Capacity trading in electricity markets

Çubuklu, Ömer
In electricity markets, capacity cost must be determined in order to make capacity trading. In this thesis, capacity cost and the factors deriving the capacity cost are studied. First, fixed capacity cost of power plants is examined. Direct and indirect costs of fixed capacity cost are detailed with respect to different types of power plants and the impact of these factors to the capacity cost is given. Second, interconnection and system utilization costs of transmission and distribution system are considered in order to simulate energy flow from the producer to the customer. Finally, a capacity cost calculation program is practiced. By the help of this program, capacity cost of power plants is figured out, different cases are compared and the main factors affecting the capacity cost are discussed in detail.


Stochastic modeling of electricity markets
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Day-ahead spot electricity markets are the most transparent spot markets where one can find integrated supply and demand curves of the market players for each settlement period. Since it is an indicator for the market players and regulators, in this thesis we model the spot electricity prices. Logarithmic daily average spot electricity prices are modeled as a summation of a deterministic function and multi-factor stochastic process. Randomness in the spot prices is assumed to be governed by three jump proce...
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Okuşluğ, Ali; Güven, Ali Nezih; Tör, Osman Bülent; Department of Electrical and Electronics Engineering (2013)
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Özel, Kerem; Özay, Nevzat; Department of Electrical and Electronics Engineering (2006)
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Day ahead markets
Kütaruk, Kaan; Sevaioğlu, Osman; Department of Electrical and Electronics Engineering (2013)
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Performance based ratemaking in electric distribution services
Uğuz, Mustafa; Sevaioğlu, Osman; Department of Electrical and Electronics Engineering (2006)
Regulation is one of the main elements in electric distribution services. The objective of the regulation is to maintain the balance between the rates and the service quality of electric distribution on behalf of both utilities and customers. In rapidly changing world the regulation regimes are also changing .In this thesis, an increasingly implemented regulation model in electric distribution, performance based ratemaking is studied. Its advantages and disadvantages, implementing methods and its quality ef...
Citation Formats
Ö. Çubuklu, “Capacity trading in electricity markets,” M.S. - Master of Science, Middle East Technical University, 2012.