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lecture 7 Power, Transmission_v.2

78 resnick institute workshop october 13 2011 sean

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Unformatted text preview: wn and what can be done to incentivize power producers to maintain adequate reserve capacity for emergencies rather than waiting for emergency windfalls? – HOUSTON CHRONICLE, Feb 12, 2011 New report hits ERCOT, electricity deregulation: A report released Monday concludes that electric deregulation has cost Texas residential consumers more than $11 billion in higher rates... – DALLAS MORNING NEWS, Feb 14, 2011 6/8 Resnick Institute workshop October 13, 2011 Sean Meyn University of Illinois & University of Florida Day-Ahead Market Outcomes Texas (ERCOT): Summer of 2011 wholesale price ($/MWh) ERCOT North Zone - August 1-30, 2011 Hourly day-ahead, daily on-peak, and monthly weighted average prices Source: U.S. Energy Information Administration, based on the Electric Reliability Council of Texas (ERCOT). !"#$%&'(!"#"$%&'()*$+&,-(./01-&$23.1&140(/01-&5$6/4'3$-&$07'$%8'90(19$:'81/61810*$;-<&918$-,$='>/4$?%:;@=A" Note: ERCOT North Zone includes Dallas/Fort Worth metro regio...
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