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The reliability pricing model (RPM) is the capacity construct proposed by PJM to implement forward procurement of generating capacity requirement recognizing its locational value. A variable resource requirement (demand curve) is used to determine the amount paid to capacity. Capacity market buyers, sellers and other parties developed a settlement agreement and filed it with US Federal Energy Regulatory...
Regulatory changes and advances in distributed resources (DR) technology have lead utilities to consider DRs as altematives to central station generation and T&D investments. This paper presents a comprehensive planning and production simulation model that simultaneously evaluates central and local investments to determine the optimal mix for long-term expansion. The model can also be viewed as...
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