ES #9 - Ryan McCreery ECE Lecture#9 Will Markets Keep the...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Ryan McCreery ECE Lecture #9 October 18, 2007 Will Markets Keep the Lights On? The ninth energy seminar was given by Mr. Tim Mount from the Applied Economics and Management program at Cornell University. During this lecture, Mr. Mount provided the class with a breakdown of his presentation: markets and investment incentives, deregulation problems, reliability standards in New York State, and the adequacy of generation. The commencement of the lecture focused on the current reliability standards. Mr. Mount explained how there are two different North-American Electric Reliability Council (NERC) criteria for reliability: adequacy (ensuring that there is enough generation and transmission capacity which is the investor’s problem) and operating reliability (determining the dispatch of installed capacity and levels of reserves which is the system operator’s problem). Then, Mr. Mount compared the typical regulated market with the deregulated market. Basically, the regulated market LMP is based on true operating costs and generators are paid for actual costs
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/06/2009 for the course ECE 5880 taught by Professor Hammer during the Spring '06 term at Cornell.

Page1 / 2

ES #9 - Ryan McCreery ECE Lecture#9 Will Markets Keep the...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online