Report to Congress: Impacts of the Federal Energy Regulatory Commissions Proposal for Standard Market Design U.S. Department of Energy April 30, 2003

Book Id: WPLBN0000702004
Format Type: PDF eBook
File Size: 1,006.85 KB.
Reproduction Date: 2006

Title:	Report to Congress: Impacts of the Federal Energy Regulatory Commissions Proposal for Standard Market Design U.S. Department of Energy April 30, 2003
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Language:	English
Subject:	Government publications, Energy, Energy and research series
Collections:	Department of Energy Collection
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Publisher:	Government Printing Office


Citation APA MLA Chicago Report to Congress: Impacts of the Federal Energy Regulatory Commissions Proposal for Standard Market Design U.S. Department of Energy April 30, 2003. (n.d.). Report to Congress: Impacts of the Federal Energy Regulatory Commissions Proposal for Standard Market Design U.S. Department of Energy April 30, 2003. Retrieved from http://self.gutenberg.org/

Excerpt
Excerpt: MAPS is a specialized tool widely used by the electricity industry to analyze transmission issues on a regional basis. It is used to project the functioning of the generation and transmission infrastructure in great detail under different assumptions over the relatively near term (i.e., about 4 years, through 2007). Using MAPS for longer term analyses would require adding a large amount of user-specified detail about expected demand growth, new generation capacity, generation retirements, and transmission upgrades. Establishing such assumptions with the degree of detail required was not feasible within the time and budget for this study.

Table of Contents
Table of Contents: U.S. Department of Energy Impacts of FERC?s Proposed Standard Market Design iii -- 1. Introduction, 1 -- Congressional Direction, 1 -- Summary of FERC?s SMD Proposal, 2 -- 2. Estimating the Impacts of SMD: Analytic Framework and Methodology, 5 -- Types of Impacts Addressed, 5 -- Quantitative and Qualitative Approaches, 5 -- Non-SMD Case, SMD Case, and Sensitivity Cases, 6 -- Background Assumptions Common to All Cases, 6 -- Non-SMD Case, 6 -- SMD Case and Sensitivity Cases, 7 -- 3. Estimating the Impacts of SMD: Quantitative Analysis of Increased Electricity Commerce, 11 -- Wholesale and Retail Price Impacts of Increased Electricity Commerce Under SMD, 11 -- The POEMSModel, 11 -- POEMS Scenario Assumptions, 12 -- Costs To Implement SMD, Including Establishment and Operation of RTOs, 13 -- Non-SMD Case Results, 16 -- SMD Case Results, 17 -- Sensitivity Case Results, 22 -- Discussion of Regional Impacts, 24 -- Changes in Usage of Transmission Networks Under SMD, 40 -- The MAPSModel, 40 -- Assumed Effect of RTO Formation on Inter-Regional Transactions, 40 -- SMD and Sensitivity Cases, 41 -- Impacts of SMD on Transmission Utilization, 41 -- Sensitivity Cases, 45 -- 4. Estimating the Impacts of SMD: Qualitative Analysis, 47 -- Impacts on the Reasonableness of Electricity Prices and Potential Need -- for Market Power Mitigation, 47 -- SMD and the Potential for Instability in Wholesale Electricity Markets, 47 -- Market Monitoring and Mitigation of Market Power, 48 -- Impacts on Energy Infrastructure Development and Investor Confidence, 48 -- Background, 49 -- Reactions to FERC?s SMD Proposal, 50 -- Summary Regarding Investor Confidence and Infrastructure Development, 51 -- Impacts on Security and Reliability of Generation and Transmission Infrastructure, 51 -- Background on Reliability, 51 -- Components of SMDWith Little or No Impact on Electric System Reliability, 52 -- Components of SMD Resulting in Improvements to Electric System Reliability, 53 -- Impacts on State Regulation of Electric Utilities, 54 -- Independent Grid Operator and Service to Retail Customers, 54 -- Market Power Mitigation, Regional Resource Adequacy Requirements and Regional Transmission Planning, 55 -- Locational Marginal Pricing, 58 -- Tradable Transmission Rights, 59