hydro and thermal system. Initially it concentrates on the response to price of a Linear Programming model of a hydro station and existence of a step supply curve consistent with that function. This has implications for the existence of the perfect competition equilibrium in a simplified energy market. An experimental analysis is presented, which attempts to quantify the theorised discrepancy between an 'ideal' centrally coordinated solution and the market's solution. The latter half of this thesis develops a Linear Programming based representation of the joint energy and reserve capability of a generating unit or station, called the Fan Approximation. This approach is used to develop an offering and market-clearing model for energy and reserves which allows hydro, thermal, and interruptible load participants to compete equally.

Description
Citation
Keywords
Ngā upoko tukutuku/Māori subject headings
ANZSRC fields of research
Rights
Copyright Glenn Robert Drayton-Bright