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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Zareipour, H. Canizares, C.A. Bhattacharya, K. |
| Copyright Year | 2005 |
| Description | Author affiliation: Dept. of Electr. & Comput. Eng., Waterloo Univ., Ont., Canada (Zareipour, H.; Canizares, C.A.; Bhattacharya, K.) |
| Abstract | The Ontario electricity market, which opened on May 1, 2002, consists of physical markets for energy and operating reserves as well as a financial market for transmission rights, administered by the independent electricity market operator (IMO). Bids for energy and operating reserves from inside Ontario are settled based on a uniform pricing mechanism; however, import/export of electricity and applicable operating reserves through 12 intertie zones from/to New York, Michigan, Minnesota, Manitoba and Quebec control areas are priced differently. Energy and operating reserves markets are designed based on two time-frames, pre-dispatch and real-time, as well as two optimization procedures, unconstrained and constrained. Financial transmission rights are auctioned for short-term (one month) and long-term (one year), and provide a limited risk-hedging mechanism for holders. In this paper an overview of the market structure, basic features and the operational aspects of the Ontario market is discussed. |
| Starting Page | 460 |
| Ending Page | 467 |
| File Size | 1074780 |
| Page Count | 8 |
| File Format | |
| ISBN | 0780391578 |
| DOI | 10.1109/PES.2005.1489582 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2005-06-16 |
| Publisher Place | USA |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Electricity supply industry Power generation Power system reliability Government Hydroelectric power generation Nuclear power generation Pricing Constraint optimization Design optimization Electricity supply industry deregulation |
| Content Type | Text |
| Resource Type | Article |
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