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Improvements in transmission and distribution networks can be noticed in most countries that had their system architecture changed by the deregulation process. In this new environment one of the biggest challenges is the transmission and distribution open access. In Brazil, the National Electricity Regulatory Agency has established that the monthly amount of transmission system usage contracted by...
This informal survey classifies various transmission projects into four categories, depending on whether the project's sponsors are incumbent transmission owners or new entrants and whether the costs of the project are recovered through transmission tariffs applicable to all users or through contractual payment obligations that are voluntary assumed by willing users. The authors observe that the internal...
SmartGrids were introduced to make the grid operation smarter and intelligent. SmartGrid operations, upon appropriate deployment can open up new avenues and opportunities with significant financial implications. SmartGrids can continue towards enhancement of power market. The current status of the power market as well as initiations of SmartGrids in India are studied to scrutinize the potential power...
Power sector restructuring has prompted the application of modern portfolio theory among market participants. Much research has been devoted to power portfolio optimization problems. However, the portfolio composition adopted in literature is rather hypothetical than realistic. From an engineering perspective, it is necessary to use real traded contract products to construct the portfolio. In this...
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